Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is Portfolio Investment Scheme (PIS)?

April 26, 2017Investment PIs portfolio Scheme

0

10 Posted

What is Portfolio Investment Scheme (PIS)?

2 Answers

0

10 Posted

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 Persons of Indian Origin (PIOs) can purchase and sell shares/ convertible debentures of Indian Companies through an authorized broker on a recognized stock exchange in India, by routing all such purchase/ sale transactions through a dedicated account held with a branch of a Designated Bank.

0

Posted

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 Persons of Indian Origin (PIOs) can purchase and sell shares / convertible debentures of Indian Companies through an authorized broker on a recognized stock exchange in India, by routing all such purchase / sale transactions through a dedicated account held with a branch of a Designated Bank.