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Andhra
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Products
International
Portfolio Investment
PORTFOLIO INVESTMENT SCHEME
NRIs can Invest in Secondary Stock market in India on the floor of the Stock Exchange through
SEBI
Registered
Share
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
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e- NPS by Karvy
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Tie Up with Exch. Houses