To qualify for the ASBA (Applications Supported by Blocked Amount) process, you must meet the following requirements: - Indian Residency: You must be an Indian residential investor.
- PAN Card: A valid PAN card is mandatory.
- Demat Account: You should have an active Demat account.
- Sufficient Bank Balance: Ensure adequate funds in your bank account to cover the application amount.
- Bank Account with SCSB: You must hold a bank account with a Self-Certified Syndicate Bank (SCSB).
- No Reserved Categories: You should not apply under any reserved categories.
- Agreement to Terms: You must agree to the terms and conditions, including not altering your bid.
- Cut-Off Bidding: You can only bid at the cut-off, meaning you choose a single option for the number of shares to bid.
|