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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

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