NRI FD Rates

Portfolio Investment Scheme Account

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

Smooth Transactions

Enhanced Set off Facility

Buy and sell on a recognised stock exchange in India

The Portfolio Investment Scheme (PIS) account enables NRIs to invest in shares of Indian companies, offering options for both repatriation and non-repatriation. This facility underscores the flexibility of the PIS account for NRI investors under the Portfolio Investment Scheme.

They can now buy and sell shares or convertible debenture through a registered stock broker on a recognised stock exchange in India

Complete your transactions with ease

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.

Enjoy low costs and RBI compliance

Low cost of transaction

Seamless reporting to RBI and complying with all statutory regulations on your behalf

Stay compliant with applicable tax laws

Calculation of capital gains tax and issuance of tax deduction certificate

Authorise a friend or relative to operate the account

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.

Access your account at any time

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

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