Passbooks are compact notebooks issued by a bank to its account holders. They are a physical record of transactions in your account including withdrawals, deposits, interest and other income earned. Passbooks are a simple and reliable way to track account activity, providing users with a tangible snapshot of their financial status.
What is the City Union Bank Passbook?
The City Union Bank passbook is a compact booklet that provides a real-time record of the transactions in your bank account. Whenever there is a deposit, withdrawal, or transfer of funds, your passbook can be updated with an entry of these transactions. You will have to just visit your branch and get the entries entered or printed in the passbook. At present passbooks are integrated with the computer which makes passbook updation much easier. You can print the entries yourself with the passbook printers or kiosks installed in every branch and ATM of the bank. Your entire financial history will be embedded in the passbook and a glance will provide insights into your financial status.
How to Use the City Union Bank Passbook?
City Union Bank provides a passbook to every individual who opens an account with the Bank. Just obtaining a City Union Bank passbook will be of no use if you do not utilise it effectively. You will have to keep a record of all the transactions made in the account for your future reference. This is how you will have to handle your passbook
- Carry the passbook with you whenever you go to the branch to either make withdrawals or deposits. With an immediate entry into your passbook, you will not miss out on any information and will have an updated financial status at all times.
- If you have deposited or issued a cheque, you should get the passbook entry to track the status of the cheque. Sometimes the cheque issued might have returned for some reason or the cheque deposited might have been rejected by the paying bank. You can take immediate action on knowing the reason for returns.
- Updating the passbook at regular intervals will keep you informed about your financial health. If you have to check the balance in your account before issuing a cheque, it is very important to have up-to-date information. Otherwise, there are chances that you will issue a cheque without sufficient balance in the account resulting in the dishonour of a cheque. This will affect your reputation and will also impact financial assessments when you apply for a loan in the future.
- Regular review of your account will help you spot any discrepancies, unauthorised transactions, or unreasonable charges collected by the bank. Reporting the discrepancies to the bank without much delay will help the bank resolve the issue faster.
- Besides all this, keeping your passbook in good condition is also important. Unclear entries in the passbook will be of no use. In such cases, you will have to visit the branch and give a written request for a duplicate passbook
How to Download City Union Bank Passbook?
City Union Bank still follows the manual passbook feature. City Union Bank Online passbook facility is not available. However, you can download the City Union Bank Mobile Banking App and view the transactions in your account. For this, you will need a smartphone and an Internet connection.
City Union Bank provides a passbook to its account holders immediately after opening an account. You can get the passbook updated at periodical intervals by visiting the branch. You can also print the passbook yourself with the Passbook Printing Kiosk provided by the bank at branches and the ATMs of the bank.
If you need a duplicate passbook for valid reasons, you will have to apply for the passbook as given below:
- Write a letter or collect the designated form for lodging a request for a duplicate passbook.
- Provide the following details in the letter
- Account Number
- Name of the Account holder
- Customer ID
- Mobile Number
- Affix your signature and submit the letter along with the copies of documents required by the bank.
The bank will issue a duplicate City Union Bank passbook with the current balance. The bank does not charge for issuing passbooks.
What Are The Details Mentioned in The City Union Bank Passbook?
City Union Bank has not introduced the City Union Bank E-Passbook concept. The manual passbook contains the following details:
- Name of the account holder
- Address of the Account Holder
- Account Number
- Type of Account
- Customer Id
- Branch Name and Address
- IFSC Code of the branch
- Nomination Details
- Mode of maintaining account (single or joint)
- Date of birth
The passbook also contains the details of transactions carried out in the account. The transactions are listed date-wise. The details of transactions include
- Entries of cash withdrawal or deposits along with the date of transaction. When cash withdrawal is done, the name of the payee (self or third party) will also be mentioned.
- When funds are transferred to third parties through the account, the passbook will have details of the payee, purpose of transfer, cheque number, and the amount of transaction.
- Similarly, when funds are transferred from a third party into your account, the details of the drawer, transaction amount, and the purpose of the transfer will also be mentioned.
- For EMI deductions, the details available will be the loan account number and the amount
- Even for interest earned and bank charges, the details of the investment for which interest is earned and the reason for which bank charges are collected will be provided.
- During reconciliation, this detailed information will be of great use and it will resolve any confusion or query you have about a transaction.
Charges to Avail of the City Union Bank Passbook
The bank does not collect any fee for issuing passbooks
Benefits of the City Union Bank Passbook
The City Union Bank Passbook provides several benefits to account holders.
- It enables tracking transactions in real time. This keeps the customers informed about their monetary activities.
- The updation of passbooks is convenient with easy accessibility at any CUB branch.
- The passbook’s physical nature enhances security by reducing the risk of unauthorised access or online hacking.
- It serves as a reliable record of income and expenses for simplified record-keeping and tax purposes.
- Overall, the City Union Bank passbook is a valuable and cost-effective tool for managing finances efficiently.
City Union Bank Passbook : FAQs
The City Union Bank Passbook can be updated at any branch of the bank. Also, you can use the Passbook Printing Kiosk at the branches for updation.
Yes. It is possible to track the transactions in real time provided you get the passbook printed after every transaction. Regular updation of the passbook is important to have up-to-date information about your financial status.
Unauthorised access is very remote unless you do not safe keep your passbook
No. The bank does not collect charges for passbook services. Even when you apply for a duplicate passbook for valid reasons, the bank does not collect charges to issue a duplicate passbook.
Yes. The passbook is a reliable record for accurate income tax filing.
You can find CIF number at the front page of CUB passbook.