Portfolio Investment Scheme(PIS)

Portfolio Investment Scheme(PIS)


Reserve Bank of India (RBI) has permitted NRIs to invest in shares/convertible debentures of Indian companies through Portfolio Investment scheme (PIS) of designated banks approved by RBI.

PIS allows NRIs to invest in shares of Indian companies, in secondary market for purchase/sale of shares or convertible debentures through a registered stock broker on a recognised stock exchange on repatriable and non repatriable basis. Federal Bank is authorised by RBI to issue Permission Letter to NRIs on behalf of RBI to transact in secondary market.



Product Type:
Portfoilio Investment Scheme


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