How to apply for a rights issue in Axis Bank?

You can apply for a rights issue online through Axis Bank Net Banking or the Axis Mobile App using the ASBA facility.

Steps:

1. Log in to your Axis Bank account (web or mobile app).
2. Go to Investments → Online IPO/Rights Issues.
3. Click Apply for Equity IPO/Rights Issue.
4. Select the Rights Issue you want to apply for and click View/Initiate Payment.
5. Choose your account and investor category, then click Proceed.
6. Enter the number of shares you wish to apply for and click Proceed.
7. Enter the OTP received on your mobile to confirm.
8. Once submitted, funds are blocked under ASBA and debited only after allotment.

For step-by-step instructions with screenshots, refer Rights Issue Through Axis Bank.