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NRI PORTFOLIO INVESTMENT SCHEME (PIS) ACCOUNT OPENING FORM Please fill the form in BLOCK LETTERS only. Fields marked i (star) are MANDATORY. Date : D D M M Y Y Y Y Form Type P I S A A A/c. to be opened.

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Transfer/Withdrawal from PIS accounts will have to be done with the prior approval of DPS. Apart from NRE PIS accounts, Trading Account with broker and DP account with our bank or broker has to be opened. Bank will issue daily statement of transactions to NRIs.

NRI PIS and Non-PIS bank accounts allow NRIs and PIOs to invest in securities in India such as mutual funds, equity stocks, IPOs, ETF, bonds, etc....Difference between NRI PIS and Non-PIS. FeaturesPIS Bank AccountNon-PIS Bank AccountSource of fundsCan be repatriableCan be repatriable and non-repatriable4 more rows • Aug 17, 2022

No minimum balance requirement in PIS.

So What is PIS Account? ing 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.

Transfer/Withdrawal from PIS accounts will have to be done with the prior approval of DPS. Apart from NRE PIS accounts, Trading Account with broker and DP account with our bank or broker has to be opened. Bank will issue daily statement of transactions to NRIs.

Since PIS is applicable for shares to be purchased and sold on recognized stock exchanges in India. Tax @ 15% will be deducted if the shares have been held for less than 12 months.

No minimum balance requirement in PIS. Low transactions cost.

Does an NRI require PIS permission to purchase shares in the primary market (IPOs) on repatriable/non repatriable basis? No, as an NRI you can purchase shares in the primary market on repatriable/non repatriable basis and application money can be paid through regular NRE SB/NRO SB Account or through inward remittance.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232