ASBA - Application Supported by Blocked Amount

ASBA is an application containing authorisation to block the application money in the bank account, for subscribing to an issue. Under ASBA application, money will be debited from the bank account of the applicant only if his application is selected for allotment and that also to the extent of amount corresponding to allotted quantity.

  • Simple & convenient facility of investing in IPO
  • Earn interest on Saving account
  • No need for payment through Cheque
  • Instant release / unblocking of funds after allotment / non-allotment of shares.
  • All investors except Qualified Institutional Buyers (QIBs) are eligible to apply through ASBA in public issues.
  • The investor holding Savings/Current Account can apply for IPO through ASBA.
  • The investor should have a Demat account with any Depository Participant of either CDSL or NSDL.
  • The investor should have PAN.
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