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Ing an exclusive account for routing all his/her transactions made under PINS Instructions 1. This application form should be duly furnished (each page to be signed) with all mandatory proofs and documents to be submitted to the PINS Cell, ICICI Bank Nariman Point Branch, 215, Free Press House, Mumbai - 21 (contact no. 91-022-22810015) 2. For the purposes of this application various legal terms or their abbreviations viz. NRI , PIO , repatriable , Non-repatriable , Author.

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NRIs can get the PIS letter with the help of the bank where the NRE or NRO account was opened. RBI has authorised only designated branches of a bank to administer the PIS.

PIS Letter is basically an approval from RBI permitting NRI to invest in the Indian market through the designated PIS account only. The PIS accounts are opened as savings bank accounts with the sole purpose of transacting in stock markets. PIS account holders do not receive any chequebook for the account.

The popular banks offering PIS account include ICICI, HDFC, SBI and Axis bank. The PIS account only required for NRIs to trade/invest on a repatriation basis. For investing or trading on a non-repatriation basis, NRI can open an NRO Account (Non-PIS).

You can open a PINS account by approaching the specified bank branches authorised by RBI and will have to link your NRI demat account to your NRE(PINS)/NRO account. You can only hold one PINS account at any given time. You should get in touch with your bank for more details.

Steps for Opening A Demat Account Online Step 1: Choose a DP Website. ... Step 2: Choose the Option 'Open Demat Account' ... Step 3: Fill Out the Demat Account Opening Form with Proper Details and Submit It. ... Step 4: You Will Receive a One Time OTP. ... Step 5: Submit the Required Documents for Demat Account Opening.

An NRI also has the opportunity to make investments in India by using his or her demat account with the help of the Portfolio Investment Scheme (PINS). The plans of PINS allow an NRI to sell units of shares and mutual funds.

Keep your documents ready Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature and observation page, if any) Proof of NRI status, by way of valid Employment/Residence Visa copy or Work/Residence Permit. Copy of Indian PAN card.

Portfolio Investment Scheme (PINS) allows Non Resident Indians (NRIs) or Persons of Indian Origin (PIO) to invest in shares or convertible debentures (sale or purchase) of an Indian company in the secondary market on repatriation or non-repatriation basis through registered stock broker on a recognized stock exchange, ...

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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