Abu Dhabi Commercial Bank (ADCB), Foreign Banks In India

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