Indica
Ask Our Advisor
You can ask our advisor by submitting the form below:

SMART QUOTES

Go
NRI INVESTMENTS

NRI INVESTMENTS




SPECIAL NRI CELL (PORTFOLIO INVESTMENT SCHEME) PIS


Non Resident Indians have been allowed to invest in the Indian Equity markets through Portfolio Investment Scheme (PIS) of the Reserve Bank of India. Indica investments have got special arrangements with PIS designated special branches of various banks like Axis Bank for getting approval from the RBI. It has the necessary infrastructure and the requisite machinery for carrying out trades and reporting the transactions to the RBI. The trading cum Demat a/c is opened with the broker and the PIS a/c is opened withRBI designated PIS branches. The reporting is done whenever any transactions take place. There is an online facility which enables clients sitting overseas to have close access to the transactions taking place in their accounts thereby ensuring complete transparency.