• 3.5% - 6%Know More

Banking is now at your fingertips with Axis Mobile! Give a missed call to 8422992272 to receive the download link for Axis Mobile via SMS

close

By continuing to use the site, you are accepting the bank’s privacy policy. The information collected would be used to improve your web journey & to personalize your website experience.

Axis Bank logo

Portfolio Investment Scheme Account

With the Portfolio Investment Scheme, you can purchase and sell shares and debentures of Indian companies on a recognized stock exchange under repatriation or non-repatriation basis. You can also access this account at anytime online. For the detailed list of features and benefits for the same, please go through the points listed below.

Buy and sell on a recognised stock exchange in India

  • Portfolio Investment Scheme (PIS) Account allows NRIs to invest in shares of Indian companies under repatriation or non-repatriation basis.
  • They can now buy and sell shares or convertible debenture through a registered stock broker on a recognised stock exchange in India
Read More

Complete your transactions with ease

The account will assist NRIs in getting their transaction done in a smooth, seamless and hassle-free manner. Any other modes of acquiring shares are not covered in this scheme such as shares purchased through IPOs, as residents, bonus shares etc.

Read More

Enjoy low costs and RBI compliance

Low cost of transaction

Seamless reporting to RBI and complying with all statutory regulations on your behalf

Read More

Stay compliant with applicable tax laws

Calculation of capital gains tax and issuance of tax deduction certificate

Read More

Authorise a friend or relative to operate the account

Mandate of Power of Attorney facility is available so that in your absence from the country you can authorise your relative or friend to operate conduct banking transactions on your behalf.

Read More

Access your account at any time

24x7 account access through secure internet banking facility and free iConnect

Read More

Avail of our new set off facility

  • In order to provide distinctive customer solution and improve customer experience, we have now started providing Set off facility within a contract note from April 1, 2014.
  • The set off will be provided only for equity transactions within a contract note.
  • The Bank will be able to set off losses against capital gains on equity shares only.
  • The benefit of set off of losses is available per contract note basis (i-e: losses made in one contract note can be set off against the gains made within that contract note only).
  • The bank will report purchase and sale contract notes on FIFO basis recorded with the bank and compute capital gain tax accordingly.

Set Off Facility Case Studies

Read More

NRI Easy Guide

NRI Easy Guide

x