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What is Portfolio Investment Scheme-PIS?

Portfolio Investment Scheme PIS is the scheme of RBI through which an NRIs and PIOs can buy and sell shares and convertible debentures of Indian companies on a recognized stock exchange in India by routing all their transactions through a designated bank branch on repatriation benefit basis.

There are few branches of some Banks that are designated by RBI that an NRI can have accounts with to invest in Indian Share Market.

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