City Union Bank Profile
City Union Bank History
City Union Bank was started on 31st October, 1904 at Kumbakonam with the name ‘The Kumbakonam Bank Limited’. City Union Bank preferred to be a regional Bank and slowly finds a place for itself in the delta region-Thanjavur. By considering City Union Bank’s financial strength, Reserve Bank of India had decided to grant Authorized Dealers License to deal in Foreign Exchange business from October, 1990. S.Balasubramanian, Managing Director and CEO of the City Union Bank is leading the company in a right manner towards higher growth.
City Union Bank Network
City Union Bank opened its first branch at Mannargudi in the year 1930. Later City Union Bank has started growing and at present there are 202 branches all over India. City Union Bank introduced computerization in the year 1990 and now all their branches are computerized. ATMs are located at selected branches of City Union Bank. With the objective of imparting need based and result oriented training to its staff members, City Union Bank started a Staff Training college in the year 1989.
City Union Bank Financials and Services
An agreement was signed between Tata Consultancy Services and City Union Bank for introducing Core Banking Solutions (CBS). All the City Union Bank branches are brought under CBS. City Union Bank has joined with Export Credit & Guarantee Corporation Limited [ECGC] for marketing export credit insurance products through its branches. City Union Bank has also obtained License from National Securities Depository Ltd to function as Depository Participant.
For the year ended 31st March, 2008 the gross income of City Union Bank was 68624.63. One of the major advantages of City Union Bank is that it provides net Banking facility. All the branches are connected through internet to avail online service to the customers. City Union Bank allows paying BSNL bill and TNEB bill through online services. It provides customers, a satisfied service.
City Union Bank Products
City Union Bank serves its customers by offering the following products.
# Savings Bank
# Current account
# CUB Classic – Current Account
# Fixed Deposit
# Cash Certificate
# Monthly Savings
# Sri Chakra Deposit
# VIP Deposit
# Flexifix Deposit
# CUB Smart Deposit
# Tax Saver Silver Deposit Account
# Tax Saver Gold Deposit Account
# Resident Foreign Currency-Domestic
# Insurance linked Savings Bank accounts – “CUB Excel”
# Insurance linked Monthly Savings Deposit – “CUB Apoorva”
City Union Bank Services
City Union Bank serves the customers by means of connecting the branches and ATM centers there by facilitating the transactions.
# ATM Services
# RTGS
# NEFT
# Demand Draft
# Standing Instructions
# Nomination facility
City Union Bank Loans
City Union Bank provides loans for buying vehicles, jewels, and home and for personal use.
# CUB Dharani
# CUB Yoha Vahana
# CUB Vidya Vani
# CUB EASY BUSINESS
# CUB Easy Ride
# CUB Swayam graha
# CUB Sulabh
# Consumer Loan
# Loan against Deposit
# Cash Credit Loan
# Secured Over Draft
# Clean Loans/ OD
# Securities Loan
# Jewel Loan
# Bills Finance
# CUBSona
# CUB Bazaar
City Union Bank Utilities
City Union Bank is providing calculators online to calculate interest rates.
1) CALCULATORS
# Deposit Calculator
# Recurring Calculator
# Advance Calculator
2) RATES OF INTEREST
• Deposit Interest
• Advance Interest
3) CHARGES
* Service Charges
* Locker Rentals
City Union Bank application forms – click on the link below to get online application forms.
http://www.cityunionbank.com/home/appli_New.pdf
City Union Bank Central Office address:
City Union Bank Ltd.
149, T.S.R Big Street,
Kumbakonam-612001.
City Union Bank Phone: 0435-2432322,2431622
City Union Bank E-Mail: co@cityunionbank.com
City Union Bank Website: http://www.cityunionbank.com/