What advantage an investor has in applying through ASBA?

Applying through ASBA facility has the following advantages:
(i) The investor continues to earn interest on the application money as the same
remains in the bank account.
(ii) The investor does not have to bother about refunds, as in ASBA only that much
money to the extent required for allotment of securities, is taken from the bank account
only when his application is selected for allotment after the basis of allotment is


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