City Union Bank DEMAT Services

City Union Bank DEMAT Services


City Union Bank: DEMAT Services Overview


📊 What CUB Offers as a Depository Participant

City Union Bank is a registered Depository Participant (DP) with NSDL (Registration No. IN-DP-197-2016). Services offered include:

  • Opening Demat accounts
  • Dematerialisation (converting physical shares to electronic form)
  • Rematerialisation (electronic to physical shares)
  • Market and off-market share transfers
  • Pledge/hypothecation of securities
  • ASBA services for IPO applications
  • Receiving electronic credits (IPOs, rights issues)
  • Handling corporate actions (bonus, splits, mergers)
  • Securities transmission and nominee transfers
  • Online delivery instructions via NSDL SPEED-e for POA holders


✅ Benefits of CUB Demat Services

  • Secure, paperless holdings of securities
  • Quick and seamless share transfers
  • No stamp duty on demat transactions
  • Lower risk (fraud, loss, damage)
  • Automatic updates to issuer records
  • Nominee facility and address updates applied across all holdings
  • Single account for holding equity and debt instruments


🔧 How to Open a Demat Account

1. Online Process

  • Login to CUB Net Banking or CUB All-in-One Mobile App
  • Navigate to: Investments → Open NSDL Demat Account
  • Verify savings account, nominee details, e-sign
  • Aadhaar OTP verification for instant activation

2. Offline (Branch)

  • Fill physical Demat application form
  • Attach KYC and ID documents
  • Submit to nearest CUB branch


💸 Charges & Fees

Type

Details

AMC (Annual Maintenance)

₹30/month or ₹360/year (waived for BSDA accounts)

Transaction Charges

Delivery: ₹25/instruction; Receiving: Free

Demat / Remat Fees

₹25 per instruction

Pledge/Hypothecation

₹25 per pledge activity

Failed Instruction Charges

Nil
  • BSDA (Basic Services Demat Account): Free AMC for holdings ≤ ₹4L; minimal AMC up to ₹10L


🛠️ Value-Added Services

  • Trading Support via Integrated India Enterprises Pvt. Ltd. (CUB’s partner broker)
  • SPEED-e Access for online delivery instructions (for POA holders)
  • Investor Charter & Guidelines: Rights, responsibilities, and grievance redressal


🚪 Support Contacts

Concern

Contact

General Support

044-7122 5000 (Level-1 Customer Care)

Demat Complaints (POA, Issues)

Ranjani R, Email: cubdp@cityunionbank.in




📄 Summary

City Union Bank’s Demat services offer a secure, digitally integrated platform for managing equity and debt securities, with full NSDL support, mobile/on-branch accessibility, and competitive charges suited for both retail and MSME investors.


Visit www.cityunionbank.com for more info or account setup.


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