PIS – Portfolio Investment Scheme

Streamline your NRI investment plans with South Indian Bank’s PIS account. Our RBI-approved platform allows you to buy and sell shares and debentures through stock exchanges all while adhering to regulatory requirements. This ensures your investment experience is not just smooth, but also safe and hassle-free, no matter where you are in the world.

Experience Seamless trading facility to ease your investment plans
Enjoy zero minimum balance requirement for the Portfolio Investment Scheme (PIS).
Incur low transaction costs.
Avail competitive tariffs with no hidden charges.
Get assistance on filing short-term and long-term capital gains tax on your behalf
Transfer funds from the SB NRE account to the PIS account via Internet or Mobile Banking.
An exclusive PIS Cell will handle operations and address queries.
Support for customers abroad is available through the SIB Representative Office in the UAE.

To avail of the Portfolio Investment scheme and trade while abroad, a customer must have the following NRI Banking accounts:

An NRE SB Privilege account with any of our branches.
An NRE PIS account with any of our branches.
An NRE DEMAT account with any of our designated branches.
A trading account with any of our trading partners.

Service	Fees
PIS Issuance Charge	Rs.1000* + GST
Transaction fees for PIS Any number of purchase of shares/company on a contract note Any number of sale of shares/company on a contract note	Rs.100+GST Rs.100+GST
Annual Account Maintenance Charge of PIS Account	Rs.1000*+GST

*Waived for NRE Diamond and above accounts.

The AMC & Issuance charges is to be collected from SB NRE account and in case of insufficient fund the same has to be collected from PIS account.
The daily transaction charges to be collected from PIS accounts.

To open a PIS account for your NRI investment plans in India, follow these steps:

Ensure that you have all the documents supporting that you are an NRI or PIO to meet the RBI guidelines
Open the following NRI Accounts if you don’t already have them:
- NRE SB Privilege Account.
- NRE DEMAT Account.
- A trading account with any of our trading partners.
Visit the nearest branch by providing the required documents or apply online through SIB Mirror+ or SIBerNet

Once your account is open, you can immediately start trading under the PIS scheme.

Terms and conditions for opening Portfolio Investment Scheme (PIS) account through SIBERNET & Mirror Plus

To ensure a quick and smooth process, scan all your documents and have them ready before you fill out the application form. Here are the documents required to open an SIB NRE PIS Account.

A passport-size photograph.
Valid Passport and Visa
Pan Card
Local and Overseas Address proof.

List of Geojit Financial Services Ltd offices abroad

Frequently Asked Questions

To get answers to the frequently asked queries

A PIS account routes investments made under the PIS, and the DEMAT account holds your securities inelectronic format. In other words, you would need to have both accounts to trade in Indian markets.

Yes, a Joint PIS Account can be opened with another person. All account holders should be individually eligible to open the account as per the RBI’s guidelines from time to time and the guidelines applicable to NRIs/PIOs.

If the status of an individual as NRI is lost, then such an individual will not be eligible to maintain the account under the Portfolio Investment Scheme. The NRI has to inform the bank of this fact and may be advised to close the PIS account or convert the same into a regular account as per the bank's policy and RBI guidelines.

You can transfer funds from your NRE account to your PIS account towards investing.

NRIs and Persons of Indian Origin (PIOs) who meet the RBI’s criteria can open a PIS account.

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