The benefits of investing through ASBA are as follows: No paper work Invest at your convenience through www.kotaksecurities.com Continue earning interest on the application amount, since the amount is only blocked & not debited from your bank account The investor does not have to bother about refunds, as only an amount proportionate to the securities allotted is taken from the bank account on allotment after the basis of allotment is finalised. The unutilized amount is automatically released.