ASBA (Applications Supported by Blocked Amounts)
Apply for IPOs / Bonds through a seamless and hassle-free process
Key Features
Simple, safe and smart way to participate in Primary Market
ASBA is an application containing an authorization to block money in a Bank account, for subscribing to an IPO issue.
Other Benefits
Eligibility
- Applicant must be a resident retail individual investor having a Demat Account with Depository participants like NSDL – CDSL, along with a valid Permanent Account Number (PAN)
- Applicant must have a sufficiently clear credit balance (no overdraft) in his / her Account
- Applicant is bidding at cut-off, with the single option as to the number of shares bid for
- Applicant is applying through blocking of funds in an Account with SVC Bank
- Applicant has agreed not to revise his / her bid
- Applicant is not bidding under any of the reserved categories
To know more about application process & FAQs, click here
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