Kotak ASBA FACILITY

For steps on registering for ASBA thru Kotak Net Banking, click here

Kotak Bank ASBA Facility

At Kotak Mahindra Bank, we believe that every little thing matters. That's why we bring to you another powerful and convenient feature. Investing in IPO/FPO/Rights Issue is now simple and convenient through the new Kotak Bank ASBA (Application Supported by Blocked Amount) facility.

Benefits of applying through ASBA

Investors applying using the ASBA form reap the following benefits:

No loss of interest, since the application amount is not debited to the Savings Account on application

The amount for which no shares have been allotted is available immediately on completion of allotment process. There is no need to wait for the amount to be refunded by the company and be credited to the account

Since the amount is available in the account, it is considered for calculation of the Average Quarterly Balance (AQB)

Multiple bidding facility is available to the customer

Customer can revise/withdraw the bid before the end of the issue in the prescribed format with the Bank

How to Apply?

Complete the Beneficiary registration process over Net Banking or by submitting a registration form at the branch

Complete the Beneficiary Activation process (not required in case of physical form submitted at branch)

Apply for IPO/FPO/Rights Issue over Net Banking / Phone Banking

You can also apply for the IPO/FPO/Rights Issue by submitting an ASBA application form at the designated branch of Kotak Mahindra Bank. Please note that a separate ASBA application form is available for every public issue. Registration is mandatory if you wish to avail the facility over net banking or phone banking.

Eligibility

Any investor who satisfies the below conditions is eligible and can apply for shares under ASBA mode:

All Investor Categories (High Networth Individuals, Retail, Institutional Investors, Corporates, Promoters, etc.)

Holds a savings/current account with the Bank.

Has a valid PAN

To download the ASBA Form
BSE Link: http://www.bseindia.com/bookbuilding/newbookbuilding.asp?status=l&ir_flag=ipo

NSE Link: - http://www.nseindiaipo.com/issueforms/html/index.html

Kotak ASBA FACILITY

Easy to apply over Phone/Net Banking/thru Branch

Continue to enjoy TD/Savings Account returns on your Bid (blocked) amount

Place multiple bids and also apply for your family members through your Kotak Account

Option to revise/withdraw the bid

To register for ASBA,
fill in your details below

Full Name	Please enter your Name (only alphabets).
City	Please enter your City (only alphabets).
Pin Code	Please enter Pin Code (only Numeric).
Phone	Enter STD code for landline Please enter a valid Phone no. (at least 10 digits)
Email	Please enter valid Email ID.
Our City nearest to you:	Please Select City.
Our Location nearest to you:	Please select preffered Location.
If you hold a Kotak Bank Account, please fill in your CRN number: Please enter CRN (only Numeric).

I have a Kotak Bank Account and would like to hear from you to know more.