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Portfolio Investment Scheme
- 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.
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:
ICICI Bank Limited,
Portfolio Investment Services Cell
215, Free Press House
Nariman Point Branch,
India - 400 021.