City Union Bank Current Account

City Union Bank is a fast-growing public sector banking company which provides personalised business banking solutions. City Union Bank is a scheduled commercial bank, and it offers various customized current account banking products to individuals as well as businesses. A current account is a type of demand deposit account which includes deposits, withdrawals of funds, and business transactions. A current account is meant for the business professionals or business enterprise those who deal with huge transactions on a regular basis. The current account allows the business people to carry out unlimited transactions without any limit, subject to a banking cash transaction tax if any levied by the government. In this article, we look at the different types of City Union Bank Current Account in detail.

Features and Benefits – City Union Bank Current Account

The following are some of the main features and benefits of opening a current account with City Union Bank.

A current account is designed to enable businesspeople and self-employed professionals to conduct their business transactions efficiently.
Current accounts do not provide any interest on the balance lying in current accounts with the bank.
It offers a facilities outstation cheque collection for the quicker mobilisation of your funds.
City Union Bank current account offers a premium internet banking facility mainly to manage the accounts and fund transactions and secure bill payment.
It also offers with the easy payment of direct taxes through online.
The account can be transferred to any other branch, and monthly statements can be obtained for the same.
Multi-city chequebooks are given with account opening, and nomination facility is also accessible.
Holding the current account with RBL bank offers with the low costs in inter-city transactions for payable-at-par cheque issuance, funds transfer, NEFT, RTGS or DD/PO.

Eligibility Criteria – City Union Bank Current Account

In general, the below-specified business entities can open a City Union Bank Current Account

Resident Individual
Hindu Undivided Family (HUF)
Sole Proprietorship Firm
Partnership Firm
Private or Public Limited Company
Limited Liability Partnership(LLP)
Trust/ Association/ Club/ Society
Foreign Institutional Investor (FII)
Foreign National Residing in India

Documents Required

The below listed are the documents (KYC) need to be furnished at the time of opening a current account in City Union Bank Bank.

Resident Individual

Prescribed Application Form
Identity Proof: PAN Card, Aadhar Card, Driving License, Voter ID Card, etc.
Address Proof: Aadhar Card, Valid Passport, Utility bill, Property tax bill, etc.
Two passport size colour photographs
Account opening Cheque from existing Savings/Individual Current Account

Hindu Undivided Family (HUF)

Id Proof & Address Proof of the Karta
Deed of declaration of HUF
Photos of karta.

Sole Proprietorship Firm

Pan Card of the firm/ID or address proof
Photos of the partners
ID proof of the person holding POA
Partnership deed
Partnership registration certificate

Public/ Private Limited Company

ID proof of all directors
Pan card with authorized signatures
Incorporation Certificate
Memorandum of Association (MoA)
Articles of Association (AoA).
Board Resolution (BR).

Trust, Society, Association & Club (TASC)

Constitution document of the entity
The updated directors list to be submitted.
Identity Proof: PAN Card (entity)
Address Proof: Aadhar of the sole proprietor or entity, Valid Passport of the sole proprietor, etc.

Limited Liability Partnership (LLP)

Registration Certificate issued by Registrar of LLP.
Identity Proof: PAN Card of the entity
Address Proof: Aadhar of the sole proprietor/ entity, Valid Passport of the sole proprietor, etc.
Two passport size photographs (coloured)
LLP agreement.
Designated partners list (to be updated)

City Union Bank Current Account Products

City Union Bank offers two types of current account products based on the profile of entrepreneurs that can serve the requirements of different businesses. Entrepreneurs or business entities can select the product from the below following, that suits their business requirements. The below products are the City Union Bank current account variants.

Current Account for Individuals

S.No.	City Union Bank Current Account	City Union Bank Current Account Average Monthly Balance (AMB)	Transaction charges	RTGS/NEFT	DD issue
1.	Current Account General	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50
2.	Current Account Classic Plus	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50

Current Account General

This current account fits entrepreneurs like Resident individual (sole or joint account) and Hindu Undivided Family (HUF). The operation mode can be single/ joint, or with E or S, F or S, Anyone or Survivor. This account offers with the Cheque Book and International Debit / ATM Card. It also provides the current account holders with the free CUB Net and CUB Mobile banking. There is free Electronic Fund Transfer across CUB Accounts / NEFT / RTGS / IMPS, SMS alerts and e-Statement facility. There are no withdrawals limits from the account. Nomination facility is also available and recommended.

Current Account Classic Plus

This current account fits entrepreneurs like Resident individual (sole or joint account) and Hindu Undivided Family (HUF). This account serves the facilities almost similar to the current account general. The account holders can take DD up to Rs. 2 Lakhs per day at free of charges.

Current Account for MSME Customers

S.No.	City Union Bank Current Account	City Union Bank Current Account Average Monthly Balance (AMB)	Transaction charges	RTGS/NEFT	DD issue
1.	Current Account General	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50
2.	Current Account Classic Plus	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50

Current Account General

This current account fits entrepreneurs like companies, partnership firms, clubs, associations, religious, educational, charitable trusts and other institutions. The operation mode is based on the mandate. This account offers with the Cheque Book and International Debit / ATM Card. It also offers the current account holders with the free CUB Net and CUB Mobile banking. There is free Electronic Fund Transfer across CUB Accounts / NEFT / RTGS / IMPS, SMS alerts and e-Statement facility. There are no withdrawals limits from the account.

Current Account Classic Plus

Current Account for Corporate Customers

S.No.	City Union Bank Current Account	City Union Bank Current Account Average Monthly Balance (AMB)	Transaction charges	RTGS/NEFT	DD issue
1.	Current Account General	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50
2.	Current Account Classic Plus	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50

Current Account General

This current account fits entrepreneurs like companies, partnership firms, clubs, associations, religious, educational, charitable trusts and other institutions. It also offers the current account holders with the free CUB Net and CUB Mobile banking. There is free Electronic Fund Transfer across CUB Accounts / NEFT / RTGS / IMPS, SMS alerts and e-Statement facility. The operation mode is based on the mandate. It provides almost the same as another current account general.

Current Account Classic Plus

Current Account for Agri and Rural Customers

S.No.	City Union Bank Current Account	City Union Bank Current Account Average Monthly Balance (AMB)	Transaction charges	RTGS/NEFT	DD issue
1.	Current Account General	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50
2.	Current Account Classic Plus	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50

Current Account General

This current account fits the agri and rural people to save the cost of transactions. The operation mode can be Single, Joint, or with E or S, F or S, Anyone or Survivor. It also offers the current account holders with the free CUB Net and CUB Mobile banking. There is free Electronic Fund Transfer across CUB Accounts / NEFT / RTGS / IMPS, SMS alerts and e-Statement facility. It provides almost the same as another current account general.

Current Account Classic Plus

Current Account for Institutions

S.No.	City Union Bank Current Account	City Union Bank Current Account Average Monthly Balance (AMB)	Transaction charges	RTGS/NEFT	DD issue
1.	Current Account General	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50
2.	Current Account Classic Plus	Up to Rs. 1000 - Rs. 45 per month	quarterly average balance (QAB) - free up to 12.5	Inward RTGS/NEFT - Free Outward RTGS/NEFT - Free	Up to Rs.500 - Rs. 50

Current Account General

Current Account Classic Plus

Application Procedure

To open a current account with City Union Bank online, the applicant can apply either by visiting the nearest branch or by filling up a form on its official website. The applicant will have to fill up the online form with the appropriate details. In the case of the latter, the bank official may contact the applicant to take the process further.