When your application is accepted for IPO, some banks deduct a small amount as ASBA charge. Most of the Banks do not take ASBA charge. But some banks
What is the meaning of ASBA and C-ASBA?
Application
Supported by Blocked Amount (ASBA) is a process for applying to
public/rights issues submitted by investors by blocking the application money
in their bank account while subscribing to the issue. Centralized – Applications Supported by Blocked Amount(C-ASBA) will
ensure centralized posting and verification of bank account numbers and DMAT
account numbers ease monitoring of double application for issue managers and
share registrars, cancellation of application upon double applications and
prepare a final report for securities allocation. Mero Share application is the
on-line system developed by CDSC through which the shareholders can apply
application for IPO/FPO/Rights issues once they are registered through C-ASBA.
When your application is accepted for IPO, some banks deduct a
small amount as ASBA charge. Most of the Banks do not take ASBA charge. But
some banks deduct the amount as service charge for blocking the amount till the
result of allotment published.
Why bank deduct ASBA / C-ASBA charge?
Bank debit certain amount from your account as the service charge for blocking the amount required for applied share on IPO.ASBA/C-ASBA Charges of Commercial Banks in Nepal
ASBA/C-ASBA Charges of Commercial Banks in Nepal
Symbol | Bank Name | Charge (in rupees) |
---|---|---|
ADBL | Agricultural Devleopment Bank | Rs. 10 |
BOKL | Bank Of Kathmandu | Free |
CBL | Civil Bank | Rs. 10 |
CCBL | Century Commercial Bank | Free |
CZBIL | Citizen Bank | Rs. 20 |
EBL | Everest Bank | Rs. 20 |
GBIME | Global IME Bank | Free |
HBL | Himalayan Bank | Free |
KBL | Kumari Bank | Rs. 20 |
LBL | Laxmi Bank | Rs. 25 |
MBL | Machhapuchhre Bank | Rs. 10 |
MEGA | Mega Bank | Free |
NABIL | Nabil Bank | Free |
NBB | Nepal Bangladesh Bank | Free |
NBL | Nepal Bank | Rs. 25 |
NCCB | Nepal Credit And Commercial Bank | Free |
NIB | Nepal Investment Bank | Rs. 20 |
NICA | NIC Asia Bank | Free |
NMB | NMB Bank | Rs. 20 |
PCBL | Prime Commercial Bank | Rs. 25 |
PRVU | Prabhu Bank | Rs. 10 |
RBB | Rastriya Banijya Bank | Free |
SANIMA | Sanima Bank | Free |
SBI | Nepal SBI Bank | Rs. 25 |
SBL | Siddhartha Bank | Free |
SCB | Standard Chartered Bank | Rs. 100 |
SRBL | Sunrise Bank | Rs. 10 |
COMMENTS