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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

Fees and Charges

Eligibility and Documentation

Features and Benefits

By foreign inward remittance by way of TT, DD, cheque, Travellers cheque, foreign currency, etc., or transfer from existing NRE accounts or FCNR accounts.

  • Non Resident External (NRE)
    • Inward remittances in foreign exchange through normal banking channels;
    • Transfer from applicant’s other NRE accounts or FCNR accounts maintained with AD bank in India;
    • Dividend or income earned on investments under PIS.
    • Net sale proceeds (after payment of applicable taxes) of shares and convertible debentures which were acquired on repatriation basis under PIS and sold on stock exchange through registered broker.
  • Non Resident Ordinary (NRO)
    • Inward remittances in foreign exchange through normal banking channels;
    • Transfer from applicant’s other NRE accounts or FCNR accounts or NRO accounts maintained with AD bank in India;
    • Dividend or income earned on investments under PIS.
    • Net sale proceeds (after payment of applicable taxes) of shares and convertible debentures which were acquired on repatriation (at the NRI’s option) and non-repatriation basis under PIS and sold on stock exchange through registered broker.
  • Non Resident External (NRE)
    • Any charges on account of sale/ purchase of shares or convertible debentures under PIS.
    • Outward remittances of dividend or income earned;
    • Amounts paid on account of purchase of shares and convertible debentures on repatriation basis on stock exchanges through registered broker under PIS.
  • Non Resident Ordinary (NRO)
    • Any charges on account of sale/ purchase of shares or convertible debentures under PIS.
    • Outward remittances of dividend or income earned;;
    • Amounts paid on account of purchase of shares and convertible debentures on non- repatriation basis on stock exchanges through registered broker under PIS.

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