Portfolio Investment Scheme

Key Highlights

• Through this scheme of the Reserve Bank of India, NRIs and OCBs can purchase and sell shares and debentures of Indian companies on a recognized stock exchange.
• Transactions can be routed through your NRI Savings Account with a designated bank branch.
• You can choose to invest under repatriation or non-repatriation basis.

What is Portfolio Investment Scheme?

• PIS—a scheme of Reserve Bank of India—enables NRIs and OCBs to purchase and sell shares and convertible debentures of Indian companies on a recognized stock exchange by routing such purchase/sale transactions through their NRI Savings Account with a designated bank branch.

Requirements

• For any transaction in secondary market on repatriable basis, you will require an NRE Savings Account with ICICI Bank .
• For any transaction in secondary market on non-repatriable basis, you will require an NRO Savings Account with ICICI Bank.
• Submit PIS application form in prescribed format for designating the Savings Account as PIS Account on repatriation/non-repatriation basis.

Send the completed document/s to:

To,

The Manager,

ICICI Bank Limited,

Portfolio Investment Services Cell

215, Free Press House

Nariman Point Branch,

Mumbai, Maharashtra

India - 400 021.

E-mail: pins@icicibank.com