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 stockbroker.
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
- IndusInd Bank
- IDFC First Bank
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