What is Portfolio Investment Scheme (PIS)?

PIS is a scheme of the RBI under which NRIs can purchase and sell shares on the Indian stock exchanges through a registered stock broker.

NRIs can invest in PMS schemes on a repatriation and/ or non-repatriation basis, by opening a PIS bank account with one of the following banks with which we have a tie-up:
  • Axis Bank 
  • BBK (Bank of Bahrain & Kuwait) 
  • Federal Bank 
  • HDFC Bank 
  • South Indian Bank
  • IDBI

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