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.
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. 10|
|BOKL||Bank Of Kathmandu Limited||Free|
|CBL||Civil Bank Limited||Rs. 10|
|CCBL||Century Commercial Bank Limited||Free|
|CZBIL||Citizen Bank Limited||Rs. 20|
|EBL||Everest Bank Limited||Rs. 20|
|GBIME||Global IME Bank Limited||Free|
|HBL||Himalayan Bank Limited||Free|
|KBL||Kumari Bank Limited||Rs. 20|
|LBL||Laxmi Bank Limited||Rs. 25|
|MBL||Machhapuchhre Bank Limited||Rs. 10|
|MEGA||Mega Bank Limited||Free|
|NABIL||Nabil Bank Limited||Free|
|NBB||Nepal Bangladesh Bank||Free|
|NBL||Nepal Bank||Rs. 25|
|NCCB||Nepal Credit And Commercial Bank||Free|
|NIB||Nepal Investment Bank||Rs. 20|
|NICA||NIC Asia Bank||Free|
|NMB||NMB Bank||Rs. 20|
|PCBL||Prime Commercial Bank||Rs. 25|
|PRVU||Prabhu Bank||Rs. 10|
|RBB||Rastriya Banijya Bank||Free|
|SBI||Nepal SBI Bank||Rs. 25|
|SCB||Standard Chartered Bank||Rs. 100|
|SRBL||Sunrise Bank Limited||Rs. 10|
Read More: List of SWIFT Code for Banks in Nepal
|Symbol||Others||Charge (in rupees)|
|MNBBL||Muktinath Bikas Bank Limited||Rs. 10|
|MLBL||Mahalaxmi Bikas Bank Limited||Rs. 10|
|GBBL||Garima Bikas Bank Limited||Free|
|ICFC||ICFC Finance Limited||Rs. 25|
Note:The banks change/update the ASBA charges every now and then. Consequently, the above sum may vary at current.
Which Banks in Nepal Offer Free ASBA?
The following Nepali Commercial Banks are Offering free ASBA service in Nepal.
Agriculture Development Bank
Bank Of Kathmandu Limited
Century Commercial Bank
Global IME Bank Limited
Himalayan Bank Limited
Machhapuchchhre Bank Limited
Mega Bank Limited
Nabil Bank Limited
Nepal Bangladesh Bank Limited
NCC Bank Limited
NIC Asia Bank Limited
NMB Bank Limited
Prime Commercial Bank Limited
Rastriya Banijya Bank Limited
Sanima Bank Limited
Siddharth Bank Limited
What is ASBA?
The full form of ASBA is Application Supported by Blocked Amount. In this service, Bank blocks certain money on your Bank account as per customers requirement.