ASBA enables our customers to apply for IPO/FPO and rights issues without making any payment. Instead the amount is blocked in customers account with us and only an amount proportionate to the shares allotted is debited at the finalization of the allotment. The customers earn interest for the blocked amount during the application process period.
ALL BRANCHES OF SOUTH INDIAN BANK ARE ‘DESIGNATED BRANCHES’ FOR ASBA.
Nodal Officer details
ASBA- User Guide