- NRE Rupee Deposit
- NRE Recurring Deposit
- NRO Rupee Deposit
- NRO Recurring Deposit
- Foreign Currency Non Resident (FCNR) Deposit
- NRI Pro Foreign Currency Deposit
- NRI Pro Rupee Deposit
- Resident Foreign Currency Term Deposit
- Fixed Deposit Plus
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.
Invest in India
Buy, Sell, Repatriate
Enhanced Set off Facility
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
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.
Low cost of transaction
Seamless reporting to RBI and complying with all statutory regulations on your behalf
Calculation of capital gains tax and issuance of tax deduction certificate
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.
24x7 account access through secure internet banking facility and free iConnect
In order to cater to the specific needs of the NRI customers and provide value added benefits, we have now started offering Enhanced Set-off facility to all the NRIPIS customers at portfolio level w.e.f 1st April 2016. The enhanced set off facility will be applicable only for short term equity transactions and will be available for the entire financial year.
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