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Applications Supported by Blocked Amount

About ASBA

ASBA is an application mechanism that allows you to authorize your bank to block the application money for subscribing to public issues within your Savings Account. The application money gets unblocked in case of non-allotment. Application money is debited from the bank account only if application is selected for allotment after the basis of allotment is finalized. Under ASBA, funds blocked in the account will continue to earn interest during the application processing period, if held in an interest-bearing account.


To be eligible for the ASBA facility, there is certain eligibility criteria:

  • The applicant should be a resident of India.
  • The applicant must have valid PAN Card along with a Demat and trading account.
  • The applicant should have sufficient funds in their bank account to cover the bid amount.
  • The applicant should not bid under any of the reserved categories.

Features of ASBA

Provides an alternative mode of payment: The applicant need not pay the application money by cheque rather block the Bank account to the extent of the application money.

Security of Funds: A secure fund mechanism is available and there is no possibility of loss of funds.

Free of cost: This facility does not require any additional cost.

Auto-Credit facility: In case of successful subscription of shares, amount is credited automatically to the Demat account.

Benefits of ASBA

  • Amount proportionate to the securities allotted is taken from the bank account when application is selected for allotment after the basis of allotment is finalized, so the investor does not have to worry about refunds.
  • ASBA allows the application money to remain blocked in your account and not get debited until shares are allotted to you. In case of non-allotment, the amount in your bank account will be unblocked automatically. This will be done upon receipt of information from the registrar of the issue.
  • There is no loss of interest, since the application amount is not debited from the Bank account on application.
  • On applying for an IPO, entire bank balance is not blocked, only an amount equivalent to the application money is blocked in bank account. The balance amount can be used.

Certification For ASBA Services

Capital Small Finance Bank is recognized by SEBI as a bank which is capable to provide ASBA services to customers. SEBI website enlists the names of such banks and their branches and updates it regularly.

How to apply for ASBA ?

Visit your nearest branch: To begin the process, bring your KYC documents and passport-sized photographs to your nearest branch. You can fill out the application form at the branch to get started.

Customer Care: Call us at 1800 120 1600, one of our representatives will get in touch with you.

Email: Mail us as at lead@capitalbank.co.in with your Name, Contact Number, Address & Message. One of our representatives will get in touch with you.


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