How to apply for a Rights Issue through PNB Net Banking?

Rights Issue Through PNB Bank

You can apply for a rights issue through Punjab National Bank (PNB) using the ASBA facility. The process can be completed online via PNB NetBanking or through the PNB One Mobile App.

Steps:

1. Log in to your PNB NetBanking account and go to the Investments tab.
2. Click on ‘Apply for ASBA’ under the Trading / ASBA section.
3. Select your Investor Category and Type, then click Continue.
4. A list of ongoing public issues will appear — select the Rights Issue you wish to apply for.
5. Enter your Depository details (DP ID and Client ID), bid quantity, and account number, then click Continue.

The application amount will be blocked in your account and debited only upon allotment.