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What if NRI / PIO Investor already holding PIS account?

April 26, 2017account holding investor NRI PIO PIs

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What if NRI / PIO Investor already holding PIS account?

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• The NRI/ PIO Investor needs to transfer his existing PIS account to the bank with which Systematix has tie-up. • No Objection certificate from their present Banker where NRI/ PIO Investor has presently holding their PIS a/c. • Their present Bankers will also issue the list of shares which the customer is holding in their PIS a/c as of date. • As the NRI/ PIO Investor can only open one PIS a/c with only one Bank , NRI/ PIO Investor is required to close the said account with their previous Bank immediately.