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Bank has launched EMV chip based debit card
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The Debit Card offers at a glance.
ASBA- FREQUENTLY ASKED QUESTIONS
ASBA means "Application Supported by Blocked Amount". ASBA is an application containing an authorization to block the application money in the bank account (Saving Account and Current Account without Overdraft facility ) , for subscribing to an issue. If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized,
SCSB (Self Certified Syndicate Banks) is a bank, which is recognized as a bank capable of providing ASBA services to its customers.
Investors can apply in any public/ rights issues by using their bank account. Investor can submits the ASBA form at any branch of bank after filling the basic details viz. name of the applicant, PAN number, demat account number, bid quantity, bid price and other relevant details, by giving an instruction to block the amount in their account.
The bank will upload the details of the application in the bidding platform. Investors shall ensure that the details that are filled in the ASBA form are correct otherwise the form is liable to be rejected.
SEBI has been specifying the investors who can apply through ASBA. In public issues w.e.f. May 1, 2010 all the investors can apply through ASBA. Further from 01.01.2016, SEBI has made it complusory that Investors applying in a Public Issue shall use only ASBA.
Applying through ASBA facility has the following advantages:
NSE Link ASBA Form
BSE Link ASBA Form
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