What is ASBA? Full Form, Meaning & How Your Savings Account is Used for IPO Applications

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Summary The full form of ASBA is Application Supported by Blocked Amount. ASBA allows you to apply for IPOs, FPOs and rights issues without transferring funds from your savings account at the time of application. The application amount is actually temporarily blocked in your savings account and debited only if you receive an allotment. What…

How Can NRIs Start Investing in the Indian Stock Market & Mutual Funds?

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An NRI can invest in Indian shares and mutual funds, but the resident account setup cannot continue after the status change. The bank account, KYC, demat category, and route used for repatriation all need to match non-resident status. Getting those pieces right at the start makes every later NRI investment easier to track. Step-by-Step Guide…

How Can an NRI Get a Credit Card in India?

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The process of an NRI to get a credit card in India is slightly different from a regular resident application. This is because the bank has to verify overseas residence, income, tax status, and the source from which the bill will be paid. A strong Indian credit history can support an unsecured application. If that…