Bank ASBA via NetBanking for IPO applications in India

Mon, 11 May 2026 00:00:00 +0000

Bank ASBA via NetBanking is the method of applying for an Initial Public Offering (IPO) directly through the Internet banking portal of a Self Certified Syndicate Bank (SCSB), bypassing a stockbroker entirely. Under this route, the applicant logs into the bank’s NetBanking interface, navigates to the IPO or public issues section, enters bid details (issuer, quantity, price or cut-off), and the bank immediately blocks the application amount in the applicant’s bank account under the ASBA (Application Supported by Blocked Amount) mechanism. No stockbroker or UPI ID is required; the bank acts as both the SCSB and the applicant’s account custodian.

NetBanking on WebNotes

Bank ASBA via NetBanking for IPO applications in India