List of 30+ Banks in Nepal with their C-ASBA Charge Including Free

Application Supported by Blocked Amount (ASBA) is a process for applying to public/rights issues submitted by investors by blocking the application money in their bank account while subscribing to the issue.

C-ASBA will ensure centralized posting and verification of bank account numbers and DMAT account numbers ease monitoring of double application for issue managers and share registrars, cancellation of application upon double applications and prepare a final report for securities allocation.

Mero Share application is the on-line system developed by CDSC through which the shareholders can apply application for IPO/FPO/Rights issues once they are registered through C-ASBA.

C-ASBA is provided by (almost every) Banks in Nepal from all over its branches inside and outside Kathmandu. To avail the facility, just fill up the C-ASBA registration form and submit to (your) any nearest (Bank) branches.

Banks Offering Free ASBA Services

Several banks in Nepal provide ASBA services without any charges. Here are some of the leading banks offering free ASBA services:

• Siddhartha Bank Limited
• Nabil Bank Limited
• Rastriya Banijya Bank Limited
• NMB Bank Limited
• Green Development Bank

Why Choose a Bank with Free ASBA Services?

Choosing a bank that offers free ASBA services can provide the following benefits:

• Cost Savings: Investors can save on ASBA charges, especially those who frequently apply for IPOs.
• Convenience: Most banks with free ASBA services also offer online IPO application facilities, making the process seamless.
• Security: The blocked amount remains in the applicant’s account until shares are allotted, ensuring financial security.

These banks allow their customers to apply for IPOs without incurring additional charges, making the investment process more cost-effective.

Here are the list of Banks in Nepal with their C-ASBA service charge per application.

List of Banks in Nepal with C-ASBA application charges (per application)

Symbol	Bank Name	ASBA Charge (RS.)
ADBL	Agricultural Devleopment Bank Limited	Rs. 5
CBL	Civil Bank Limited	Rs. 5
CCBL	Century Commercial Bank Limited	Rs. 5
CZBIL	Citizen Bank Limited	Rs. 5
EBL	Everest Bank Limited	Rs. 5
GBIME	Global IME Bank Limited	Rs. 5
HBL	Himalayan Bank Limited	Rs. 5
KBL	Kumari Bank Limited	Rs. 5
LBL	Laxmi Bank Limited	Rs. 5
MBL	Machhapuchhre Bank Limited	Rs. 5
MEGA	Mega Bank Limited	Rs. 5
NABIL	Nabil Bank Limited	Free
NBL	Nepal Bank	Rs. 5
NCCB	Nepal Credit And Commercial Bank	Rs. 5
NIB	Nepal Investment Bank	Rs. 5
NICA	NIC Asia Bank	Rs. 5
NMB	NMB Bank	Free
PCBL	Prime Commercial Bank	Rs. 5
PRVU	Prabhu Bank	Rs. 5
RBB	Rastriya Banijya Bank	Free
SANIMA	Sanima Bank	Rs. 5
SBI	Nepal SBI Bank	Rs. 5
SBL	Siddhartha Bank	Rs. 10
SCB	Standard Chartered Bank	Rs. 5
SRBL	Sunrise Bank Limited	Rs. 5

Read More: List of SWIFT Code for Banks in Nepal

Symbol	Others	Charge (in rupees)
MNBBL	Muktinath Bikas Bank Limited	Rs. 5
MLBL	Mahalaxmi Bikas Bank Limited	Rs. 5
GBBL	Garima Bikas Bank Limited	Rs. 5
ICFC	ICFC Finance Limited	Rs. 5

Note:The banks change/update the ASBA charges every now and then. Consequently, the above sum may vary at current.

Also:All In One Share Market Knowledge