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May 5, 2022

ASBA designated branches to remain open for public on May 8, 2022 (Sunday): LIC IPO

by CA Shivam Jaiswal in Circular and Notifications

ASBA designated branches to remain open for public on May 8, 2022 (Sunday): LIC IPO

RBI/2022-23/43

DOR.LEG.REC.No.35/09.07.005/2022-23                                                       May 4, 2022

ASBA designated branches to remain open for public on May 8, 2022 (Sunday) to facilitate processing of applications for LIC IPO

The Government of India, in order to facilitate bidding for LIC IPO, has requested that all bank branches designated to process ASBA (Application Supported by Blocked Amount) applications may be kept open for public on May 8, 2022 (Sunday). The matter has been examined and it has been decided that banks may keep all their ASBA designated branches open on May 8, 2022 (Sunday) for the above purpose.

2. While doing so, banks shall ensure compliance with the requirements laid down in para 7 of the Master Circular DBR No. Leg. BC. 21/09.07.006/2015-16 dated July 1, 2015 on ‘Customer Service in Banks’.

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