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BEST FOR

Exclusive Privileges for NRIs

  • Automated Regulatory Reporting

  • Auto Settlement of Secondary market transactions

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

About the Product

Open NRE Saving Account

Choose ICICI Bank as your Authorised Bank that offers PIS Services

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

FAQs

What is Portfolio Investment Scheme (PIS)?

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

What are the documents required to open PIS account?

NRI should submit self-attested photocopies of below documents, while applying from India or overseas:

  • Passport: First and last four pages (including name, address, date of birth, date/place of issue, expiry date, photograph, and signature).
  • Valid work/employment/residence visa or permit.
  • OCI / PIO Card (in case of foreign passport)
  • PAN Card
  • CKYC Annexure
  • Address proof – View full list here

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)?

NRI having PIS with ICICI Bank can send the contract notes (summary of trades executed) 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

VIEW ALL FAQs

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