ASBA Services

• J&K Bank provides ASBA service to its customers through physical application at designated BUs and UPI. ASBA means “Application Supported by Blocked Amount”.
• ASBA is a mode of payment in public and rights issues, an authorization to block the application money in the bank account for IPO/FPO/Rights issue.
• Our Bank is registered as Self-Certified Syndicate Bank (SCSB) with SEBI for facilitating of Applications Supported by Blocked Amount (ASBA) across Designated Branches (DBs).

• SEBI has been specifying the investors who can apply through ASBA (refer FAQs).

• A valid PAN number
  • A Demat Account
• Apply through the blocking of funds in the bank account with self-certified Syndicate Banks.
• Adequate balance in your bank account (Saving or Current without Overdraft)

• The investor continues to earn interest on the application money which remains in the account.
• The ASBA eliminates the need to pay money via cheques and demand drafts.
• The ASBA facility is hassle-free and does not involve any cost.
• The investors need not worry about the refunds. In case there is no allotment of shares, the money is unblocked from your bank account for further use.
• The blocked amount is considered while calculating the Average Monthly Balance in the account.

• Click here to download

• NSE Link ASBA Form
• BSE Link ASBA Form

• SEBI’s FAQs on ASBA service

For applying for IPOs, contact your nearest J&K Bank branch.