The present study is intended to study heat and mass transfer in a vertical annular cylinder embedded with saturated porous medium. The inner surface of cylinder is maintained at uniform wall temperature and uniform wall concentration. The governing partial differential equations are non-dimensionalised and solved by using finite element method (FEM). The porous medium is discritised using triangular elements with uneven element size. Large number of smaller-sized elements are placed near the walls of the annulus to capture the smallest variation in solution parameters. The results are reported for both aiding and opposing flows. The effects of various non-dimensional numbers such as buoyancy ratio, Lewis number, Rayleigh number, aspect ratio, etc on heat and mass transfer are discussed. The temperature and concentration profiles are presented.