No. the entire bank account will not be blocked. Only the amount to the extent of application money authorized in the ASBA will be blocked in the bank account. The balance money, if any, in the account can still be used for other purposes.
Learn MoreYes, you can withdraw ASBA bids. During the bidding period you can approach the same bank to which you had submitted the ASBA and request for withdrawal through a duly signed letter citing your application number, TRS number, if any. After the bid closure period, you may send your withdrawal request to the Registrars before …
Learn MoreInvestor is requested to check the form carefully. In case of public issue, the application form for ASBA will be different from the existing application form for public issues. The application forms will be available with designated branches of SCSB. In case of rights issue, there will not be a separate form for ASBA. The …
Learn MoreNo, you can either fill up the physical ASBA form available with SCSB and submit the same to the SCSB or apply electronically/online through the internet banking facility (if provided by your SCSB).
Learn MoreFive (5) applications can be made from a bank account per issue.
Learn MoreNo, ASBA can be submitted to the SCSB with which the investor is holding the bank account.
Learn MoreSCSB is a bank which is recognized as a bank capable of providing ASBA services to its customers. Names of such banks would appear in the list available on the website of SEBI. [Also see answer to question (6)]
Learn MoreList of Self Certified Syndicate Banks (SCSBs) and their designed branches i.e. branches where ASBA application form can be submitted, is available on the websites of BSE ( www.bseindia.com ) and NSE ( www.nseindia.com ) and on the website of SEBI ( www.sebi.gov.in ). The list of SCSB would also be given in the ASBA …
Learn MoreYes, you can make application through ASBA facility in all the issues i.e. public and rights.
Learn MoreNo, 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.
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