How to apply for a Rights Issue in SBI Net Banking?

You can apply for a rights issue through SBI Net Banking using the ASBA facility, which securely blocks funds until allotment.

Steps:

1. Log in to your SBI Net Banking account.
2. Click on e-Services from the top menu.
3. Select ASBA Services from the dropdown.
4. Under ASBA, choose IPO (Equity/Rights).
5. Click Apply IPO, then accept the terms and conditions.
6. A list of ongoing IPOs and Rights Issues will appear — select your desired rights issue and click Go.
7. Click Accept again to proceed.
8. Choose your Category and select Shareholder/Renounce.
9. Confirm your details, enter the quantity and price, and click Submit.

The application amount will be blocked in your SBI account until allotment. Upon allotment, the amount will be debited, and shares will be credited to your Demat account.

For step-by-step instructions with screenshots, refer Rights Issue Through SBI Net Banking.