NRI's Services
Non-Resident Indian (NRI) means a “person resident outside India” who is a citizen
of India or is a person of Indian origin"[as per FEMA regulations]
How Can A NRI Invest In Indian Equity Market Portfolio Investment Scheme (PIS)
Portfolio Investment Scheme (PIS) is a scheme of reserve bank of India under this
scheme NRIs can acquire shares/debentures of Indian company, units of domestic mutual
funds through the stock exchange Non Resident Indian (NRIs) can purchase/ sell shares
/convertible debentures of Indian companies on Stock Exchanges under Portfolio Investment
Scheme. For this purpose, the NRI has to apply designated branch of any authorized
bank authorized by reserve bank to administer the PIS (Portfolio Investment Scheme)
to open a NRE (Non Resident External) /NRO (Non Resident Ordinary) account under
the scheme. All sale/purchase transactions are to be routed through the designated
branch.