ASBA Application experience - Different Banks

[Pradumya]

ASBA related information is given below:

Bank Name	Info Saved	In-App ASBA	Cut off Time *	Considerations
SBI	Thru Netbanking	Yono Lite Only	2PM	Yono app doesn't have ASBA option. Add BOID thru NetBanking then Yono Lite will fetch that.
AU SFB	Yes	Yes	3.30pm	OTP based ASBA adds extra step
Bank of Baroda	Yes	Yes	3pm	Mpin based ASBA is faster. Doesn't work during night hours.
PNB	No	Yes	3pm	Every time BOID is needed to be entered manually. UI to select IPO is not that great.
IDFC First Bank	Yes	Yes	4.30pm	Very good app experience to apply IPO.
IndusInd Bank	No	Yes*	2pm*	Not used this jhand bank.
HDFC Bank	No	No*	4pm	Info Saved only for HDFC Sec accounts. Not for others. Even they have limit in character to input in DP Name Field! Why ask DP Name in first place.
ICICI Bank	No	Only for iDirect Customers	3pm/4pm HNI/Retail*	In app ASBA only for iDirect accounts. For others using Netbanking BOID to be entered everytime.
Kotak Bank	Yes	Yes	3pm/4pm HNI/Retail	Info saved and can be applied thru application.
Axis Bank	Thru Netbanking	No	3pm	Fast ASBA thru netbanking after saving investor info.
Canara Bank	No	No	4pm	Auto Save on Chrome helps in putting BOID faster. No in-app ASBA. Sometimes error in submission. cc: @sjmajumder
Union Bank	Thru Netbanking	No	3pm	You have to enter transaction password and otp on next page though. Also no mobile interface only NB. cc: @Pissant

* = I don't have personal experience with that bank and no concrete evidence of that information to be true.

For other banks, please provide your experience in replies below. I will edit this accordingly.

 

[Pissant]

For HDFC info is not technically saved for HDFC App/Net-banking. It is only saved in the HDFC Securities App/Web Portal. Which is a completely different entity than HDFC Bank and their apps.

 

[Pradumya]

For HDFC info is not technically saved for HDFC App/Net-banking. It is only saved in the HDFC Securities App/Web Portal. Which is a completely different entity than HDFC Bank and their apps.

That's why mentioned yes and no. If you know how it happens for non hdfc securities holders then let me know

 

[Pissant]

That's why mentioned yes and no. If you know how it happens for non hdfc securities holders then let me know

In HDFC Net-banking you have to enter your DP ID every time, along with broker. So it is not saved.

 

[risingphoenix24]

its

In HDFC Net-banking you have to enter your DP ID every time, along with broker. So it is not saved.

its the most shitty thing from hdfc tbh , the least they can do is atleast allow saving it plus they have a weird thing that you have to write DP name last time I was filling it and groww full name wont fit into that.

 

[kuchbhi]

In HDFC Net-banking you have to enter your DP ID every time, along with broker. So it is not saved.

Even they have limit in character to input in DP Name Field!

 

[harshgupta940]

ASBA related information is given below:

Bank Name	Info Saved	In-App ASBA	Cut off Time	Considerations
SBI	Thru Netbanking	Yono Lite Only	2PM	Yono app doesn't have ASBA option. Add BOID thru NetBanking then Yono Lite will fetch that.
AU SFB	Yes	Yes	3.30pm	OTP based ASBA adds extra step
Bank of Baroda	Yes	Yes	3pm	Mpin based ASBA is faster. Doesn't work during night hours.
PNB	No	Yes	2:30pm*	Every time BOID is needed to be entered manually. UI to select IPO is not that great.
IDFC First Bank	Yes	Yes	4.30pm	Very good app experience to apply IPO.
IndusInd Bank	No	Yes*	2pm*	Not used this jhand bank.
HDFC Bank	No	No*	4pm	Info Saved only for HDFC Sec accounts. Not for others.
ICICI Bank	No	Only for iDirect Customers	3pm	In app ASBA only for iDirect accounts. For others using Netbanking BOID to be entered everytime.
Kotak Bank	Yes	Yes	4pm*	Info saved and can be applied thru application.
Axis Bank	Thru Netbanking	No	3pm	Fast ASBA thru netbanking after saving investor info.

* = I don't have personal experience with that bank and no concrete evidence of that information to be true.

For other banks, please provide your experience in replies below. I will edit this accordingly.

For ICICI the Cut Off time if 4:30 PM please correct that. Only for some categories its 3PM like Employee/Shareholder etc.

 

[sjmajumder]

ASBA related information is given below:

Bank Name	Info Saved	In-App ASBA	Cut off Time	Considerations
SBI	Thru Netbanking	Yono Lite Only	2PM	Yono app doesn't have ASBA option. Add BOID thru NetBanking then Yono Lite will fetch that.
AU SFB	Yes	Yes	3.30pm	OTP based ASBA adds extra step
Bank of Baroda	Yes	Yes	3pm	Mpin based ASBA is faster. Doesn't work during night hours.
PNB	No	Yes	2:30pm*	Every time BOID is needed to be entered manually. UI to select IPO is not that great.
IDFC First Bank	Yes	Yes	4.30pm	Very good app experience to apply IPO.
IndusInd Bank	No	Yes*	2pm*	Not used this jhand bank.
HDFC Bank	No	No*	4pm	Info Saved only for HDFC Sec accounts. Not for others.
ICICI Bank	No	Only for iDirect Customers	3pm	In app ASBA only for iDirect accounts. For others using Netbanking BOID to be entered everytime.
Kotak Bank	Yes	Yes	4pm*	Info saved and can be applied thru application.
Axis Bank	Thru Netbanking	No	3pm	Fast ASBA thru netbanking after saving investor info.

* = I don't have personal experience with that bank and no concrete evidence of that information to be true.

For other banks, please provide your experience in replies below. I will edit this accordingly.

Add Canara Bank. Generally good experience. Sometimes you get error on submission but don't worry click the submit button again and it will be submitted - no need to reenter any info.

Info saved: NO - but after you enter it for the first time and allow browser to remember, next time you can select it.

 

[Pissant]

Union Bank also has a decent Netbanking ASBA. Everything is saved. You have to enter transaction password and otp on next page though. Also no mobile interface

 

[Rishabh]

Tried many banks ASBA in past, best experience is with Kotak ASBA through mobile app.
Can apply in a flash with easy to navigate to ASBA option from home dashboard, existing BOID info saved (support choosing from multiple if saved).

And like ICICI, Kotak also support ASBA application using linked FD balance without withdrawing it !!

@Pradumya Suggestion 2 include two more columns in above table:-
1. Support ASBA via Linked FD
2. Support ASBA for Minor Account

 

[sjmajumder]

Tried many banks ASBA in past, best experience is with Kotak ASBA through mobile app.
Can apply in a flash with easy to navigate to ASBA option from home dashboard, existing BOID info saved (support choosing from multiple if saved).

And like ICICI, Kotak also support ASBA application using linked FD balance without withdrawing it !!

@Pradumya Suggestion 2 include two more columns in above table:-
1. Support ASBA via Linked FD
2. Support ASBA for Minor Account

Checked, it's good. But one thing I hate with most ASBA applications is why the hell do they ask for quantity and not lots? Why do I have to search for quantity per lot separately, do the Maths and then enter? This is total lack of common sense. I really appreciate Canara Bank in this respect, they ask you for lots just like Zerodha.

 

[Pradumya]

Checked, it's good. But one thing I hate with most ASBA applications is why the hell do they ask for quantity and not lots? Why do I have to search for quantity per lot separately, do the Maths and then enter? This is total lack of common sense. I really appreciate Canara Bank in this respect, they ask you for lots just like Zerodha.

In bob as well. We have to enter quantity only but there is a plus and minus button which adds lots.
It is a 66 times press on + for bHNI application.

 

[Pissant]

In bob as well. We have to enter quantity only but there is a plus and minus button which adds lots.
It is a 66 times press on + for bHNI application.

I just checked and that is incorrect. You can enter using keyboard

 

[Pradumya]

I just checked and that is incorrect. You can enter using keyboard

View attachment 78166

Are haa bhai wahi to likha hai ki "we have to enter quantity only"
Wo toh hota hi hai
I was referring ki lots wala kaam bhi kar sakte hai directly

 

[risingphoenix24]

I

do the Maths and then enter?

I had to calculate this from groww and then enter in SBI
LOL

 

[muk9998]

i have been using YONO Lite.
Great Experience with app but not with allotment 🥹

 

[harshgupta940]

i have been using YONO Lite.
Great Experience with app but not with allotment 🥹

The only problem is you can apply only till 2:30PM

 

[sjmajumder]

I

I had to calculate this from groww and then enter in SBI
LOL

Alternate option is to enter a random number. You will get an error message with lot size 😀