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‘How to … ‘ guide to savings and investing.

How to take PAN Card in India

PAN (Personal Account Number) with Income Tax Department is necessary for almost all financial and capital market activities in India. It has become an important document for every Indian citizen. You can apply for PAN Card online or you can engage any share broking firm or bank.

The fee for PAN application is Rs. 49.00, for the despatch outside India it is Rs. 744.00

To apply for PAN online

For step by step guide for filling the form online, payment options, and submitting the documents

Do’s and Don’ts for new PAN application

More options and information on online PAN application


Open an account with Indian share brokerage firm in UAE

Many share brokerage firms in India have either branch or representative office in United Arab Emirates. One should have account with a share brokerage firm in order to invest in Indian share market. Share brokerage firms take care of opening Demat Account and linked bank account. Many banks offer three-in-one account by giving brokerage account, Demat Account and Bank account all in place. Non-banking brokerage firm provide bank account with their associated bank. Brokerage firms also help to take PAN Card. Here is some of the share brokerage firms that have branch or representative office in UAE.

Geojit Financial Service

Geojit Financial Services operates in UAE through its joint venture Barjeel Geojith Securities. It has offices in Dubai, Abu Dhabi, Sharjah and Oman. www.barjeelgeojit.com

ICICIDirect.com

ICICI Webtrade is part of ICICI Bank, largest private bank in India. Contact Number in Dubai: 04 3070307. website: www.icicidirect.com

HDFC Securities

HDFC Securities is part of HDFC Bank in India. It has office and service associates in UAE.  www.hdfcsec.com

Idafa Investments

Idafa Investments based in Mumbai has branches in Hyderabad and Surat. It is one of a few share brokerage firm that provides services and dealing in only Sharia compliant shares and investment products in India.  Once you register at their website, you get access to the list of Sharia compliant shares in India which is updated quarterly. www.idafa.com


How to invest in Share Markets in India

There are two main Stock Markets in India – National Stock Exchange (NSE) in New Delhi and Bombay Stock Exchange (BSE) in Mumbai.

You can either invest online if your share broker has the online facility or by instruction through phone, fax or sms as per your share broker’s facility. In either case, you don’t have to physically present there. You can do it at the comfort of your home or office.

In India, the documentation is very lengthy. You have to sign pages of application forms and agreements which often comes as a booklet. You have to open a Demat Account (where shares are kept), a bank account (where your money is kept) and a brokerage account (to transact) all linked each other for seamless integration. Your share broker will take care of opening all these accounts for you. You just decide which brokerage firm you would like to deal!

Step by step procedure

  1. Take PAN (Personal Account Number) with Income Tax Department
  1. Open an account with an Indian share brokerage firm


How to invest in Share Markets in UAE

How to invest in Share Markets in UAE

There are two main Stock Exchanges in UAE – Dubai Financial Market (DFM) and Abu Dubai Securities Market (ADSM). Dubai International Financial Exchange (DIFX), one recent addition to UAE capital markets also has a few listings of equities.

You can either invest online if your share broker has the online facility or by instruction through phone, fax or sms as per your share broker’s facility. In either case, you don’t have to physically present there. You can do it at the comfort of your home or office.

Step by step procedure

  1. Take investor card from Stock Exchange
  2. Open an account with a share brokerage firm

Now you are ready to invest

  1. Deposit money to broker’s account.
  2. Give order to broker to buy shares (By online, phone, fax etc).
  3. Shares will be credited in your account with Depository at DFM or ADSM.
  4. Give order to broker if you want to sell your holding
  5. Give order to broker if you want the cash back to you bank account

Open an account with share brokerage firm in UAE

Open an account with share brokerage firm in UAE

Almost all banks in United Arab Emirates have share brokerage arm. There are many other independent share brokerage firms also.

Some of the share brokerage firms in UAE

Sharjah Islamic Financial Services LLC: Sharjah Islamic Financial Services, a subsidiary of Sharjah Islamic bank offers its customers and investors a wide range of Islamic Sharia compliant trading tools to allocate, select and manage investments and wealth. Head quartered in Sharjah Expo Centre, its services comprise buying and selling of equity shares in the Dubai Financial Market (DFM) and Abu Dhabi Securities Market (ADSM) in an Islamic Sharia compliant framework, with the added facility of fully secured electronic trading service, from anywhere in the world. Contact Details

EFG-Hermes: EFG-Hermes is the Arab world’s premier investment banking firm and the market leader in securities brokerage, asset management, investment banking, private equity and research. It offers online trading for both Dubai and Abu Dhabi stock markets. Contact details

List of more brokers at DFM


How to get investor card in UAE

How to get investor card in UAE

To start investing in stock markets in United Arab Emirates, you need to take investor card in stock exchanges – Dubai Financial Market (DFM) and Abu Dhabi Securities Market (ADSM). It is fairly easy and documents required is very minimum. Here is the step by step procedures.

Step by step procedure

  1. Fill in simple single sheet application form. You can either fill online or by hand. Either case you need to take print of the form to personally sign and submit at stock exchange. Please visit  DFM form , ADSM Form for form to fill and take print. Printed form is also available at stock exchanges
  2. Attach passport copy
  3. Visit a stock exchange to personally submit the application or engage a broker

Its absolutely free.

For more information please visit DFM and ADSM websites