Benefits of ASBA :-
● The bank blocks the application money in customer account and customer continues earning interest on it.
● The facility of ASBA is free of cost and convenient.
● It has made the refund process transparent. If applicants aren’t allotted IPO shares, the SCSB
unblocks and release the money to your account.
● ASBA prevents the IPO issuer from using the funds before allotting the shares.
● Individuals can withdraw ASBA application until the issue is open for biding.
