The Centralized Application
Supported by the Blocked Amount (C-ASBA) process, which began on February 23, 2018,
allows investors to purchase shares online. C-ASBA is a more user-friendly version of the ASBA interface. It connects all the ASBA services financial
institutions and companies of the Nepali Stock Market.
CASBA helps the bank to
authenticate consumers' bank accounts and balances before applying for a primary
market offering. It also checks the system and looks for double applications using
the same account, saving time and problems for the issue manager and share
registrars.
Application Supported by Blocked
Amount (ASBA) is an application that allows you to subscribe to an issue by authorization
to block the money in your bank account.
Mero Share is a system developed by CDS and Clearing Limited (CDSC) which allows shareholders to apply for shares (IPO, FPO, Right, Mutual Fund, and Debentures) online after they have registered with C-ASBA.
Banks deduct an application fee from your account as a service charge for blocking the money needed to apply for an issued share while some banks provide free service. The following is a list of Nepalese banks, along with their C-ASBA service charges per application.
|
SYMBOL |
NAME OF BANKS |
CHARGE |
|
ADBL |
Agricultural
Development Bank |
Rs. 10 |
|
BOKL |
Bank of Kathmandu |
Rs. 10 |
|
CBL |
Civil Bank |
Rs. 10 |
|
CCBL |
Century Commercial Bank |
Rs. 25 |
|
CZBIL |
Citizen Bank |
Rs. 20 |
|
EBL |
Everest Bank |
Rs. 20 |
|
GBIME |
Global IME Bank |
Rs. 15 |
|
HBL |
Himalayan Bank |
Rs. 20 |
|
KBL |
Kumari Bank |
Rs. 20 |
|
LBL |
Laxmi Bank |
Rs. 25 |
|
MBL |
Machhapuchhre Bank |
Rs. 10 |
|
MEGA |
Mega Bank |
Rs. 25 |
|
NABIL |
Nabil Bank |
FREE |
|
NBB |
Nepal Bangladesh Bank |
Rs. 10 |
|
NBL |
Nepal Bank |
Rs. 10 |
|
NCCB |
Nepal Credit and Commercial Bank |
Rs. 10 |
|
NIB |
Nepal Investment Bank |
Rs. 20 |
|
NICA |
NIC Asia Bank |
FREE |
|
NMB |
NMB Bank |
Rs. 20 |
|
PCBL |
Prime Commercial Bank |
Rs. 10 |
|
PRVU |
Prabhu Bank |
Rs. 10 |
|
RBB |
Rastriya Banijya Bank |
FREE |
|
SANIMA |
Sanima Bank |
Rs. 20 |
|
SBI |
Nepal SBI Bank |
Rs. 25 |
|
SBL |
Siddhartha Bank |
Rs. 10 |
|
SCB |
Standard Chartered Bank |
Rs. 100 |
|
SRBL |
Sunrise Bank |
Rs. 10 |
From the above table, I have selected the banks that offer Free C-ASBA services in Nepal.
- Nabil Bank Limited
- NIC Asia Bank Limited
- Rastriya Banijya Bank Limited
Check your bank name above for the service charged for which you apply for every share issue. Banks periodically adjust the C-ASBA fee, so if you find any information wrong, please let us know by commenting below.
Thank you.
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