Kotak ASBA FACILITY
Want to register for Kotak Bank ASBA Facility ? 
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 Categories except Qualified Institutional Bidders (QIBs)
Holds a savings/current account with the Bank.
Has a valid PAN
Kotak ASBA FACILITY
Easy to apply over Phone / Net Banking
Continue to enjoy returns on your blocked amount
Place multiple bids
Option to revise/withdraw the bid
Apply online for ASBA Facility
