Application Supported by Blocked Amount (ASBA)

Application Supported by Blocked Amount (ASBA)


The Scheme ASBA (Application Supported by Blocked Amount) is a process for applying to public/rights issues submitted by investors by blocking the application money in their bank accounts while subscribing to the issue.





Did You Know ?
Did You Know

Earn Interests

Earn interest on your application money till allotment of units.

Old Techniques Eliminated

Writing of cheques and purchase of DD is completely eliminated.

Facilities

ASBA facility in Federal Bank is available to all investors banking with us