Question

ASBA is an application containing an authorization to Self-Certified Syndicate Bank. What does B stand for in ASBA?

Q: Answer-ASBA is an application containing an authorization to Self-Certified Syndicate Bank. What does B sta...

Application Supported by Blocked Amount ASBA is an application made by an investor, containing an authorization to Self-Certified Syndicate Bank SCSB to block funds available in applicants Savings Bank Account or Current Account other than Overdraft or loan accounts, for subscribing to an Issue, to the extent of application money, till finalisation of allotment in the issue or till withdrawal failure of issue, or till withdrawal rejection of application, as the case may be.