Depository Participants (DP) Service

A Depository Participant is, generally, a bank or financial institution, stock broker, registrar and transfer agent (RTA), who act as an agent of the depository who has received the registration certificate from the Security Board of Nepal and the membership license from CDSC.

A.BO/DEMAT Account:

There are two methods for opening BO/Dmat Account:
1.Online Demat Account opening: A request to open a Demat Account with Jyoti Capital Limited can be applied for online as well. For this
a.Visit the website …………………..of Jyoti Capital Limited.
b.Click on ‘open Demat Account’ tab and submit the following details
c.Name
d.Email ID
e.Mobile Number f.One-time password (OTP) that you will receive
g.City
h.You will receive communication from Jyoti Capital Limited to get in touch with you for completing the above mentioned formalities and opening a
Demat Account

2.By submitting Physical D-mat Account opening Form:

The following documents needs to be followed to open a DEMAT account:
∙Completely filled up DEMAT account application form with signature and thumbprints, sitemap of BO’s residence and bank account details.
∙Copy of NRN certificate in the case of Non-Residential Nepalese.
∙Copy of guardianship certificate in the case of minor.
∙Copy of Citizenship Certificate (both sides)
∙Passport Size Photo (Photo of both minor and guardian in case of a minor)

Do carry original copies of all for verification purposes. You will also need to give a cancelled cheque for dividend bank details.
∙You will then need to sign an agreement that will mention all the rules, regulations and rights associated with holding a Demat Account. Read them carefully and do not hesitate to clear all your doubts. When this is submitted to the DP, it will be signed by an authorized person and a copy of the same will be given to you.
∙ When the account is opened, you will receive a unique Depository Participant ID (DPID), and Client ID. This, along with other details, will help you get access to your Demat Account online.
∙You will also be given instruction slips by the DP, which will be of use for depository services like transfer, purchase, etc.

You must consider three factors before choosing a DP:
1. Technology and trading platforms offered by the DP

Ensure that your DP has a robust digital platform that facilitates seamless execution. Look for a DP that provides both online and physical account opening facilities

2. The reputation of the DP
It is always recommended that you select a DP that has a good market reputation. Opting for DPs with years of experience can go a long way, since they would already have the necessary expertise. Consider a DP that has a robust customer service platform and can resolve your concern quickly

3. The charges levied by the DP
An investor must consider the implications of all costs levied before choosing a DP. While many DPs offer free demat accounts, they levy a few other charges that can increase your expenses in the long term. As such, consider the charges levied by the DP and avoid selecting one that seems too good to be true.

In case you already have your demat account with a depository participant, but are unhappy with the services provided, you can always change your DP. You can simply close your demat account with your current DP and open another with a different DP.
The new DP can also assist you in transferring your securities from your former DPs platform.

A Demat account is vital for the following reasons:

∙Safety: If you have a Demat account, you don't have to worry loss of share/debenture/Mutual Fund certificates. ∙Convenience: A Demat account eliminates the hassle of maintaining a record of physical shares.

∙Accessibility: You can access your investment information from anywhere and at any point in time online via your Demat account.

∙Lower charges: The Demat account eliminates additional costs such as handling charges record keeping charge on physical share certificates.

∙Multiple securities: A Demat account doesn't merely support the equity share market but also holds other electronic financial instruments such as mutual
funds, and debt securities, enabling you to track and monitor all of your investments under a single roof.