Dear Customer,NET Banking & ATM services will not be available between 23:45hrs to 00:45hrs on 25th Jan 2020 and 26th Jan 2020 due to BCP activity.During the course of the BCP drill, if customers are unable to reach our call center through the primary number 044-71225000, they may contact our call center through the alternate number : 080-68155000. Inconvenience regretted.            Click here for Ambit CUB Q2 FY2020 Earnings Conference Call             Click here to donate for PM's National Relief Fund                    Now, drive through toll gates with CUB FASTag - Click here to know more                Click here for auction sale details                

Demat Services

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
  • Dematerialisation
  • Rematerialisation
  • 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;
  • Nomination facility;
  • 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 ?

Please 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 cubdp@cityunionbank.in We shall contact you on the immediately following working day.

For Suggestions/Complaints: cubdpgrievance@cityunionbank.in
SEBI Complaint Portal: https://scores.gov.in

x