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City Union Bank is an Indian bank,
earlier known as 'The Kumbakonam Bank Ltd.' It was incorporated as a
limited company on 31st October, 1904. It was included in the Second
Schedule of RBI Act of 1934 on 22nd March 1945. The first branch of the
Bank was opened at Mannargudi on 24th Jan.'1930.
The Bank took over the assets and liabilities of the Commonwealth Bank
Limited in 1957 at Aduthurai,Kodavasal,Valangaiman,Jayankondacholapuram
and Ariyalur Branches.
The City Forward Bank Limited and The Union Bank Limited were also
amalgamated in April, 1965. In the same year the name was also changed
to The Kumbakonam City Union Bank Limited.
Products of City Union Bank
The following host of products are offered by the Bank:
- Savings Bank
- Current account
- Fixed Deposit
- Cash Certificate
- Monthly Savings
- Sri Chakra Deposit
- VIP Deposit
- Flexifix Deposit
- CUB Smart Deposit
- Resident Foreign Currency-Domestic
CUB Gold Card Scheme for
Exporters
The Bank has introduced CUB Gold Card Scheme for Exporters to ensure
low rate of interest, remove procedural hassles and timely provision of
financial assistance to the export sector.
This Gold Card is issued for a period of 3 years with automatic renewal
facilities. The card holders is also given preference of packing credit
in foreign currency (PCFC). The charges and fee structure is relatively
lower.
Head Office
City Union Bank,
Kumbakonam,
Chinmayanagar,
Chennai
Website of City Union Bank
www.cityunionbank.com
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