ASBA - Application supported by Blocked Amount - enables investors to apply for IPO/FPO/NFO issues without making immediate payment. The application amount is “Blocked” in investor’s Bank account and is released in a proportionate amount on allotment of shares.
It is simple, instant, secure and available 24x7.
All our Baroda Connect customers (net banking users) having transaction rights are eligible to utilize the ASBA Online facility
Bank of Baroda introduces yet another new functionality for the benefit of the internet banking users having transaction rights - ASBA.
Under this functionality, any internet banking user can make application for IPO subscription for any company. The functionality is user friendly and simple and available 24x7.
For using the ASBA functionality through internet, user should
Users to register (create) once the Investor details such as Investor name, Depository detail, DP ID, Client ID, PAN No. (This is a one time creation and can be used for all future subscription to IPO/NFO etc.). The investor creation in the menu will save time at the time of subscribing in future issues and would also avoid any omission or typographical mistakes that usually reject applications.
User can also view all the subscribed IPO made through internet banking anytime for any date range.