How to apply for rights issue through Net Banking?

You can apply for a rights issue through your bank’s Net Banking portal using the ASBA facility.

Steps:

• Log in to your bank’s Net Banking account.
• Go to the IPO / Rights Issue / ASBA section (usually under ‘Investments’ or ‘e-Services’).
• Select the company’s rights issue from the available list.
• Enter your Demat Account details (DP ID and Client ID), PAN, and the number of shares you wish to apply for.
• Confirm and submit your application.
• The application amount will be blocked in your account until allotment.

You’ll receive an application number or confirmation message after submission. Funds are debited only if shares are allotted, and allotment details are later reflected in your Demat account.