ASBA for secondary market launched from today.
It’s very fruitful and revolutionary for investors.
When will zerodha have this facility ?
And what is expected timeline and any process to get this facility.
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I think it will take a couple of months before all our customers can access this option. By the way, there are a couple of things to know, this is currently possible only for equity segment trades. Once you shift to this mode, you can’t do any F&O trades. This will probably take some time to change.
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Great to know it will be available very soon.
It would be very helpful to equity traders, trading with big capital but currently limit would be less , let’s see how it works
It reduces broker’s float income. In turn brokers will turn into cross selling of other products for revenue.
I don’t know zerodha. But brokers like Angel, hadfc, ICICI nearly 20% to 30% revenue which comes through float income will be impacted
The present upstreaming, downstreaming system was good enough to avoid defaults and fund misuse.
So I don’t think this system is good.
How will broker collect charges like brokerage, do chargers etc.
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Any update on the beta test Nithin sir.Hope the settlement is smooth in this new process.
This is still in works. There’s confusion around collection of charges which brokers have brought up with the regulator. Once there’s some clarity, we should be able to announce this for select users. to test.
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Any tentative timeline that it would be live.
And it would be UPI only or we can do same like IPO asba application via net banking type?
If you enable yourself for ASBA based trading, you will no longer be transferring/receiving funds to/from your broker similar to IPOs. Transactions will be settled directly with the CC (unless there’s a devolvement to the broker). We should be able to roll this out in the near future - hard to put a specific timeline. We’re awaiting clarification from the MIIs too. But we should be amongst the first ones to offer this to clients. 
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Ok .
@VenuMadhav
Does pilot launch started and
Can we expect launch in March end as I heard many brokers will launch this until March end and HDFC, ICICI already giving this facility to it’s few client …
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Any update on the tests and wider availability?
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Is it ready as already 3 months passed after you told.?
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Nopes, still more time.
Ohk 
Anything started bhai?
Nopes
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I am also eagerly waiting for this. Are you aware of any broker working towards this? Brokers have no incentive (except probably competition or compliance) to enable this as it impacts their bottom line.
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I can speak for Zerodha, and can tell you that the delay is not on account of bottomline getting impacted. We’re yet to receive clarity around how non contract note related charges can be collected (demat amc, dp charges on delivery sale). Also, for clients to switch from UPI to non UPI based trading (in the event UPI has problems), the time involved is > 1 day which can be detrimental from a user’s perspective. So unless there’s clarity (which is awaited), it’s hard for us to build.
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Yes Groww heard in news but they are very poor to provide good service to users so not expecting earlier from them
Then it’s great but please do it earliest as possible.
NSE made many sessions for ASBA facility and encouraged all to implement this , they made many clarity and solved doubts of brokers in below link I watched
NSE Team looks very knowledgeable and co operative with brokers so I don’t think they don’t want to solve the issue that you mentioned here
All Brokers should promptly try to communicate with them to solve any issues and implement this facility ASAP
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