C-ASBA Free Banks in Nepal | Complete Guide for Investors
Nepal's share market (NEPSE) has introduced a modern and secure process for investing in IPOs, FPOs, and Rights Shares – known as C-ASBA. C-ASBA stands for Centralized Application Supported by Blocked Amount. This system blocks the investor's amount in their bank account during application and only deducts the funds after the share allotment, making the process safe and efficient.
Why C-ASBA is Important
- Investors' money remains safe and interest may accrue during the block period.
- It eliminates the need to submit physical cash repeatedly for multiple IPO applications.
- Bank accounts and Demat accounts are pre-linked, ensuring a faster and smoother application process.
Free C-ASBA Banks in Nepal
While all banks provide C-ASBA services, some charge fees for the service. Free C-ASBA banks allow investors to apply for IPOs without paying extra service charges.
Commercial Banks (Free C-ASBA)
| Bank Name | Service Type |
|---|---|
| Rastriya Banijya Bank (RBB) | Free |
| Nabil Bank Ltd. | Free |
| NMB Bank Ltd. | Free |
| Siddhartha Bank Ltd. | Free |
| Standard Chartered Bank Nepal Ltd. | Free |
Development Banks (Free C-ASBA)
| Bank Name | Service Type |
|---|---|
| Green Development Bank Ltd. | Free |
| Shine Resunga Development Bank Ltd. | Free |
Finance Companies (Free C-ASBA)
| Company Name | Service Type |
|---|---|
| Best Finance Company Ltd. | Free |
| Central Finance Ltd. | Free |
| Gurkhas Finance Ltd. | Free |
| Manjushree Finance Ltd. | Free |
Why Choose Free C-ASBA Banks?
- Save on extra charges for every IPO application.
- Continuous applications become easier and cost-effective.
- Ideal for new investors as the banks guide through the process step-by-step.
- Online applications through MeroShare are supported for convenience.
How to Apply via C-ASBA
Follow these simple steps:
- Bank Account & Demat Account: Ensure you have a bank account and a Demat (BOID) account.
- C-ASBA Registration: Visit your bank to fill the C-ASBA registration form and obtain a CRN (C-ASBA Registration Number).
- Apply for IPO: Use the CRN to apply for IPOs/FPOs via MeroShare or your bank. The amount will be blocked and deducted only after allotment.
Tips & Suggestions
- CRN number is mandatory; without it, the application may fail.
- Check with your bank for updated rules as SEBON regulations may change.
Conclusion
C-ASBA has made IPO applications in Nepal safer, faster, and more efficient. Choosing free C-ASBA banks saves investors extra charges and is especially beneficial for beginners. Popular options include Nabil Bank, RBB, NMB, and Siddhartha Bank, allowing investors to invest smartly and cost-effectively.
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