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Portfolio Investment Scheme (PIS)

Non-Resident Indians (NRIs) who want to invest in Indian stocks and bonds can do so through the Reserve Bank of India’s (RBI’s) Portfolio Investment Scheme (PIS). So What is PIS Account? According to Schedule 3 of the Foreign Exchange Management Act 2000, NRIs can purchase and sell shares as well as convertible debentures of companies registered in India via a recognised stock exchange, by routing these transactions through their account with a designated bank branch. The PIS portfolio investment scheme has been devised by the RBI to enable NRI’s to do so. Now, let’s look at some of the details of the PIS Account. To carry out the purchase and sale of shares through a recognised stock exchange, you will have to set up an account with the designated bank that has a global presence. The investments can be made either through a repatriation basis or a non-repatriation basis. For portfolio investment through the repatriation channel, you require a NRE (Non-Resident External) Rupee

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Portfolio Investment Scheme (PIS)

Non-Resident Indians (NRIs) who want to invest in Indian stocks and bonds can do so through the Reserve Bank of India’s (RBI’s) Portfolio Investment Scheme (PIS). So What is PIS Account? According to Schedule 3 of the Foreign Exchange Management Act 2000, NRIs can purchase and sell shares as well as convertible debentures of companies registered in India via a recognised stock exchange, by routing these transactions through their account with a designated bank branch. The PIS portfolio investment scheme has been devised by the RBI to enable NRI’s to do so. Now, let’s look at some of the details of the PIS Account. To carry out the purchase and sale of shares through a recognised stock exchange, you will have to set up an account with the designated bank that has a global presence. The investments can be made either through a repatriation basis or a non-repatriation basis. For portfolio investment through the repatriation channel, you require a NRE (Non-Resident External) Rupee