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Exclusive privileges for NRIs

  • Automated Regulatory Reporting

  • Auto Settlement of Secondary market transactions

  • Tax Deducted at Source (TDS) on PIS sale transactions

About Portfolio Investment Scheme (PIS)

Open NRE Saving Account

Choose ICICI Bank as your Authorised Bank that offers PIS Services

How to Apply for PIS?

Seamless journey for opening your PIS Account

Link NRE PIS Account

Link your NRE PIS Account to Trading and Demat Account

Simple Transaction Routing

Buy/sell transactions are executed via your NRE PIS Account

Wider Stock Market Access

Trading on listed equities through National Stock Exchange (NSE)/Bombay Stock Exchange (BSE) using your NRE PIS Account

FAQ for PIS Account for NRIs

What is Portfolio Investment Scheme (PIS)?

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

Can an NRI have multiple designated banks for PIS?

No, an NRI can have only one designated bank for PIS.

Can NRE PIS accounts be opened with Joint holders?

NRE PIS accounts can be opened in joint names; however, the PIS approved for the account are applicable only to the primary holder. If joint holder (NRI) wants to trade in the secondary market, they need to open a separate NRE PIS account.

How can an NRI report transaction details to their Authorised Dealer (AD Bank)?

An NRI having PIS with ICICI Bank can send the contract notes to the following address or email the contract note to pins@icicibank.com from their registered email id:

ICICI Bank Limited,
Portfolio Investment Services Cell
215, Free Press House
Nariman Point Branch,
Mumbai, Maharashtra
India - 400 021

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