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Share transaction payments on Digital, No check transactions now

Aug Mon 2020 09:19:47

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Share transaction payments on Digital, No check transactions now

Kathmandu: Now, the trading of shares will be done only through the transparent online system.

As soon as the injunction was issued in Kathmandu Valley, the Nepal Stock Brokers Association has urged the investors to pay the amount for the purchase of shares electronically.

Considering the risk of corona virus infection, the Nepal Securities Board (NSB) has instructed to make the market online friendly by exchanging money through electronic means and the broker has said that he will no longer do check transactions while clearing the share transaction amount.

Similarly, all investors have been requested to pay for the purchase of shares through Mobile Banking, Internet Banking, Connect IPS of NCHL.

Stating that a large number of transactions are being done through checks at present, the Brokers Association has requested the investors to transact only through electronic means from now on.

The association has also requested the investors to update the bank account details and make arrangements to take the money online.

The association has also urged the brokers to make payments in advance and after the purchase of securities only through electronic means.

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