City Union Bank allows customers to open RD (recurring deposits) online using the app — CUB mBank Plus. This functionality has eased the process of opening a recurring deposit account. The minimum deposit amount to open an RD account is ₹100. Customers can enter the value and choose the deposit term online.
Also read: City Union Bank rolls out credit card in tie-up with 42 Card Solutions
Steps to open RD account using CUB mBank Plus
Step 1: Open the CUB mBank Plus mobile app and log on to your account.
Step 2: Click on ‘Investments’ section and select ‘e-deposits’ from the drop-down menu.
Step 3: Select ‘RD’.
Step 4: Enter the details of your recurring deposit, including the deposit amount and term of deposit.
Step 5: Click to submit. You will receive the RD deposit acknowledgment receipt on the screen and email address.
Also read: How to open fixed deposit in City Union Bank online
Here’s how to pay your monthly RD installment dues
Step 1: Open the CUB mBank Plus mobile app and log on to your account.
Step 2: Click on the menu and tap the ‘transfers’ option.
Step 3: Select ‘fund transfer’ from the drop-down menu.
Step 4: Select the ‘own accounts’ option under the payee account detail.
Step 5: Select your RD account under the ‘transfer fund to’ head.
Step 6: Cross-check the details, including the RD value, and proceed to submit.
Also read: Know to check if TNEB connection is linked with Aadhaar
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