ASBA-What is ASBA MEANS

ASBA (Application Supported by Blocked Amount) is an investor-friendly way to apply for any IPO / FPO / Bonds / Rights Issue. With ASBA, you can authorise us to block the application money in your Bank’s Savings Account, for investing in IPO, FPO, Rights Issue, Bonds and Debentures and continue earning interest on blocked amount. It is not necessary to have a Demat account with any broker for applying through ASBA. You can also apply if you have a Demat account with other entities.

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Author: gktoday

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