Mero Share’s interface is familiar to anyone who uses the program quite often. One message, however, may read, “BO Level Frozen for Debit“. I will now explain how to solve this problem in Mero Share in this article.
What does BO Level Frozen for Debit mean?
When your DEMAT account has expired, you’ll get the message “BO Level Frozen for Debit”. It is possible to buy shares but not to sell them in this scenario. There is a message simply informing beneficiary owners that they may only credit shares, but not credit the shares themselves.
As shown in the photo above, all of your shares will be in the “Freeze Balance” if your DEMAT account is expired. Accounts should have an ACTIVE status to allow free trades.
Frozen BO levels for debit – how to solve?
You do not need to perform any actions to fix the Error “BO Level Frozen for Debit”. DEMAT accounts can be renewed in two different ways. Renewing in either cash or online is possible. Use eSewa, Khalti, or connect-IPS to pay for renewal online.
Renewal of Mero Share demat account
1. Sign in to Mero Share
2. Right-click your name to access your profile
3. The “Renew” button can be found in the screenshot above
4. Pay using the method of your choice
5. Demat and Mero Share can be renewed at the same time. This can either be renewed separately or together.
Demat Renewal and Mero Share
In Nepal, how much is DEMAT?
New DEMAT accounts are opened for Rs. 50 with Depository Participants (DP). DEMAT renewal fees are Rs. 100 per year for Beneficiary Owners. Following is a list of the fees charged by DP for different purposes.
Fees for Depository Participants (DPs)
“How To Renew DEMAT Online” Video Guide in Nepal
Your DEMAT can also be renewed automatically by the bank. In this case, you will have to fill out an automatic renewal form with your bank so that your account will automatically be debited every year. Renewal hassles shouldn’t be hassled with.
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What is the procedure for opening a DEMAT account in Nepal?
Questions & Answers
What should I do to unfreeze my Demat account?
Demat accounts can be unfrozen by paying the renewal fee to your Depository Participant. Paying for a Demat account renewal is simple, you can use wallets like eSewa, Khalti, IME Pay, or Connect IPS, or you can pay in person at the bank.
How does Mero share’s freeze balance work?
Mero Shares that are frozen cannot be deducted from your account. Shares will be in freeze balance if your Demat account has expired.
My Mero share account is not working. What should I do?
Mero Share account can be accessed through the official website https://meroshare.cdsc.com.np/ as well as a mobile app.
What is the password for Mero Share?
The depository participant can give you a Mero Share ID and password. Forms must be filled out and submitted to respective departments. Brokerage offices or bank capital can be defined as DPs.
The account needs to be closed, but it isn’t?
Trading accounts and Demat accounts remain unused if they are not closed. A new account cannot be opened without the first one being closed. Demat and trading accounts can only be used by one person.
Is it possible to close a Demat account automatically?
It is not possible to close the Demat account manually by the beneficiary owner (BO).
Is it possible to automatically renew a Demat account?
There is no charge to renew your Demat account automatically unless you have activated that service through your respective bank. Renewal fees can be paid in advance, however. eSewa, Khalti, IMEPay, ConnectIPS, etc. are some of the options.