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What is a Portfolio Investment Scheme Account (PIS)?

April 26, 2017account Investment PIs portfolio Scheme

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What is a Portfolio Investment Scheme Account (PIS)?

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In order to invest in Indian Secondary market, An NRI should open a special account, which is using only for the investments in shares. RBI has authorized a few banks to open and operate such accounts for NRIs. These accounts are called Portfolio Investment Scheme Accounts (PIS).