Question 42 of 90
In ASBA, the amount is blocked in
A
Trading member's account
B
Investor's own bank account
C
Issuing company's account
D
All of the above
Correct Option:
B
Explanation
Under the ASBA (Application Supported by Blocked Amount) facility, the application amount remains blocked in the investor's own bank account until the allotment process is completed. The funds continue to earn interest, if applicable, until they are debited.
