What is a Portfolio Investment Scheme?

19 June, 2025

​​​​​​​Synopsis

• For investments via repatriation, an NRE PIS account is required along with NRE demat and trading account with stock broker.

• For investment via non-repatriation, an NRO Securities account is required along with NRO demat and trading account with stock broker.
  
  

What is a PIS Account?

Non-resident Indians (NRIs) who want to invest in Indian stocks and debentures can do so through the Reserve Bank of India’s (RBI’s) Portfolio Investment Scheme (PIS). This scheme allows NRIs, Foreign Institutional Investors (FIIs) and People of Indian Origin (PIOs) to invest in the Indian primary and secondary markets on repatriation and non-repatriation basis.

A PIS account is opened by NRIs to invest in the Indian stock and debenture market. PIS account captures the sales and purchases carried out through the account, which the bank then reports to the RBI.

The HDFC Bank offer the facility of NREPIS account and NRO securities account for NRIs who deal in shares with any registered broker in India.

NRI is permitted to buy or sale shares/convertible debentures through multiple brokers at a time who are an authorized member of a recognized stock exchange.

But, the NRIs cannot have multiple NRE PIS permissions with different banks. However, it is possible to open multiple NRE PIS accounts with the same bank under the same NRE PIS permission letter.

To know more on Fees and Charges, click here

Unique feature of HDFC Bank PIS?

• HDFC Bank facilitates computation of capital gain tax as per latest income tax guidelines on non PIS transactions as well Such as securities/bonds sold on stock market floor other than equity.

• PIS customer can avail the sweep in facility between NRO SB / NRE SB to NRO Securities account /NRE PIS vice versa.

• Seamless process of settlement of Payin /Payout in to NRO securities and NRE PIS Bank account.

• While computing the capital gain tax, HDFC banks set off losses against capital gains on sale of equity instruction. 
  
  

Most banks provide the PIS facility for NRIs. HDFC Bank also provides this facility to its NRIs Account holder having NRE/ NRO bank account with us. You may visit your nearest HDFC branch or contact your HDFC Bank Relationship Managers to learn more about the portfolio investment scheme account.

Know more on Documents and process of opening Portfolio Investment Schemes Account, click here

Looking to open an NRI Account? Click here to get started!

Disclaimer: * Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only.