Portfolio Investment Schemes
Now easily invest in shares of Indian companies with a zero-balance Portfolio Investment Scheme (PIS) account.
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Personal Banking
Reserve Bank of India (RBI) has permitted NRIs to invest in shares / convertible debentures of Indian companies by obtaining a Portfolio Investment Scheme (PIS) approval from a designated bank (Approved by the RBI).
Portfolio Investment Scheme (PIS) allows NRIs to invest in shares of Indian companies, in secondary market, under repatriation or non-repatriation basis in respect of shares or convertible debentures sold or purchased through a registered stock broker on a recognised stock exchange. Any other modes of acquiring shares are not covered under this scheme i.e., shares purchased through IPOs, as resident individuals, bonus shares etc.
YES BANK is authorized by RBI to give PIS permissions for an NRI to transact in Indian Secondary Market.
key attractions
ZERO BALANCE
No minimum balance required to open PIS account
FUND TRANSFER
Internet Banking for PIS accounts with online transfer of funds from NRE/NRO to PIS accounts
features & benefits
Low cost transactions
Low cost transactions and seamless reporting and compliance to RBI
24-hour NetBanking
24-hour NetBanking with online transfer of funds from NRE / NRO to PIS accounts and high security access to your account
Relationship Manager
Dedicated Relationship Manager
PIS PERMISSIONS
YES BANK is authorized by RBI to give PIS permissions for an NRI to transact in Indian Secondary Market.
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YES BANK is authorized by RBI to give PIS permissions for an NRI to transact in Indian Secondary Market.
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Portfolio Investment Scheme (PIS) allows NRIs to invest in shares of Indian companies, in secondary market, under repatriation or non-repatriation basis in respect of shares or convertible debentures sold or purchased through a registered stock broker on a recognised stock exchange. Any other modes of acquiring shares are not covered under this scheme i.e., shares purchased through IPOs, as resident individuals, bonus shares etc.
other benefits
View our hosts of other benefits
View our hosts of other benefits :
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Day end Balances for brokers to set trade margins
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Inter-city banking for banking at any of our branches during your visit to India
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Easy account funding with correspondent banks worldwide
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Choose from the wide range of recognized Brokers on the YES BANK panel
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Quick, Single Form, No minimum balance PIS account opening
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Benchmarked to competition
Fees and Charges
PIS Issuance Charges: Nil
PIS Issuance Charges: Nil
Transaction Fees: INR 100 per contract note (irrespective of transacted quantity or value)
Annual Account Maintenance Fees: INR 500
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