Bank of Kathmandu and NMB Bank urge demat account holders to deposit annual operation fee within stipulated time for uninterrupted service

Bank of Kathmandu Limited (BOK) and NMB Bank (NMB) have published a notice urging the demat account holders of respective merchant banks to pay the annual operation fee.

As per the notice published, the demat account holders are required to pay a sum of Rs.100 as annual operation fee for the demat account held within the month of Shrawan. Failure to do so will result in Debit Freezing of the account. Account holders can deposit the fee in their respective merchant banks or in the branch office of the respective commercial banks.

Similarly, users of ‘meroshare’ are required to renew their account within one year of operation to continue using the service. Failure to do so will result in closure of the account by CDS and Clearing Limited.