With an objective to offer service facilities to the depositors who want to purchase IPO of various companies, Global IME Bank launches Application Supported by Blocked Amount (ASBA).
The Bank has started services under ASBA process from its Head office and branches effective from June 12.
Under this system, the applicants' money for any issue is debited from their bank accounts only after the applicant has been selected in process. The depositors continue to receive interest.
Bank’s all 95 branches will provide this service to its client.