ASBA (Application Supported by Blocked Amount) Facility

Bank has started a supplementary & new facility "Application Supported by Blocked Amount (ASBA)" process for applying in IPO/ FPO/ Right Issues where fund in the investor’s Bank account is blocked to the extent of application amount by marking lien at the time of subscribing in public issues. On allotment of equity shares, corresponding amount is remitted to the issuer’s account and lien is removed on the balance amount, if any. ASBA facility is offered to the SB/CT account holders of the Bank only through more than 467 Designated Branches of the Bank at various locations. ASBA physical form can be obtained from these designated Branches or may be downloaded from NSE website by clicking on ASBA e-forms under Key Links and can be submitted to any of the Designated Branches. List of Designated Branches is available on Bank’s website. It is pertinent to mention that SEBI has recently increased the maximum investment limit to Rs. 2 lac for individual category investors.

Click to view list of Designated Branches under ASBA Process