Portfolio Investment Scheme
Rupee Yield Enhancer (Forward Foreign Exchange Contract on FCNR (B) Deposit)
Portfolio Investment Scheme (PIS) - IDBI Bank Portfolio Investment Scheme
Portfolio Investment Scheme is an RBI designated mandatory route for NRIs/PIOs to invest in secondary stock market in India.
Through IDBI Bank Portfolio Investment Scheme (PIS), NRIs can purchase/sell shares and convertible debentures of Indian Companies on a recognised stock exchange by routing such purchase/sale transactions through their account with a Designated IDBI Bank Branch.
Services offered by IDBI Bank under Portfolio Investment Services
Issuance of PIS Permission letter on behalf of Reserve Bank of India
Handle mandatory reporting of PIS transactions to Reserve Bank of India
Computation and deduction of Capital Gains Tax
Payment of the above taxes to Income Tax authorities
Issuance of TDS Certificate
Easy transfer of funds between accounts for smooth operations
Internet banking facility to access your account from anywhere and anytime
We welcome all your PIS related queries at firstname.lastname@example.org