Kotak ASBA Facility
No more long queues. No more filling up multiple documents.
Be it an article you were reading, a product you were exploring or a journey you left unfinished, starting from where you left off is simpler than you can imagine. Just register for ‘Everything Me’ using any of your social media accounts and you are all set.
Please note, this is a soft login and no personal financial data will be saved here for security reasons.
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Enjoy continued TD/Savings Account returns on Bid (blocked) amount
Place multiple bids and also apply for your family members through your Kotak Account
No loss of interest, since the application amount is not debited to the Savings Account on application
Since the amount is available in the account, it is considered for calculation of the Average Quarterly Balance (AQB)
*Please refer Eligibility section of the product for further details.
ASBA is “Application Supported by Blocked Amount”. It is an application that can be used by an investor subscribing in IPO/FPO/Rights shares and acts as an authorisation to block the application money in the bank account.
Investors applying using the ASBA form reap the following benefits:
When applied using the ASBA form, the investors would not have to pay the money during IPO application. The amount would be retained in the investor's bank account and blocked for the IPO application.
ASBA can be opened with a Self Certified Syndicate Bank (SCSB) as per SEBI guidelines. Not all banks are enlisted as SCSB. Kotak Mahindra Bank is an SCSB.
Please refer to below information.
Keeping investment plans on hold, because you are unfamiliar with the terms?