Kathmandu: NIC Asia Capital has introduced a special facility in demat account with the slogan ‘Pay One Time Forget Lifetime’ with the main objective of providing services to its customers at low fees. Under this scheme, the demat account will be operated for life, i.e. the demat account will be renewed by making a one-time payment of Rs 999.
Account holders who open a demat account and deal in shares have to pay a demat account renewal fee of Rs 100 each year. In the case of non-payment of the renewal fee, the demat account of the concerned account holder is frozen and the shares sold are not cleared within the stipulated time, and thousands of fines have to be paid as well.
In order to ease the complicated system of paying the demat account renewal fee every year, Capital has arranged a life-time demat account renewal at a low fee. It can also be paid through online payment gateway like, eSewa, Khalti, Connect IPS, PhonePay or IME Pay.