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United Bank of India is committed to continuously enrich its offerings with up-to-date services, leveraging its advanced technology platform to provide maximum convenience to its customers.
As a SEBI enlisted “Self Certified Syndicate Bank” (SCSB), an additional mode for applying in IPO / FPO / Right Issues/ Mutual Funds has been made available to our valued customers in the form of Application Supported by Blocked Amount (ASBA). The product is called ‘UNITED-ASBA’
Bank has implemented a new hassle free solution for its Internet Bankingcustomers called e-ASBA for Online Subscription of IPO/FPO byblocking one’s CASA account.
The e-ASBA facility is user-friendly, simple, instant, secure and available 24x7. It is a self-service facility eligible for all our United Online customers (net banking customers) having transaction rights. Under this functionality, any internet banking user having a valid DEMAT account number can make application for any live IPO/FPO subscription.
ASBA process operates in accordance with the SEBI's guidelines in force from time to time. Bank does not own any responsibility for error attributable to failure of Technology, Computer Systems and consequences thereof to the customer. Bank’s liability as a consequence of human error attributable to Bank’s employees is limited to an amount equivalent to interest at rates applicable to savings Bank accounts on the blocked amount in case the amount is blocked in a Savings Bank Account and nil in case the amount is blocked in a Current Account. Bank is not liable for anything more with respect to the transaction other than that as expressly stated above.
ASBA Public Issue
Click here for ASBA e-forms provided by Bombay Stock Exchange
Click here for ASBA e-forms provided by National Stock Exchange