ASBA, or Application Supported by Blocked Amount, is a streamlined IPO application process mandated by SEBI. This method involves authorizing the blocking of application funds in your bank account for subscribing to an IPO. The blocked amount remains inaccessible for any other use, but you continue to earn interest on it.

For all investors looking to invest in an IPO, applying through ASBA is compulsory. When you opt for ASBA, the funds are debited from your bank account only if your application is successfully allotted. In case your application is not selected for allotment  or the IPO issue is withdrawn, the blocked amount is promptly unblocked in your bank account.

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