City Union Bank Ltd, a Depository Participant registered with National Securities Depository Limited (NSDL) offers depository services to its customers with utmost speed and convenience.
Services provided by DP Division :
Demat account opening
Off-market and Market Delivery execution
Pledge and Hypothecation instructions
ASBA functions ( Application Supported by Blocked Amount ) for IPO/Right issue
Providing electronic credit in respect of securities allotted by issuers under IPO or otherwise.
Receiving on behalf of demat account holders non-cash corporate benefits, such as, allotment of bonus and rights shares in electronic form or securities ensuing upon consolidation, stock split or merger/amalgamation of companies.
Transmission of securities
Online delivery Instructions thro SPEED-e ( facility provided by NSDL) for POA holders
Benefits of availing Depository Services :
A safe and convenient way to hold securities;
Immediate transfer of securities;
No stamp duty on transfer of securities;
Elimination of risks associated with physical certificates such as bad delivery, fake securities, delays, thefts etc.,
Reduction in paperwork involved in transfer of securities;
Reduction in transaction cost;
No odd lot problem, even one share can be sold;
Change in address recorded with DP gets registered with all companies in which investor holds securities electronically eliminating the need to correspond with each of them separately
Transmission of securities is done, thereby eliminating correspondence with companies;
Automatic credits into demat account of shares, arising out of bonus /split /consolidation /merger etc
Holding investments in equity and debt instruments in a single account.
In addition to the DEMAT SERVICES our Bank is associated with M/s. Integrated Enterprises India Ltd to provide Online Platform for Share Trading.
How to open a Demat account with CUB ?
You can open demat account insta-demat on Net Banking or Mobile Banking All in one plus App.You can contact nearest City Union Bank branch for the same. Alternatively, you may contact our Call centre at 044-71225000 or Demat Division at 044-24363754 or write to us at email@example.com We shall contact you on the immediately following working day.