Rupee Yield Enhancer (Forward Foreign Exchange Contract on FCNR (B) Deposit)

Portfolio Investment Scheme (PIS) - IDBI Bank Portfolio Investment Scheme

Portfolio Investment Scheme is an RBI designated mandatory route for NRIs/PIOs to invest in secondary stock market in India.

Through IDBI Bank Portfolio Investment Scheme (PIS), NRIs can purchase/sell shares and convertible debentures of Indian Companies on a recognised stock exchange by routing such purchase/sale transactions through their account with a Designated IDBI Bank Branch.

Services offered by IDBI Bank under Portfolio Investment Services

• Issuance of PIS Permission letter on behalf of Reserve Bank of India

• Handle mandatory reporting of PIS transactions to Reserve Bank of India

• Computation and deduction of Capital Gains Tax

• Payment of the above taxes to Income Tax authorities

• Issuance of TDS Certificate

• Easy transfer of funds between accounts for smooth operations

• Internet banking facility to access your account from anywhere and anytime

We welcome all your PIS related queries at pis@idbi.co.in