The full form of ASBA is Application Supported by Blocked Amount. In this service, Bank blocks certain money on your Bank account as per customers requirement.
When your application is accepted for IPO, some banks deduct a small amount as ASBA charge. Most of the Banks do not take ASBA charge. But some banks deduct the amount as service charge for Blocking the amount till the result of allotment published.
The following is the list of C-ASBA / ASBA charges deducted by Commercial Banks in Nepal.
ASBA/C-ASBA Charges of Commercial Banks in Nepal
| Bank | ASBA / C-ASBA Charges |
|---|---|
| Agriculture Development Bank | NPR 0 (Free) |
| Century Commercial Bank | NPR 0 (Free) |
| Global IME Bank Limited | NPR 0 (Free) |
| Himalayan Bank Limited | NPR 0 (Free) |
| Machhapuchchhre Bank Limited | NPR 0 (Free) |
| Mega Bank Limited | NPR 0 (Free) |
| Nabil Bank Limited | NPR 0 (Free) |
| Nepal Bangladesh Bank Limited | NPR 0 (Free) |
| Nepal Credit And Commerce Bank Limited | NPR 0 (Free) |
| NIC Asia Bank Limited | NPR 0 (Free) |
| NMB Bank Limited | NPR 0 (Free) |
| Rastriya Banijya Bank Limited | NPR 0 (Free) |
| Sanima Bank Limited | NPR 0 (Free) |
| Siddharth Bank Limited | NPR 0 (Free) |
| Nepal Bank Limited | NPR 25.00 Per Year |
| Bank of Kathmandu Limited | NPR 10 Per Application |
| Civil Bank Limited | NPR 10 Per Application |
| Prabhu Bank Limited | NPR 10.00 Per Application |
| Citizen Bank international Limited | NPR 20.00 Per Application |
| Everest Bank Limited | NPR 20.00 Per Application |
| Kumari Bank Limited | NPR 20.00 Per Application |
| Nepal Investment Bank Limited | NPR 20.00 Per Application |
| Nepal SBI Bank Limited | NPR 25.00 Per Application |
| Prime Commercial Bank Limited | NPR 25.00 Per Application |
| Sunrise Bank Limited | NPR 25.00 Per Application |
| Laxmi Bank Limited | NPR 25.00 Per Application |
| Standard Chartered Bank Nepal Limited | NPR 100.00 Per Application |
Banks Providing Free ASBA Service In Nepal
Out of 27 commercial banks in Nepal, 15 of them are providing ASBA service for free in Nepal.
- Agriculture Development Bank
- Century Commercial Bank
- Global IME Bank Limited
- Himalayan Bank Limited
- Machhapuchchhre Bank Limited
- Mega Bank Limited
- Nabil Bank Limited
- Nepal Bangladesh Bank Limited
- NCC Bank Limited
- NIC Asia Bank Limited
- NMB Bank Limited
Prime Commercial Bank Limited- Rastriya Banijya Bank Limited
- Sanima Bank Limited
- Siddharth Bank Limited
Update: Bank of Kathmandu and Prime Commercial Bank are no more offering free ASBA service.
Some Frequently Asked Questions
Which Banks in Nepal Offer Free ASBA?
The following Nepali Commercial Banks are Offering free ASBA service in Nepal.
- Agriculture Development Bank
- Century Commercial Bank
- Global IME Bank Limited
- Himalayan Bank Limited
- Machhapuchchhre Bank Limited
- Mega Bank Limited
- Nabil Bank Limited
- Nepal Bangladesh Bank Limited
- NCC Bank Limited
- NIC Asia Bank Limited
- NMB Bank Limited
- Rastriya Banijya Bank Limited
- Sanima Bank Limited
- Siddharth Bank Limited
What is ASBA?
The full form of ASBA is Application Supported by Blocked Amount. In this service, Bank blocks certain money on your Bank account as per customers requirement.
Why Bank Deduct ASBA charge?
Banks debit certain amount from your account as the service charge for blocking the amount required for applied share on IPO.
Can I Earn Interest on ASBA?
Yes. You can earn interest on ASBA (application supported by blocked amount)
As per the application submitted by you, your money gets blocked in the account until the allotment of the shares. The amount as per the allotment is debited from your bank account only after the allotment process.
Therefore, you will continue to earn regular interest in the application supported by blocked amount (ASBA) held in the account during the time frame.
Why ASBA is Important?
Through ASBA, you can apply for shares during Initial Public Offering (IPO), Further Public Offer (FPO) or Mutual Fund, through your bank account.
Which Bank has the highest amount of ASBA charge?
Standard Chartered Bank charges the highest amount of ASBA charge which is NPR 100 per application.
What is the ASBA charge of Prabhu Bank?
The Asba charge of Prabhu Bank Limited is NPR 10. Previously, it was NPR 1 per application and increased to NPR 10 from 1st April, 2020.
Also Check Out Top Nepali Internet Service Providers in Nepal.
According to your data prime bank provide free c asba but actually it charges some amount…
Hi Vishal Shrestha Ji, the ASBA fee listed for Prime Commercial Bank here was according to the old data. Recently, we revised the data and updated the charges of the Bank of Kathmandu and Prabhu Bank Limited. We are sorry for our failure to deliver the correct information.
We have to collect these data from the respective websites of Banks. But Prime Commercial Bank has not published the revised commissions and fees data yet in the visible menus and searchable pages.
However, we have updated the data according to the information provided by the Prime Bank account holder. Thank you for understanding.