Portfolio Investment Scheme Account

The following cannot open a Portfolio Investment Scheme Account

• Residents embarking on international trips for health and medical check-ups are included in the Portfolio Investment Scheme eligibility criteria, allowing them to participate in PIS account activities.
• Those travelling abroad for brief tours, whether for leisure, excursions, or business promotion, also qualify for PIS account eligibility, highlighting the scheme's accessibility.
• However, residents living in Bangladesh or Pakistan require the Reserve Bank of India's (RBI) prior approval to be eligible under the Portfolio Investment Scheme, indicating specific restrictions within the PIS eligibility framework.
• Similarly, residents of Nepal and Bhutan are encompassed within the scope of individuals eligible for participation in the PIS, showcasing the geographical inclusivity of the scheme.
• Seafarers employed by Indian shipping companies are also recognized as eligible for the Portfolio Investment Scheme, further broadening the eligibility criteria for opening a PIS account.

• 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

• 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 2 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
• Letter from National Population Register confirming details of Name , Address