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Can I apply in an issue through “ASBA” facility and through “normal existing system of payment through cheque” in an issue?

April 26, 2017existing facility ISSUE payment system

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Can I apply in an issue through “ASBA” facility and through “normal existing system of payment through cheque” in an issue?

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No. An investor can apply either through ASBA or through existing system of payment through cheque. If an applicant applies through both ASBA as well as non ASBA then both the applications having the same PAN, will be treated as multiple application and hence rejected.