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C-ASBA Charge of Nepali Banks

C-ASBA Charge of Nepali Banks

This is the CASBA charge for each commercial bank, sorted ascending. According to their internal rules and regulations, banks and financial institutions charge different CASBA fees. There are banks that charge high CASBA fees whereas there are BFIs that provide free services. Below are the latest C-ASBA Charges for Nepal’s banks, including commercial, development, and finance cooperatives.

 

Banks Code CASBA Charge
Agricultural Development Bank ADBL Rs. 10
Civil Bank CBL Rs. 10
Machhapuchhre Bank MBL Rs. 10
Sunrise Bank SRBL Rs. 10
Prabhu Bank PRVU Rs. 10
Nepal Investment Bank NIBL Rs. 20
Himalayan Bank HBL Rs. 20
NMB Bank NMB Rs. 20
Citizen Bank International CZBIL Rs. 20
Everest Bank EBL Rs. 20
Kumari Bank KBL Rs. 20
Laxmi Bank LBL Rs. 25
Nepal Bank NBL Rs. 25
Prime Commercial Bank PCBL Rs. 25
Nepal SBI Bank SBI Rs. 25
Century Commercial Bank CCBL Rs. 25
Standard Chartered Bank SCB Rs. 100

Development Banks With Free CASBA Charge 

Banks Code CASBA Charge
Bank of Kathmandu BOKL Free
Global IME Bank GBIME Free
Mega Bank MEGA Free
Nabil Bank NABIL Free
Nepal Credit Commercial Bank NCCB Free
NIC Asia Bank NICA Free
Rastriya Banijya Bank RBB Free
Sanima Bank SANIMA Free
Siddhartha Bank SBL Free
Nepal Bangladesh Bank NBB Free

CASBA Charge of Development Bank & Finance

Banks Code Charge
Muktinath Bikas Bank MNBBL Rs. 10
Mahalaxmi Bikas Bank MLBL Rs. 10
ICFC Finance ICFC Rs. 25
Garima Bikas Bank GBBL Free

What is CASBA Charge? 

C-ASBA is a modernized version of ASBA that was implemented on Falgun 11 2074 by CDS and Clearing limited. ASBA was also introduced by SEBON, which enabled investors to apply for shares via their banks. The Mero Share service provides investors with the ability to purchase IPOs, FPOs, Right Shares, Mutual Funds, and Debentures online.

All of the BFIs providing ASBA services are linked through C-ASBA. Individuals’ data can be linked to the Beneficiary Owner’s ID (BOID) using the computerized system.

As a result of the C-ASBA Registration Number (CRN), investors’ BOID (Demat Number) can be connected to their bank account. Following verification of the BOID, banks provide CRN numbers to investors. The CRN is required to apply for publicly issued securities such as IPOs, FPOs, right shares, mutual funds, and debentures.

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