Citizens Bank Intl Ltd has been providing ASBA (Application Supported by Blocked Amount) service to its customers since January, 2017. Through ASBA, you can apply for shares during Initial Public Offering (IPO), Further Public Offer (FPO) or Mutual Fund, through your bank account. As per the application submitted by you, your money gets blocked in the account until the allotment of the shares. The amount as per the allotment is debited from your bank account only after the allotment process. You will continue to earn regular interest in the amount held in the account during the time frame.
Citizens Bank Intl Ltd provides ASBA services from all of its branches throughout the country, charges Rs. 20 only. The service is also available online.
(Click here for ASBA Login)