Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Service typeApplication Supported by Blocked Amount for IPO, FPO, debt and rights issues
Source 1Eligible funding accountFunded SBI savings or current account with sufficient clear balance; overdraft and loan accounts are excluded
Source 2Demat and PANA valid demat account with any depository participant and PAN are required; the demat account need not be with SBI
Source 3Treatment of application fundsFunds remain blocked and continue earning account interest where applicable; only a successful allotment amount is debited
Source 4Online channelOnlineSBI: e-Services → Demat & ASBA Services → IPO (Equity) ASBA or IPO (Debt) ASBA
Source 5Published bid-control distinctionRetail equity applicants up to the published ₹2 lakh page threshold may modify, revise or delete during bidding; debt applications may be withdrawn but not modified
Source 6Benefits and features
- Application money stays in the bank account until allotment
- Applicable account interest continues while funds are blocked
- SBI demat account is not required
- Online access for customers of any SBI branch
- Equity, debt and rights-issue coverage
Eligibility
- Eligibility under the specific issue and current SEBI rules still applies.
- The applicant must use their own eligible bank account or linked UPI ID as applicable.
- Clear funds must cover the application amount; overdraft and loan-account limits cannot be used.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- PAN
- Demat account and depository participant details
- Issue application details
- Eligible funded SBI savings or current account with Internet Banking transaction rights for online ASBA