City Union Bank's retail clients will now have access to the comfort of seamless, hassle-free online trading in equities, derivatives, IPOs and Mutual Funds through Geojit BNP Paribas' online trading platform. City Union BanloGeojit BNP Paribas interface is developed jointly by City Union Bank and Geojit Technologies (P) Ltd.
The launch of 'CUB-SHARE-TRADE' reflects the Bank's commitment to offer state-of-the-art products and services to its customers. The product will be available to the Bank's customers across the country through its network of 222 branches. City Union Bank's customers can open 3-in-1 integrated accounts comprising of a savings account with the Bank, and a demat account and online trading account with Geojit BNP Paribas. Through CUB-SHARE-TRADE, Bank's customers can block funds in their bank account to purchase shares and can view their demat holdings. In case of sell orders, the trading system will check the balance in their demat account with Geojit BNP Paribas, before sending the order to the Exchange.
Further, City Union Bank's customers can benefit from access to corporate information, technical analysis, research, reuters news, etc. through Geojit BNP Paribas' online trading platform. Geojit BNP Paribas has also set up an exclusive toll-free number (1800 103 5506), e-mail id (email@example.com) and an exclusive team of executives to cater to the needs of the Bank's clients.
The company made this announcement on 15 December 2009.