Portfolio Investment Schemes
Now easily invest in shares of Indian companies with a zero-balance Portfolio Investment Scheme (PIS) account.
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.
No minimum balance required to open PIS account
Internet Banking for PIS accounts with online transfer of funds from NRE/NRO to PIS accounts
Low cost transactions and seamless reporting and compliance to RBI
24-hour NetBanking with online transfer of funds from NRE / NRO to PIS accounts and high security access to your account
Dedicated Relationship Manager
YES BANK is authorized by RBI to give PIS permissions for an NRI to transact in Indian Secondary Market.
YES BANK is authorized by RBI to give PIS permissions for an NRI to transact in Indian Secondary Market.
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.
View our hosts of other benefits
View our hosts of other benefits :
Day end Balances for brokers to set trade margins
Inter-city banking for banking at any of our branches during your visit to India
Easy account funding with correspondent banks worldwide
Choose from the wide range of recognized Brokers on the YES BANK panel
Quick, Single Form, No minimum balance PIS account opening
Benchmarked to competition
PIS Issuance Charges: Nil
PIS Issuance Charges: Nil
Transaction Fees: INR 150 per contract note (irrespective of transacted quantity or value)
Annual Account Maintenance Fees: INR 500
Documents Required
Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more
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