In case you wish to apply for any of the IPOs through HDFC Bank NetBanking (via ASBA), this post is for you. 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.