Register For ASBA

ASBA Facility

ASBA means “Application Supported by Blocked Amount”. ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn/failed.

Fill in the details below to register for ASBA Facility,
Customer ID

Name

Mobile Number

Email ID

Nearest Branch



Note- All of the above mentioned fields are mandatory.

Advantage to an investor while applying through ASBA vis-à-vis applying through an application with a cheque

Applying through ASBA facility has the following advantages:

1. The investor need not pay the application money by cheque rather the investor submits ASBA which accompanies an authorization to block the bank account to the extent of the application money.

2. The investor does not have to bother about refunds, as in ASBA only that much money to the extent required for allotment of securities,is taken from the bank account only when his application is selected for allotment after the basis of allotment is finalized.

3. The investor continues to earn interest on the application money as the same remains in the bank account, which is not the case in other modes of payment.

Is it mandatory for investors eligible for ASBA, to apply through ASBA only?

No, it is not mandatory. An investor, who is eligible for ASBA, has the option of making application through ASBA or through the existing facility of applying with cheque.

Click here to view the List of Banks empanelled with us.