How to apply for IPO via Federal Bank NetBanking (ASBA)

How to apply for IPO via Federal Bank NetBanking (ASBA)

IPO

This post is for you, in case, you wish to apply for IPO via Federal Bank NetBanking (ASBA). Your respective bank will have the corresponding ASBA section.

ASBA stands for Application Supported by Blocked Amounts. This system ensures that the amount needed to apply for an IPO is blocked in the selected savings account, without being debited. Only in the scenario of allotment is the amount finally debited.

So, here’s the process:

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IMPORTANT: In case this is the first time, using this facility, you will have to register your Demat account details by clicking the “ASBA Registration” button. This is only a one-time activity. Futhermore, when using ASBA subsequently, you will not have to undergo the ASBA registration. 

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Conclusion:

You have now successfully applied for the IPO through the Federal Bank ASBA online application method. Refer this post to check allotment status for the applied IPO.

Additional Resources:

3 Responses to "How to apply for IPO via Federal Bank NetBanking (ASBA)"

  1. Shelina Dhanani   October 9, 2017 at 5:49 pm

    Registered with ASBA but unable to apply.As I click on ASBA form status shows Session expires

  2. Jimmy Pudussery   October 25, 2017 at 8:55 pm

    @Shelina, not sure why the session expires. One reason could be if you spend a lot of time on the ASBA page. Normal timeout that happens in most secure websites. One solution would be to complete the application without spending too much time on the page, and risking the timeout.

  3. Pingback: Check IPO Allotment Status for Indian IPOs - LaughingQuill

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