Applying through ASBA, step by step

ASBA stands for Applications Supported by Blocked Amount. The mechanism matters: the application amount is blocked in your own bank account rather than sent anywhere. If you are allotted shares, it is debited. If you are not, the block is released and the money was never out of your hands.

What actually happens

1. 1The issue opens and is announced with a closing date.
2. 2You log in to Mero Share and apply, choosing your bank and the number of units.
3. 3Your bank blocks the amount. You can see it, but you cannot spend it.
4. 4The issue closes and allotment is decided.
5. 5Allotted: the money is debited and shares arrive in your Demat. Not allotted: the block is released.

One application per person

Applying multiple times for the same issue using different accounts is not a strategy — it gets applications rejected. The system checks. Family members with their own Demat accounts applying separately is different and entirely normal.