How to apply for IPO via HDFC Bank NetBanking (ASBA)
This post is for you, in case, you wish to apply for IPO via HDFC 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:
Go to the HDFC NetBanking URL and login.