Application Supported by Blocked Amount Application Supported by Blocked Amount (ASBA)
An IPO application mechanism where your money stays in your bank until allotment. IPO आवेदन का एक mechanism जिसमें allotment तक पैसे आपके बैंक में ही रहते हैं।
Application Supported by Blocked Amount (ASBA) is the SEBI-mandated process for applying to IPOs and rights issues. Instead of transferring funds upfront, your bank blocks the application amount in your savings account. You continue to earn interest on it until allotment. If you receive a full allotment, only the exact amount is debited; any unallotted portion is released. ASBA applications are submitted through your bank's net-banking or a broker's UPI-based IPO interface linked to your bank account.
Application Supported by Blocked Amount (ASBA) IPOs और rights issues में apply करने की SEBI-mandated प्रक्रिया है। funds upfront transfer करने की बजाय बैंक आपके savings account में application amount block कर देता है। allotment होने तक आप उस पर ब्याज कमाते रहते हैं। पूरा allotment मिलने पर केवल उतनी ही राशि debit होती है; बाकी unallotted हिस्सा release कर दिया जाता है। ASBA applications आपके बैंक के net-banking या broker के UPI-based IPO interface के ज़रिये submit की जाती हैं।