ASBA Services

  • J&K Bank provides ASBA service to its customers through physical application at designated BUs and UPI. ASBA means “Application Supported by Blocked Amount”.
  • ASBA is a mode of payment in public and rights issues, an authorization to block the application money in the bank account for IPO/FPO/Rights issue.
  • Our Bank is registered as Self-Certified Syndicate Bank (SCSB) with SEBI for facilitating of Applications Supported by Blocked Amount (ASBA) across Designated Branches (DBs).

    • Eligibility

  • SEBI has been specifying the investors who can apply through ASBA (refer FAQs).

    • Requirements for retail investors

  • A valid PAN number
  • A Demat Account
    •
  • Apply through the blocking of funds in the bank account with self-certified Syndicate Banks.
  • Adequate balance in your bank account (Saving or Current without Overdraft)

    • Benefits of applying through ASBA

  • The investor continues to earn interest on the application money which remains in the account.
  • The ASBA eliminates the need to pay money via cheques and demand drafts.
  • The ASBA facility is hassle-free and does not involve any cost.
  • The investors need not worry about the refunds. In case there is no allotment of shares, the money is unblocked from your bank account for further use.
  • The blocked amount is considered while calculating the Average Monthly Balance in the account.

    • List of Designated BU's

    Download ASBA Forms

    FAQs

  • SEBI’s FAQs on ASBA service

    • For applying for IPOs, contact your nearest J&K Bank branch.

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