How to Open DEMAT, MeroShare & Broker (TMS) Account in Nepal 2026 — Complete Beginner’s Stock Market Guide
NEPSE crossed 2,929 points in 2026, 284 companies are listed, and Nepal’s stock market cap stands at Rs. 44.35 billion. Whether you want to apply for IPOs or trade shares — this guide covers every account you need: DEMAT (free–Rs. 200), MeroShare (Rs. 50), and TMS broker account. Step-by-step, with real commission rates, capital gain tax, common mistakes, and pro tips that most guides miss.
NEPSE (Nepal Stock Exchange) is Nepal’s only stock exchange, regulated by SEBON (Securities Board of Nepal). To participate, you need 3 separate accounts working together. Confused about which is which? You’re not alone — here’s the simplest explanation: DEMAT = your share locker. MeroShare = your IPO gateway + portfolio viewer. TMS = your trading desk (buy/sell). All three link to one BOID number issued when you open your DEMAT account.
🏦 Nepal Stock Market — 3 Accounts You Need (And Why)
Get your BOID number
Free – Rs. 200/yr
Portfolio view
Rs. 50/yr
Secondary market
Free to open
Buy/sell on NEPSE
Build your portfolio
Just want IPOs? → DEMAT + MeroShare only (2 accounts, zero broker needed)
Want to buy/sell listed shares? → All 3 accounts (DEMAT + MeroShare + Broker/TMS)
Rule of thumb: Open all 3 from day one — it takes no extra time and gives you full flexibility.
📋 The 3 Accounts Explained — What Each Does
| Account | What It Does | Who Provides It | Cost | Website/Portal |
|---|---|---|---|---|
| DEMAT Account | Holds your shares electronically. Issues your 16-digit BOID number — your identity in the share market. Required for everything. | 54 BFIs (banks) acting as Depository Participants (DPs) | Rs. 100–200/year (AMC) | Your bank branch or online |
| MeroShare | Apply for IPOs/FPOs/right shares. View portfolio. Track dividends. EDIS (electronic share transfer). Download CGT reports. DP holdings view. | CDSC (CDS and Clearing Limited) | Rs. 50 registration + Rs. 50/year renewal | meroshare.cdsc.com.np |
| Broker / TMS Account | Buy and sell already-listed shares on NEPSE secondary market. Online trading via TMS portal. Place buy/sell orders. | Licensed stockbrokers (70+ brokers on NEPSE) | Free to open | Each broker’s TMS URL (e.g., tms32.nepsetms.com.np) |
| C-ASBA Bank Account | Bank account linked to MeroShare for IPO payment. When you apply for IPO, money is blocked (not debited) until allotment. | Your savings bank | Rs. 10–25/IPO application (varies by bank) | Your bank’s online portal or branch |
🔐 Step 1 — How to Open DEMAT Account in Nepal 2026
A DEMAT (Dematerialized) account is the foundation. Without it, nothing else works. All shares traded on NEPSE are held electronically through the CDSC system. Your DEMAT account gives you a unique 16-digit BOID (Beneficiary Owner ID) — your permanent share market identity number.
Documents Required for DEMAT Account
| Document | Notes |
|---|---|
| Nepali Citizenship Certificate | Original + photocopy both sides — most important document |
| Passport-size photos | 2–4 recent photos, white background |
| Bank account number | Active savings account in your name — for dividend credits |
| Mobile number | Must be registered in your own name — OTP verification required |
| Email address | For MeroShare registration — use personal email (not shared) |
| Thumb impression + signature | On the DP form — must exactly match citizenship certificate |
| PAN number (optional) | Recommended to add later for capital gain tax purposes |
DEMAT Account Opening — Step by Step
- Visit Any Bank Branch (Your Bank First)
Go to any of Nepal’s 54 BFIs (banks and financial institutions) acting as Depository Participants. Go to your own bank first — they already have your KYC and can verify details instantly, reducing errors and delays.
💡 Best banks for DEMAT: Nabil Bank (Nabil Invest), Nepal Investment Mega Bank, Global IME Capital, Everest Bank, Sunrise Capital — all have dedicated DP desks with quick processing. - Fill the DP (Depository Participant) Form
The DP form asks for: full name (exactly as on citizenship), citizenship number, date of birth, permanent and temporary address, bank account number, mobile number, and email. Critical: Your signature on this form must match your citizenship certificate exactly. A mismatch is the #1 reason applications get rejected.
- Submit Documents and Pay AMC Fee
Submit completed form + citizenship photocopy + 2 photos. Pay annual maintenance charge (Rs. 100–200). Some banks have promotional free-opening periods — ask before paying. Get a receipt with your reference ID.
- Receive Your BOID Number (1–3 Working Days)
The bank submits your application to CDSC. Within 1–3 working days, your 16-digit BOID number is generated. You’ll receive SMS/email with your BOID and MeroShare login credentials. Write down your BOID immediately and keep it safe — you cannot get into MeroShare without it.
- Online DEMAT Option (2026)
The process is fully online in 2026 for many banks. Banks like Nabil Invest (nabilinvest.com.np), Global IME Capital, and Everest Bank let you open DEMAT without visiting a branch — upload citizenship photo, fill the form, pay online. Some still require signature verification in-person — check your bank’s portal first.
📊 Step 3 — How to Open Broker (TMS) Account in Nepal 2026
A broker account (TMS — Trading Management System account) is required for buying and selling already-listed shares on NEPSE’s secondary market. Your broker will provide you with a TMS login link (e.g., https://tms32.nepsetms.com.np). Log in using your username and password provided by the broker.
Many beginners confuse these. Your broker holds your trading funds (cash). Your DEMAT holds your shares. MeroShare is your IPO portal. All three are separate but linked by your BOID number. You can have ONE DEMAT but MULTIPLE broker accounts — useful if a broker’s platform is down or you want separate tracking.
How to Choose the Right Broker — 5 Criteria
| Criteria | What to Check | Why It Matters |
|---|---|---|
| 📱 Mobile App Quality | Test the TMS app before committing. Place a test order. | Bad app = missed orders during volatile market swings |
| 📍 Location | Nearest branch for urgent in-person issues | Important if internet is down or payment issues arise |
| 💰 Commission Rate | Most charge SEBON-regulated max. Some discount for large traders. | Commission is regulated — difference is service quality |
| ⚡ Customer Service | Response time to calls/emails. Dedicated relationship manager? | Critical during system outages or order disputes |
| 🔒 SEBON License Status | Verify license at sebon.gov.np | Only SEBON-licensed brokers are legitimate |
Opening Broker Account — Step by Step
- Choose a Licensed Broker (See List Below)
Visit sebon.gov.np for the official verified list of all licensed stockbrokers. Nepal has 50+ licensed brokers. Broker numbers (e.g., Broker No. 33) indicate their NEPSE registration — all have the same commission rates set by SEBON.
- Visit the Broker’s Office or Apply Online
Most brokers now offer online account opening via their websites or the NEPSE online portal. Bring: citizenship copy, BOID number, bank account details, 2 passport-size photos. Some brokers require in-person visit for first-time account opening verification.
- Fill the Trading Account Form
Provide BOID, bank details, citizenship details, and choose a username for TMS login. The broker sends your TMS login credentials within 1–3 working days.
- Fund Your Broker Account
Transfer money from your bank to your broker account via bank transfer. Most brokers support direct bank transfer or provide their bank account number for deposit. Minimum to trade: There’s no fixed minimum, but practically you need enough to buy at least 10 kitta (shares) of your chosen stock plus cover broker commission.
💡 Keep a small buffer: If you’re buying Rs. 10,000 worth of shares, deposit Rs. 10,200 to cover broker commission and SEBON fees. Insufficient balance causes order rejection. - Login to TMS and Place Your First Order
Login to your TMS. Select “Buy”. Search for the company script (e.g., NABIL). Enter price and quantity. Place the order. The system will match when a seller accepts your price. Settlement happens in T+2 (2 working days after trade).
💸 NEPSE Broker Commission, SEBON Fee & DP Charge 2026
SEBON sets maximum broker commission rates. The current tiered structure is: 0.40% for transactions up to Rs 50,000, 0.30% for Rs 50,001–5,00,000, and 0.27% above Rs 5,00,000. These rates apply to both buy and sell transactions. The tiered rate applies only to the portion within each slab — not the total amount.
Equity Share Commission — Slab-Wise
| Security Type | Transaction Slab | Commission Rate | SEBON Fee | DP Charge |
|---|---|---|---|---|
| Equity Shares | Up to Rs. 50,000 | 0.40% | 0.015% of trade amount | Rs. 25 flat/transaction |
| Rs. 50,001 – Rs. 5,00,000 | 0.30% | |||
| Above Rs. 5,00,000 | 0.27% | |||
| Mutual Funds | Up to Rs. 5,00,000 | 0.15% | 0.015% | Rs. 25 |
| Above Rs. 5,00,000 | 0.10% | |||
| Government Bonds/Debentures | Up to Rs. 5,00,000 | 0.10% | 0.010% | Rs. 25 |
| Above Rs. 5,00,000 | 0.05% |
Total commission comprises of 79.4% broker commission, 20% exchange commission (NEPSE) and 0.6% regulatory fee (SEBON). So from your 0.40% commission on a Rs. 50,000 trade (Rs. 200 total), the broker keeps Rs. 159, NEPSE gets Rs. 40, and SEBON gets Rs. 1.20. Additionally, an additional 0.015% SEBON transaction fee is applicable on the transaction amount, and additional Rs. 25 per stock per transfer day is applicable as DP transaction charge.
🧾 Capital Gain Tax (CGT) on Nepal Shares 2026
Capital Gains Tax (CGT) is the tax charged on the profit (gain) you make when you sell shares, mutual funds, or other securities listed on NEPSE. Capital Gain Tax for Individual: 7.5% of Net Profit if the holding period is less than 365 days, 5% of Net Profit if the holding period is exceeding 365 days.
(Held > 365 days)
Best for patient investors.
(Held ≤ 365 days)
Applies to active traders.
(All holding periods)
Companies/organizations.
1. CGT is only charged on PROFIT — no CGT if you sell at a loss.
2. CGT is automatically deducted by your broker during settlement — you don’t file separately for most transactions.
3. Net profit = Sell proceeds − total buy cost (including all commissions and fees paid at time of purchase).
4. Holding period resets if you sell and rebuy — even the same stock on the same day counts as a new purchase date.
5. Save 2.5% CGT simply by holding shares for 365+ days — a powerful reason to think long-term.
🔢 Real-World Worked Example — Buying & Selling NABIL Bank Shares
This is the calculation most guides skip. Here’s the real math for buying 50 kitta of NABIL bank at Rs. 539/share and selling at Rs. 580/share after holding for 400 days.
📈 NABIL Bank — 50 Kitta (Long-term, 400 days held)
On a Rs. 27,000 investment, total charges (both buy+sell commission + SEBON + DP) = Rs. 282. That’s 1.04% of your buy value. Your break-even price (price you must sell above to make any profit) is approximately Rs. 553 — not Rs. 539. Always calculate your break-even before entering a trade. Use PriceNepal’s free calculator — a NEPSE share calculator is in our next update.
🚀 How to Apply for IPO in Nepal 2026 — MeroShare Guide
IPO (Initial Public Offering) applications are one of the most popular investment activities in Nepal. With a DEMAT + MeroShare account and linked C-ASBA bank account, the entire process takes under 5 minutes.
- Check Upcoming IPOs
Visit meroshare.cdsc.com.np → Apply for Issues. Or check upcoming IPOs at nepalipaisa.com, sharesansar.com, or hamroipo.com for announcements, opening/closing dates, and par value details.
- Log into MeroShare During Open Window
IPOs have a set application window (usually 7–14 days). Log into MeroShare and find the active IPO under “Apply for Issues.” You can only apply during the open window.
- Enter Kitta (Number of Shares) and Apply
Minimum 10 kitta. Enter the number of shares you want. The system shows you the application amount (kitta × face value). Confirm your C-ASBA bank account is linked and has sufficient balance. Click Apply.
- Money is Blocked (Not Debited)
Your C-ASBA bank account blocks the application amount — it’s not debited immediately. The funds remain in your account but are frozen until allotment results.
- Check Allotment Result
MeroShare → My Applications → Result. Or check at company’s registrar website (Jwalaulte, Nabil Invest, etc.). Result usually announced within 15 working days of closing.
- If Allotted: Shares in DEMAT + Money Debited
Allotted shares appear in your DEMAT account. Blocked amount is debited from your bank. Unallotted applicants: blocked amount is released immediately after result.
- Sell on Listing Day (Needs TMS Broker Account)
Once shares are listed on NEPSE (usually 15–60 days after allotment), you can sell through your TMS broker account. Listing day is typically the most volatile — price can jump or fall 30%+ from face value based on company fundamentals and market sentiment.
💡 IPO strategy: Research the company before applying, not after. Check: sector (banking/hydro/insurance), face value (Rs. 100 standard), promoter details, dividend history, and analyst views at sharesansar.com before every application.
Nepal uses a lottery-based allotment system for oversubscribed IPOs. If an IPO is oversubscribed (more applicants than shares), CDSC runs a computerized lottery. Each applicant gets maximum 10 kitta in the first round. If shares remain after 10 kitta distribution, another round happens. Applying for more than 10 kitta does NOT increase your chance of getting 10 kitta — but it helps if excess shares are distributed. Multiple applications from the same BOID are automatically rejected.
🏢 Top Broker Houses in Nepal 2026 — Who to Choose
Nepal has 50+ licensed SEBON brokers. All charge the same SEBON-regulated commission rates. The difference is in platform quality, customer service, and mobile app reliability. Here are well-established names frequently recommended by NEPSE investors:
Complete list of all SEBON-licensed brokers with TMS links: nepalstock.com.np/broker. Verify any broker’s license at sebon.gov.np before opening an account. Trading hours: Sunday–Thursday, 11:00 AM – 3:00 PM NST. Closed Fridays, Saturdays, and public holidays.
❌ 8 Common Mistakes Nepal Stock Market Beginners Make
Most common rejection reason. Signature must exactly match citizenship certificate.
Using same email for multiple DEMAT accounts causes IPO application cancellation for all linked accounts.
DEMAT is open but C-ASBA not linked = IPO application rejected every time.
Without EDIS PIN, you cannot sell shares through broker even if you have shares in DEMAT.
People think profit starts above buy price. Wrong — you must also cover both buy and sell commissions.
Missing the annual Rs. 100 (DEMAT) and Rs. 50 (MeroShare) renewal freezes your account. IPO applications rejected.
Phishing sites copy the MeroShare interface to steal credentials. Google search results can show fakes.
Buying because “everyone is buying” is pump-and-dump territory on NEPSE. Retail investors lose most.
💡 Pro Tips — Nepal Stock Market 2026 (What Experienced Investors Know)
🔥 Expert Tips — Verified from NEPSE Investors & Financial Analysts
- Open DEMAT at your own bank — never at a random one. Your bank already has your KYC. Faster processing (same day in many cases), easier CRN linking for MeroShare, and one-stop banking. Nabil, NIMB, Everest, and EBL customers get integrated services.
- The best time to buy on NEPSE is not when it’s rising. NEPSE rose from 2,120.62 in 2024 to 2,929.85 in 2026 — those who bought in 2024 at corrections made the most. Buy in fear, sell in greed applies strongly to Nepal’s retail-dominated market.
- Holding for 365+ days saves you 2.5% CGT automatically. On Rs. 1 lakh profit, that’s Rs. 2,500 extra in your pocket for simply waiting one extra day past the 365-day mark. Track your purchase dates precisely.
- Banking and hydropower stocks pay the most consistent dividends. NABIL, EBL, NIC Asia among banks. NHPC, RURU, BPCL among hydropower. Dividend income is taxed separately from capital gains — check the current dividend tax rate with your broker.
- Never apply for IPO from a cybercafe or shared computer. You leave your MeroShare session open and your BOID exposed. Use only personal device with 2FA if possible.
- Set price alerts on nepalstock.com or nepalipaisa.com. NEPSE trading is Sunday–Thursday 11 AM–3 PM. If you can’t monitor live, set target buy/sell alerts — missing a 5-minute window can mean 10% price difference in volatile stocks.
- Apply for every IPO regardless of company quality (initially). Beginners who apply for every IPO and sell on listing day often make 20–100% returns per IPO in Nepal’s IPO-hungry market. Track IPO history at hamroipo.com — most oversubscribed IPOs trade above face value on listing day.
- Use “limit order” never “market order”. Always use a limit order — set the exact price you want. Never use a market order — it may execute at a weird price. On Nepal’s thin-liquidity market, market orders can execute at drastically different prices.
- Diversify across banking, hydro, and insurance. These three sectors dominate NEPSE. Over-concentration in one sector (especially microfinance, which has seen major corrections) is the most common source of large losses for retail investors.
- Download your CGT report from MeroShare every year before tax filing season. The report is auto-generated for every transaction. File it with IRD even if your broker auto-deducts — keeps your tax record clean and avoids audit risk.
❓ Frequently Asked Questions — Nepal Stock Market 2026
🔗 Essential Nepal Stock Market Resources
| Resource | URL | What You Get |
|---|---|---|
| MeroShare (Official) | meroshare.cdsc.com.np | IPO applications, portfolio, EDIS, CGT reports |
| NEPSE Official | nepalstock.com.np | Live prices, company listing, broker list, market data |
| SEBON | sebon.gov.np | Verify broker licenses, regulations, IPO prospectuses |
| CDSC | cdsc.com.np | DEMAT, BOID verification, clearing information |
| Sharesansar | sharesansar.com | Nepal market news, IPO analysis, company data |
| HamroIPO | hamroipo.com | Upcoming IPOs, allotment results, broker TMS links |
| Nepalipaisa | nepalipaisa.com | Live prices, charts, portfolio tracker |
| NepseTrading | nepsetrading.com | Market analysis, sector data, investment insights |