Our Bank is SEBI approved SCSB (Self Certified Syndicate Banker) and provide ‘ASBA’ facility to our account holders through our all
This facility is made available to the holders of savings account, current account, FDOD accounts, Cash Credit. against shares and Cash Credit against Govt. Securities.
Investors can apply in any public/ rights issues by using their bank account. Investor submits the ASBA form after filling the details like name of the applicant, PAN number, demat account number, bid quantity, bid price and other relevant details, to any of the designated branches mentioned above by giving an instruction to block the amount in their account.
ASBA facility is also extended to the applications made through ‘Syndicate Members’. Applications routed through ‘Syndicate Members’ can be processed by our Bank if the applicants maintain Bank account with our Bank.
Maximum Five (5) applications can be made from a bank account per issue.
