ASBA (Applications Supported by Blocked Amount)

ASBA (Applications Supported by Blocked Amount)

ASBA is an application containing an authorization to block the application money in the bank account of the subscriber for subscribing to a public 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. The investor can generate e-ASBA form from NSE website for any issue. Investor may submit application form to his trading member or to a Self certified Syndicate Bank (SCSB). SCSB is a bank which is recognized as a bank capable of providing ASBA services to its customers.