Application Supported by Blocked Amount (ASBA) is an acronym for Application Supported by Blocked Amount. It’s a method of applying for public/rights issues by putting the money for the application in a bank account.
C-ASBA ensures that bank account numbers and DMAT account numbers are posted and verified centrally. It makes it easier for issue managers and share registrars to keep track of duplicate applications, cancel duplicate applications, and prepare a final report for securities allocation. Mero Share Application is a CDSC-developed online system that allows shareholders to apply for IPOs, FPOs, and rights issues after registering with C-ASBA.
The table below shows a list of commercial banks, as well as their ASBA fees per application.
ASBA Charge In Commercial Banks
|S.N.||COMMERCIAL BANKS||SYMBOL||ASBA Charge (Rs.)|
|1||Agriculture Development Bank Ltd.||ADBL||10|
|2||Bank of Kathmandu Ltd.||BOKL||10|
|3||Century Commercial Bank Ltd.||CCBL||25|
|4||Citizens Bank International Ltd.||CZBIL||20|
|5||Civil Bank Ltd.||CBL||10|
|6||Everest Bank Ltd.||EBL||20|
|7||Global IME Bank Ltd.||GBIME||Free|
|8||Himalayan Bank Ltd.||HBL||20|
|9||Kumari Bank Ltd.||KBL||10|
|10||Laxmi Bank Ltd.||LBL||25|
|11||Machhapuchchhre Bank Ltd.||MBL||10|
|12||Mega Bank Nepal Ltd.||MEGA||Free|
|13||Nabil Bank Ltd.||NABIL||Free|
|14||Nepal Bangladesh Bank Ltd.||NBB||Free|
|15||Nepal Bank Ltd.||NBL||25|
|16||Nepal Credit and Commerce Bank Ltd.||NCCB||Free|
|17||Nepal Investment Bank Ltd.||NIB||20|
|18||Nepal SBI Bank Ltd.||SBI||25|
|19||NIC Asia Bank Ltd.||NICA||Free|
|20||NMB Bank Ltd.||NMB||20|
|21||Prabhu Bank Ltd.||PRVU||1|
|22||Prime Commercial Bank Ltd.||PCBL||25|
|23||Rastriya Banijya Bank Ltd.||RBB||Free|
|24||Sanima Bank Ltd.||SANIMA||Free|
|25||Siddhartha Bank Ltd.||SBL||Free|
|26||Standard Chartered Bank Nepal Ltd.||SCB||100|
|27||Sunrise Bank Ltd.||SRBL||25|
Note: The ASBA charges are updated by the banks on a regular basis. As a result, the above figure may not be accurate at this time.