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National Identity Card Number Mandatory for Demat Accounts from June 15

A crucial update for stock market investors! Starting June 15, 2026 (Asar 1, 2083), it is mandatory to provide your National Identity Card (NID) number when opening a new Demat account or updating your existing account details. CDSC has officially directed all Depository Participants (DPs) to enforce this rule.

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National Identity Card Number Mandatory for Demat Accounts from June 15

CDS and Clearing Limited (CDSC) has introduced a mandatory requirement linking Demat accounts with the National Identity Card (NID) number, a move aimed at enhancing transparency and centralizing investor data in the Nepalese capital market. As per CDSC's decision on Jeth 13, 2083, investors must provide their NID number for any new account openings or KYC profile updates beginning June 15, 2026. This follows an earlier directive from Phagun 2082 that tasked Depository Participants with updating their back-office systems. The directive, signed by CDSC's Senior IT Officer Kishor Prasad Bhatta, has also been forwarded to the Securities Board of Nepal (SEBON) for regulatory oversight.

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