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Top PIS (PORTFOLIO INVESTMENT SCHEME) What is PIS?

April 26, 2017Investment PIs portfolio Scheme

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Top PIS (PORTFOLIO INVESTMENT SCHEME) What is PIS?

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Portfolio Investment Scheme (PIS) is a scheme of the Reserve Bank of India (RBI) defined in Schedule 3 of Foreign Exchange Management Act 2000 under which the ‘Non Resident Indians (NRIs)’ and ‘Person of Indian Origin (PIOs)’ can purchase and sell shares and convertible debentures of Indian Companies on a recognized stock exchange in India by routing all such purchase/sale transactions through their account held with a Designated Bank Branch.