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  • Investments

    Portfolio Investment Scheme Account

    Easy investments for NRIs in India

Invest in India

NRIs can invest in shares of Indian companies or in the secondary market

Buy, Sell, Repatriate

Shares can be invested in under repatriation or non-repatriation basis.
They can also be bought and sold

Smooth Transactions

The account assists NRIs in getting transactions done in a smooth, seamless and hassle-free manner

Ease of Operation

Authorise a relative of friend to operate the account in your absence

Download Forms

Eligibility and Documentation

Fees and Charges

Features and Benefits

The following cannot open a Portfolio Investment Scheme Account

  • Residents who travel overseas for health and medical check-up
  • Residents who travel overseas for any tour abroad for their short visit whether on excursion or business promotion
  • Residents residing in Bangladesh or Pakistan, without prior approval of RBI
  • Residents residing in Nepal and Bhutan
  • Seafarers employed by Indian shipping companies

Keep your documents ready

In order to open an account customer will have to submit the following documents

  • Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature and observation page, if any)
  • Proof of NRI status, by way of valid Employment/Residence Visa copy or Work/Residence Permit
  • Copy of Indian PAN card
  • Proof of Overseas and Indian Address (as per Customer Identification Policy)
  • Recent passport size colour photograph
  • Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)
  • Copy of Valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy
  • Proof of Overseas and Indian Address (as per Customer Identification Policy)
  • Duly signed and filled-in PIO declaration
  • Copy of Indian PAN Card
  • Recent passport size colour photograph

The address proof must match with the communication address selected by you on this Relationship Form.

  • Passport
  • Bank statement (not more than 3 months old from the date of application) of Overseas or India based bank.
  • Valid Permanent Overseas Driving License
  • Credit Card statement (not more than 3 months old)
  • Company ID Card indicating the address
  • Certificate from Indian Diplomatic Mission stating the contact address
  • Government ID card (SSN / Green Card / PIO card / OCI card)
  • Utility bill (electricity/ gas/phone/ water – not more than 3 months old from the date of application)
  • Appointment letter of overseas Employer Corporate.
  • Letter from foreign University stating the address(for on-campus lodging)
  • Registered Purchase / Sale Deed or agreement
  • Foreign Government issued Identity Card
  • Lease / Rent / Leave and License agreement indicating the address of the customer duly registered with Government or similar registration authority.
  • Valid employment contract letter.
  • Valid employment offer letter.
  • Employer’s certificate for proof of overseas address.
  • Letter from the government postal services confirming the address of the applicant.
  • Permanent Resident Permit / Work Permit mentioning the overseas address. Following are some of the residence permits that have the address Kuwait-Bataaka Madaniya (Civil ID), Saudi Arabia-Iqaama (Residential permit), Oman-Residence Card, UAE-Labour Card , Bahrain-CPR (Central Population registry) Card and Qatar-Residence Card, Singapore/Malaysia Permanent Resident Card
  • Passport (valid as on date)
  • Permanent Driving License, which is valid with the photograph affixed thereon
  • Voter's Identity Card (Election Card)
  • Job Card issued by NREGA duly signed by an officer of the State Government
  • Letter/Card issued by the Unique Identification Authority of India (UIDAI) containing details of name, photograph, address and Aadhaar number. Accordingly, either the physical Aadhaar card/letter issued by UIDAI received through post or the Aadhaar number validated through the e-KYC process is acceptable as an officially valid KYC document for onboarding the customer and for re-KYC purpose

Download Forms

Download Forms

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