SBI ASBA: Earn Interest On Deposits While Your IPO Application Is Pending. 5 Points

When you are applying for an IPO (initial public offering) or a follow on public offer (FPO), rights issues or even a debt issue, you can make use of the State Bank of India's (SBI) ASBA, which is known as Application Supported by Blocked Amount. Under this facility, you stand to earn the prescribed interest during the application processing period of the public issue. So, let's say your application is approved after five months of a...