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 ?
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 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
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