Portfolio Investment Scheme Account

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

Enhanced Set-Off Facility at Portfolio level

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.

Salient features:

• Losses to be carried forward till last day of the current Financial Year.
• Losses from NRE A/c can be adjusted against profits from NRO A/c & vice –versa.
• Set-off of losses against future profits.
• Set-off of short term losses at portfolio level.
• Detailed Capital Gains statement at Customer ID level.
  • Single statement at a Customer ID level instead of account level.
  • Detailed computation of set-off.
  • Details of carried forward losses in each account.

Set Off Facility Case Studies