What is the role of a PIS letter for NRIs in stock investments?
Portfolio Investment Scheme is the scheme of the Reserve Bank of India (RBI) that helps Non-Resident Indians (NRIs) to Buy or Sell Equity shares in the Indian stock markets.
PIS letter is to be issued by the bank where you have opened your NRE/NRO account and the transactions will take place.
Note: We will assist in getting the PIS letter on the client’s request and also help in opening the NRE and NRO bank account with our banking partners. To know more about our Bank tie-ups for opening a PIS Account, refer to this article.
To initiate the NRI account opening, kindly fill in your details here.
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