You will need a bank account first and foremost. So if you haven't made one, go choose a bank or financial institution. You should choose a bank preferably with a good reputation and customer service. They should be C-ASBA approved and it would be helpful if they have the option to self-verify in connectIPS.
Sanima Bank has a 3 in 1 account which basically opens a bank account, investment, and DEMAT account at once.
A Demat account is an account to hold your shares in. Most of the banks have their own subsidiary capital which can make the account for you or you could go to any other licensed Depository Participants(DP) to make one. Having a bank and DEMAT account in the same bank will provide ease in the future. You will need a photocopy of your citizenship(nagarikta) and a passport size photo too. There are also some banks that provide the online application so check it out if the bank has that option.
You will receive your "DP ID" and "Client ID" which is also known as "BOID" in your email in a few days.
*Yes, you can make up to only two DEMAT accounts but you will not really require two DEMATs, so don't go through the hassle to make two.
ASBA is an "application supported by blocked amount." It is a system of withholding an amount equal to the value of securities applied by the investor from their bank account. C-ABSA is the more centralized and efficient system of it.
C-ASBA is required for primary market, if you are selling shares only, you require a broker account only.
Make sure you have a DEMAT account first. You will then need to fill up a C-ASBA registration form and submit it to the bank. Upon doing so, you will get a CRN number soon. A CRN number is "C-ASBA registration number". It allows issue managers to easily verify your details when you apply for a share.
The CRN number is important for when you use meroshare service.
If you have been already given your CRN number but don't know what it is, you check through the meroshare website. Follow this tutorial: https://www.youtube.com/watch?v=14q9HzIXHpY
Meroshare is an online platform where you can invest in your shares at home. It only cost NRs.50 per year. Through this facility, you can apply for IPOs, FPOs, Right shares. Also, there is an EDIS facility where you can transfer your shares to the broker when you sell them.
You will have to go to the bank to fill up the form and you will require an email address to receive your login id and password. When you log in for the first time, you will have to change your password.
1.Get a bank account.
2.Then a Demat account and CRN number.
3.After which you apply for meroshare service.
So in total, you should have filled up at least four forms. Prepare passport-size photos and copies of nagarikta for verification as well. Some of the steps will require days of waiting but if it exceeds the time frame do not hesitate to contact your bank or DP.