Depositiry Services

ATTENTION INVESTORS:No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account

ASBA (Application Supported by Blocked Amount) Facility

Bank has started a supplementary & new facility “Application Supported by Blocked Amount (ASBA)” process for applying in IPO/ FPO/ Right Issues where fund in the investor’s Bank account is blocked to the extent of application amount by marking lien at the time of subscribing in public issues. On allotment of equity shares, corresponding amount is remitted to the issuer’s account and lien is removed on the balance amount, if any. ASBA facility is offered to the SB/CT account holders of the Bank through all the Branches of the Bank at various locations. ASBA physical form can be obtained from NSE/BSE website by clicking on ASBA e-forms under Key Links and can be submitted to any of the Branches.

Click here to download FAQs on ASBA