How to apply for a Rights Issue through Kotak Mahindra Bank Net Banking?

You can apply for a rights issue online through Kotak Mahindra Bank Net Banking using the ASBA facility.

Steps to follow to apply rights issue in Kotak Bank:

1. Log in to your Kotak Mahindra Bank Net Banking account.
2. Go to the ASBA tab.
3. If applying for the first time, complete a one-time registration by entering your Demat Account details (DP ID and Client ID).
4. Click Next, validate the details, and select Confirm & Submit.
5. Under the Transaction tab, click Apply Now and select the beneficiary.
6. From the list of available companies, choose the Rights Issue you wish to apply for.
7. Select your investor category and click Next.
8. Enter your bid details (number of shares, price, etc.) and click Next.
9. Review the entered details carefully and submit the application.

Once submitted, an application number will be displayed on the screen. The application amount will be blocked in your Kotak Bank account and debited only after allotment.