Kumari Bank Limited and Laxmi Bank Limited urge demat account holders to pay annual operation fee within the stipulated time
Kumari Bank Limited (KBL) and Laxmi Bank Limited (LBL) 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.
Account holders whose account came into operation till FY 75/76 are requested to pay their annual operation fee within 31st Asadh, 2076.
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.
