CUB Easy - A Video KYC based Account Opening app - Yet another technology based solution

CUB is launching Video KYC account opening app for enabling customers to do their banking operations from their home, which is very much required at the present time of COVID impact. General public can open a Savings account instantly in few minutes. No more long forms or visiting branches. All they need is their Aadhaar No, a registered mobile number and their PAN to get started. There are only few steps to Open an Account. Customer has to provide Mobile number and E-mail ID for registration and has to enter the Aadhaar Number, OTP from UIDAI, PAN, few personal information and declarations. The Minimal KYC account is created instantly. Customer can set the MPIN for CUB M-banking plus. For full KYC account, the customer has to set up a Video KYC slot as per his/her convenience through this app and he/she will receive an SMS to complete the process. Customer has to keep the ID documents handy and a plain sheet of paper and pen for putting the signature. During the Video call with bank's officials, customer's documents and signature will be captured. Then the account will be a full KYC account and customer can access all banking facilities including Net banking and ATM card.

Shares of CITY UNION BANK LTD. was last trading in BSE at Rs.136.95 as compared to the previous close of Rs. 132.9. The total number of shares traded during the day was 17864 in over 570 trades.

The stock hit an intraday high of Rs. 137.5 and intraday low of 133. The net turnover during the day was Rs. 2431399.

Source : Equity Bulls

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