ASBA for IPO
Make IPO investing EASY with ASBA!
Catholic Syrian Bank now offers ASBA (Applications Supported by Blocked Amount). You can now apply for an IPO on BSE using your CSB bank account. No need to write a cheque and all that you need to do is to handover the ASBA application at any CSB branch or login to your CSB Net Banking account and select ASBA.
Using the ASBA process, CSB will accept the IPO applications, verify the application with account details, block the fund to the extent of bid amount, upload the details in the web based bidding system of BSE and unblock the amount once the basis of allotment is finalized and transfer the amount for allotted shares to the issuer.
Investing in an IPO truly becomes easy with ASBA as your application money will be debited only if your application is selected for allotment and you continue to earn interest in SB account until the payout date.
Please note that it is mandatory to apply through ASBA (Application supported by blocked amount) for participating in IPO/FPO/Rights Issue.
Click here for FAQs.
To know more, call 1800 266 9090 or walk-in to your nearest CSB Branch.