How to Renew Mero Share Account?

Do you buy and sell shares online on a regular basis? If you are a stock market investor in Nepal, then you know that your Mero Share account needs to be renewed every year. This is to ensure that you can continue to trade shares and participate in IPOs.

The process to renew Mero Share account is relatively simple, and there are a few different ways to do it. In this article, we will walk you through the steps involved in renewing your account online, through mobile banking, and at a bank branch.

When Should You Renew Mero Share Account?

Although you should renew your DEMAT account every year, it is not compulsory to renew the Mero Share account. You can renew it any time you want to renew it as long as you want to use Mero Share.

Recommended Article: How to Open Mero Share Account? – Mero Share Login

How to Renew Mero Share Account?

There are multiple ways to renew Mero Share account. You can do so online with the help of the Mero Share Website, digital wallets, mobile banking, and so on. Similarly, you can also renew the account offline by visiting the bank’s branch. Here, we will discuss with you all of these methods.

Method 1: Renew the Account Using the Mero Share Website

The first and easiest way to renew Mero Share account online is by visiting their website. You can renew your MeroShare and Demat accounts from this website. In order to renew the account follow the steps given below:

1. Open the MeroShare website.
2. Login to your account by selecting your DP and entering your username and password.
3. Tap on ‘Mero Share Profile’ at the top right-hand corner of the dashboard.
4. Click on the tab that says ‘Renew Account’.
5. Choose the payment method you want to use.
6. Log in to the system that you selected and proceed with the payment.

So, by following these steps you will be able to renew the account using the Mero Share website.

Method 2: Renew the Account Using the Merchant Bank’s Website

If you open your Mero Share account through banks, you will be able to renew your account through their website as well. For example, if you opened your account from Global IME bank, you will able to renew the account from Global Capital Limited’s website. To do so, follow the steps below:

1. Open the website of the depository participant of the merchant bank.
2. Click on ‘Renew Mero Share’, ‘Mero Share Renewal’, or something similar.
3. Enter your details and click on ‘Submit’.
4. You will be redirected to the e-banking where you can proceed with the payment.

You will be able to renew your Mero Share account online by following these steps above. However, you can not use these methods for all banks. So, ensure that your bank provides this facility before following this method.

Method 3: Renew the Account Using Digital Wallets

You can also renew your Mero Share account online by using digital wallets. Wallets like eSewa, and Khalti provide you with a method to renew the account easily. To renew the account using your digital wallets follow the steps below:

1. Open the digital wallet of your choice like Khalti.
2. Tap on ‘Financial Services’.
3. Click on ‘DEMAT MeroShare’.
4. Choose where you have the DEMAT account.
5. Select your DP, enter username and password, and click on ‘Login’.
6. Proceed with the payment.

So, by following the steps above, you will be able to renew Mero Share account online using digital wallets.

Method 4: Renew the Account Using Mobile Banking

The next method to renew Mero Share account online is by using your mobile banking application. The apps provide the service under “Capital” or “Financial Market”. To renew your account follow the steps below:

1. Open your mobile banking app and log in to the system.
2. Click on ‘Capital’.
3. Select the capital where you have the DEMAT account.
4. Enter all the necessary information and click on ‘Proceed’ to complete the payment.

So, by following these steps you will be able to renew Mero Share online using mobile banking.

Method 5: Renew the Account Using Connect IPS

You can also renew Mero share account using Connect IPS. Before renewing the account with Connect IPS, you need to make sure that your bank account is linked. To renew Mero share account online using Connect IPS follow the steps below:

1. Open ConnectIPS and log in to the system.
2. Click on the Financial Institution option and then tap on ‘Capital Market’.
3. Select ‘Meroshare Fee’ for the renewal.
4. Enter all the required details including your DP provider, name, and others.
5. Tap on ‘Transfer’ and enter your OTP code to complete the process.

So, by following these steps above, you will be able to renew your account online using ConnectIPS.

Method 6: Renew the Account By Visiting the Bank’s Branch

If you do not have access to the Internet or mobile banking, you can renew your Mero Share account at a bank branch. Simply visit your bank branch and ask to renew your Mero Share account. You will need to bring your Mero Share ID and password with you. You will also need to pay the renewal fee in cash.

Conclusion

Renewing your Mero Share account is a simple process that can be done online or offline by visiting the bank branch. By following the steps outlined in this article, you can ensure that your account is always up-to-date and that you can continue to trade shares and participate in IPOs.

Frequently Asked Questions (FAQs)