February 23: Nabil bank has introduced Centralized Applications Supported by Blocked Amount (C–ASBA) service. According to the bank, this system enables customers to apply for shares online in a faster, easier and simpler method.

The bank said in a statement that its customer can now either visit a branch office or submit application for new IPO/FPO of any public company online. Under the C- ASBA system, customers can approach any branch of Nabil Bank to fill up C–ASBA application form and bank provides (CRN) C–ASBA customer registration number after verification of Demat account and bank details.

The bank said it is providing services associated with C–ASBA system such as C–ASBA registration, Demat account opening, C–ASBA application processing for investment in IPO/FPO, registration for online submission through “Mero Share” etc. The bank claimed that it is providing all these services to its customer through any branch of the bank without any charges.