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NRI ›Money Transfer ›Investments ›Portfolio Investment Scheme

Portfolio Investment Scheme
ICICIdirect.com
Mutual Funds

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