Understanding the Portfolio Investment Scheme (PIS) for NRIs

A Portfolio Investment Scheme (PIS) account is a scheme that allows Non-Resident Indians (NRIs) to purchase and sell shares and convertible debentures of Indian companies. The Reserve Bank of India (RBI) created the PIS to allow NRIs to invest in India's secondary capital markets.

To invest through the PIS, an NRI demat account is required, and it must be linked with a NRE or NRO account. A demat account for NRIs is essential to facilitate the holding and trading of securities. NRI demat account opening online is available for ease, and understanding the NRI demat account opening procedure is crucial for smooth account setup.

Suppose you are unsure about the differences between a NRI demat account vs normal demat account. In that case, it’s important to note that the former is designed specifically for NRIs and comes with certain benefits.

Additionally, if you're using platforms like zerodha nre account or zerodha nri account, these are great choices to open a demat for nri account. When considering investment options, it’s wise to check the best demat accounts for NRI in India to ensure the best features and services.

Before proceeding with the NRI demat account opening, ensure you have the necessary documents required for opening DEMAT account in India for nri to avoid delays.

Also Read: NRO Demat Account: The Key to Managing Your Indian Investments