Non- Resident Indian (NRIs) can purchase or sell shares/convertible debentures of Indian companies in Secondary Market through Stock Exchanges under the Portfolio Investment Scheme up to the limits prescribed by RBI. The investment of NRI funds in equity market is controlled by various regulations/caps, and hence NRIs can participate in the Indian equity market through the PIS route.
Portfolio Investment Scheme focuses on NRI transactions in secondary market either in repatriation/non repatriation basis channeled through designated Bank Branch and reconciles them. South Indian Bank is authorized by RBI to offer the Portfolio Investment Scheme for NRIs and has tie-up with M/s Geojit BNP Paribas Financial Services Ltd for operations.
Requirements for availing Portfolio Investment Scheme
Fee and Charges:
For more details contact SIB PIS Cell, Ernakulam NRI branch, Kadavanthra, Ernakulam
Ph: 0484 2204455, Fax: 0484 2204452, Email [email protected]
List of Geojit BNP Paribas offices abroad