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CASBA Charges of Commercial Banks in Nepal 2022 ( 2078/79)

Table Of Content

• What is ASBA?
• What is C-ASBA?
• ASBA/ C-ASBA Charges of Commercial Banks in Nepal
• Free Banks:
• Paid Banks
• Banks Providing Free ASBA Service

There are two ways to apply for IPO in Nepal. One is online through MeroShare, and another method is by visiting the Bank and filling the ASBA form. In both cases, you may have to pay an extra amount for the ASBA service depending on the Bank. The amount of ASBA charge varies depending upon the bank.

What is ASBA?

The full form of ASBA is Application Supported by Blocked Amount. In this service, Bank blocks money on the specified Bank account as per customers’ requirements. Such an amount will remain blocked on the customer account until the date of allotment of IPO/ FPO.

After allotment, the amount for the allotted quantity of securities gets deducted. And the rest of the amount gets released as usable balance. With the ASBA service, investors applying for publicly issued securities can directly invest from their own Bank account.

What is C-ASBA?

C-ASBA is an organized and centralized form of ASBA. C-ASBA is developed by CDSC that links all the Banks and Financial institutions providing ASBA service and Demat account creating a centralized system. C-ASBA service makes the application verification process easy. C-ASBA system came into implementation from Falgun 11, 2074.To use the C-ASBA service, one must obtain C-ASBA Registration Number. Otherwise, it wouldn’t be possible to apply for IPO from their own Bank account

ASBA/ C-ASBA Charges of Commercial Banks in Nepal

ASBA charges are different in different Banks. Therefore, we decided to research and present the data of ASBA charges of different commercial Banks in Nepal. The following is the list of C-ASBA / ASBA charges deducted by Commercial Banks in Nepal.                                                                                                           

  ipo charge in Nepal updated 2078/11/02:

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Free Banks:

S. No.	Bank	ASBA / C-ASBA Charges
1	Mega Bank Limited	NPR 0 (Free)
2	Nabil Bank Limited	NPR 0 (Free)
3	NIC Asia Bank Limited	NPR 0 (Free)
4	Rastriya Banijya Bank Limited	NPR 0 (Free)

Paid Banks

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S. No.	Bank	ASBA / C-ASBA Charges
1	Nepal Bank Limited	NPR 25.00 Per Year
2	Agriculture Development Bank	NPR 10 Per Application
3	Bank of Kathmandu Limited	NPR 10 Per Application
4	Civil Bank Limited	NPR 10 Per Application
5	Nepal Bangladesh Bank Limited	NPR 10 Per Application
6	Nepal Credit And Commerce Bank Limited	NPR 10 (Free)
7	Machhapuchchhre Bank Limited	NPR 10 Per Application
8	Prabhu Bank Limited	NPR 10 Per Application
9	Prime Commercial Bank Limited	NPR 10 Per Application
10	Global IME Bank	NPR 15 Per Application
11	Sunrise Bank Limited	NPR 10.00 per application for MeroShare users. And NPR 25 per application, Applying through C-ASBA visiting the Bank.
12	Siddharth bank Limited	NPR 10.00 Per Application
13	Citizen Bank international Limited	NPR 20.00 Per Application
14	Everest Bank Limited	NPR 20.00 Per Application
15	Himalayan Bank Limited	NPR 20.00 Per Application
16	Kumari Bank Limited	NPR 20.00 Per Application
17	NMB Bank Limited	NPR 20.00 Per Application
18	Nepal Investment Bank Limited	NPR 20.00 Per Application
19	Sanima Bank Limited	NPR 20 (Free)
20	Century Commercial Bank	NPR 25.00 Per Application
21	Nepal SBI Bank Limited	NPR 25.00 Per Application
22	Laxmi Bank Limited	NPR 25.00 Per Application
23	Standard Chartered Bank Nepal Limited	NPR 100.00 Per Application

Banks Providing Free ASBA Service

 In Nepal Out of 27 commercial banks in Nepal, only 4 of them are providing C-ASBA service for free in Nepal. 

1. Mega Bank Limited
2. Nabil Bank Limited
3. NIC Asia Bank Limited 
4. Rastriya Banijya Bank Limited.                                                                                                                                                                                                                                                                                                                                                                         
   
   
   
   
   
   
                                                                                                                                                                                                                                                                                                                                                                                                                                                                Note: The C-ASBA charges of the banks are updated time and again, So, above charge is the updated charge up to 2078/11/02.