Payment in IPO FAQs

Who are SCSBs(Self certified syndicate banks)and How do I find out if my bank allows me to apply for an IPO through the ASBA payment method?

Banks that are certified by SEBI allow retail investors to apply for IPO's using ASBA payment methods. They are called 'Self Certified Syndicate Banks' (SCSBs).

SCSB has the ability to block the IPO Application amount till IPO allotments have been made. SCSB guarantees the Issuer Company the money is not being used for other purposes.

Online bidding can be done through the internet banking website or in person at the branch. ASBA is not open to all branches. Check with your branch to find out if they have ASBA facilities to submit IPO applications.

SCSB receives an investor's IPO Application and electronically sends the bidding information.

After allotment, the Issue Company or the registrar for the IPO withdraw the money from the bank account. Investors can then unlock the remainder amount.

On SEBI, NSE, and BSE sites you can find a list of self-certified syndicate banks under the ASBA facility.

Lists of Self-Certified Syndicate Banks at SEBI

List Of Self-Certified Syndicate Banks on NSE

List Of Self-Certified Syndicate Banks on BSE

The complete list of ASBA IPO Payment Options approved by SEBI is available on the websites BSE (, NSE (, and SEBI's website (

In an IPO what is ASBA payment method?

What are the essential requirements to apply through ASBA payment method?

List down the process flow foe ASBA payment method.

I don't have a SCSBs bank account listed on SEBI Website. Can I still apply for IPO's with ASBA payment option for IPO?

If customers choose ASBA IPO Payment Options, will banks charge additional fees?

What is the bank's requirement to have money in customers accounts in order to lock ASBA payment option?

using ASBA method can an investor apply in lower price band?

Can an investor withdraw or cancel the IPO application (or bid) submitted through ASBA payment option via SCSB?

If I apply through 'Self Certified Syndicate Bank,' my money will be blocked, but it is in my savings account. Will I receive interest for that period of time?

How can I select the ASBA payment option when applying for an IPO Stocks through online portals or ICICI Direct?

At the time of applying for an IPO,do I need to pay any brokerage?