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National ID card mandatory for opening Demat account from July

nabil bank

. From July, it is mandatory to present a national identity card or its number while opening a new demat account for share trading.

The Securities Board of Nepal (SEBON) had directed NEPSE and CDS & Clearing Limited to implement this provision under the policy and program for the current fiscal year 208 TAG_OPEN_div_6 2/83.

Spokesperson of CDS and Clearing Limited, Suresh Neupane, said that the infrastructure has been prepared as per this provision.TAG_OPEN_div_4 He said that an integrated and accurate record of a person’s account has been prepared by linking the national identity card with the customer identification system.

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