Abu Dhabi Commercial Bank started its business
in India in 1980 looking to the fact that India is a major trading
partner in U.A.E. import trade.
The trade relationship between the two nations has flourished with the
advent of technology, advanced communication, sophisticated
transportation and of course, efficient financial services.
Services Offered by Abu Dhabi Commercial Bank in India
Account opening: Individuals, Corporates and Brokers can avail
this facility of opening an account.
Dematerialisation: ADCB converts physical securities into an
equal number of securities in electronic form. After processing, on
request by customers, the certificate alongwith the DRF is sent to the
company who will arrange to credit to the customers DP account.
Transfer of securities: Once the depository account is opened,
the transfer of securities in the electronic form is effected to and
from stock exchanges linked to NSDL. The Bank assists the customers for
receiving/delivering securities to complete transactions concluded
outside the stock exchanges (off market trades).
Keeping track of the securities: The Bank provides monthly
statement of DP account reflecting details and quantity of shares owned
by the customers.
Pledge: An investor can pledge his securities as collateral for
availing financial assistance for personal needs.
Freeze/Defreeze of accounts: The Bank assists its customers for
freezing their account, if they choose so, for a particular time period
and no transaction will take place in the DP account. Similarly,
customers can also defreeze the account to facilitate transactions when
in need.
Rematerialisation: ADCB also assists the customers to reconvert
back the securities into physical form against specific requests.
Abu Dhabi Commercial Bank NRI Services
Since NRI can invest in shares and securities on repatriable and / or
non-repatriable basis depending on the origin of funds (funds emanating
from NRE or NRO accounts) for investment, the following requisites of
the RBI permission is applied:
| DP account opened on |
Type of transaction |
RBI permission required/not
required |
| 1) Non - Repatriable basis |
Primary market purchase/sale |
Not required |
| 2) Non - Repatriable basis |
Secondary market purchase/sale |
Required (general permission issued by
designated Authorised dealer) |
| 3) Repatriable basis |
Primary market purchase/sale |
Not required |
| 4) Repatriable basis |
Secondary market purchase/sale |
Required (general permission issued by
designated Authorised dealer) |
Cash Against Shares (C.A.S.H)
C.A.S.H is an overdraft facility by ADCB against financial securities.
It enhances the liquidity of customers, giving the freedom to utilize
the money for their business / personal needs.
Advantages of C.A.S.H.
- Prime Interest rates
- No Annual Fee
- Highest loan limit (Maximum Rs.20,00,000/- for individual)
- Convenience (Instant access to credit line, by simply writing a
cheque
- Savings (Pay interest only on the amount you withdraw)
- Flexible Payments (Convenient repayment option)
ADCB Branch addresses in India
Mumbai Branch
Abu Dhabi Commercial Bank
Rehmat Manzil,
75, Veer Nariman Road,
Churchgate,
Mumbai 400020 - INDIA
Tel : +91 22 22855658
Fax : +91 22 22870686
NRI Centre
Abu Dhabi Commercial Bank,
NRI Centre,
143, Soona Mahal,
Netaji Subhash Marg,
Mumbai 400020 - INDIA
Tel : +91 22 22830184
Fax : +91 22 22855655
Bangalore Branch
Abu Dhabi Commercial Bank,
Citi Centre,
28 Church Street,
Bangalore 560001 - INDIA
Tel: +91 22 5582000
Fax: +91 22 5582323
Website of Abu Dhabi Commercial Bank
www.adcbindia.com
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