• The investor need not pay the application money by cheque rather block his / her bank account to the extent of the application money, thus continue to earn interest on application money. 
• The investor does not have to bother about refunds, as in ASBA only an amount proportionate to the securities allotted is taken from the bank account when his / her application is selected for allotment after the basis of allotment is finalised. 
• The application form is simpler.
• The investor deals with the known intermediary i.e. his or her own bank. 
• No loss of interest, since the application amount is not debited to the savings account on application. 
• Since the amount is available in the account, it is considered for calculation of the Average Quarterly Balance (AQB). 
• Customer can revise / withdraw the bid before the end of the Issue in the prescribed format with the Bank.

SEBI has been specifying the investors who can apply through ASBA.

In public issues with effect from May 01, 2010 all the investors can apply through ASBA.

In rights issues, all shareholders of the company as on record date are permitted to use ASBA for making applications provided he/she/it:

• is holding shares in dematerialised form and has applied for entitlements or
• has additional shares in the issue in dematerialised form;
• has not renounced its entitlements in full or in part;
• is not a renouncee;

who is applying through blocking of funds in a bank account with the ‘Self Certified Syndicate’ Bank.

An “ASBA investors”, at the time of submitting ASBA application should provide correct information related to

• PAN 
• DP ID 
• Client ID 
• Bid quantity 
• Bank account number

Please click here for FAQS on ASBA

Please click here to view ASBA Enabled Branch list