PORTFOLIO INVESTMENT SCHEME:

• NRIs can Invest in Secondary Stock market in India on the floor of the Stock Exchange through SEBI RegisteredShare Brokers only

• PIS Transactions to be routed through a single DesignatedOne Branchof One Bank  - authorized by RBI

• NRI Investments on Repatriation / Non-Repatriation Basis is subject to ceilingprescribed from time to time

• NRI to submit form NRI/NRC (Non-repatriation basis) or RPE/RPC (Repatriation basis) to designated Branches

• NRI to furnish an undertaking to that effect that the applicant has no dealing / will not deal with any other branch / bank under PIS

• Authorized branches will give one time permission

• Funds for Investments may be fresh remittances or from NRE / FCNR accounts maintained with the bank

• Transactions have to be on delivery basis

• Sale proceeds / Income earned may be repatriated subject to payment of applicable taxes

• The gains on these transactions are subject to applicable short term or long term Capital Gains