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Home > NRI Services > Portfolio Investment Scheme (PIS)  
 
 
  Portfolio Investment Scheme (PIS)

What is PIS?

Portfolio Investment Scheme is an RBI designated mandatory route for NRIs/PIOs to invest in secondary stock market in India.

PIS allows purchase and sale of shares/convertible debentures of listed Indian companies on a recognized stock exchange in India.

Services offered by IDBI Bank
  • Issuance of PIS Permission letter on behalf of Reserve Bank of India
  • Handle mandatory reporting of PIS transactions to Reserve Bank of India
  • Computation and deduction of Capital Gains Tax
  • Payment of the above taxes to Income Tax authorities
  • Issuance of TDS Certificate
  • Easy transfer of funds between accounts for smooth operations
  • Internet banking facility to access your account from anywhere and anytime
Portfolio Investment scheme (PIS) Account opening form
Frequently Asked Question on PIS
 
  We welcome all your PIS related queries at pis@idbi.co.in  
     
     
     
     
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