Quote Originally Posted by Ice View Post
What is ‘Application Supported by Blocked Amount’(ASBA)?
Application Supported by Blocked Amount(ASBA) is a facility wherein the money you intend to invest in an NFO stays in your bank account and consequently earns you the interest. The money leaves your account only when units are allocated to you. While in your account, this amount stays blocked ensuring that you cannot use it for any other purpose.