Portfolio Investment Scheme

  • A Rupee Savings Account to invest in the Indian Secondary Equity Market through PIS

  1. NRI
  2. Investment
  3. Portfolio Investment Scheme

Overview

IndusInd Bank offers a comprehensive Portfolio Investment Scheme (PIS) Account for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs), enabling investments in equity shares of Indian listed companies in accordance with applicable RBI, FEMA (Foreign Exchange Management Act), and regulatory guidelines.

Our end-to-end PIS services ensure seamless transaction processing, regulatory compliance, efficient tax management, and hassle-free investment execution.

Benefits

  1. Seamless settlement of NRI equity purchase and sale transactions executed through empanelled stockbrokers.
  2. Bank takes care of regulatory reporting & payment settlement between customer and the registered stockbroker.
  3. IndusInd computes and deducts applicable Capital Gains Tax on the sale transaction.

Features

  • 3-in-1 Account consisting of NRI Savings Account, NRE PIS Account/NRO Investment Account and Demat Account.
  • Zero Balance PIS Account
  • Automated tax set-off facility
  • Access through Net and Mobile banking
  • Appoint a mandate holder

1. How can I open a PIS Account with IndusInd Bank?

Eligible NRIs and OCIs can open a PIS Account with IndusInd Bank by completing the account opening formalities and submitting the required documents. The Bank offers both face-to-face (through branch/RM) and non-face-to-face (digital) onboarding options for a seamless experience.

2. How does IndusInd Bank facilitate settlement of equity transactions?

IndusInd Bank provides seamless settlement of equity purchase and sale transactions executed through empanelled stockbrokers. Our services include:

  • Efficient fund settlement for equity transactions
  • Dedicated transaction processing support
  • Ongoing transaction monitoring and reporting
  • Regulatory compliance management

3. Does IndusInd Bank support transactions involving shares acquired through Non-PIS mode?

Yes. IndusInd Bank facilitates processing of sale transactions relating to shares acquired through IPO, Rights Issue, ESOP, Inheritance source, Bonus, Merger or Demerger, Gift (where permitted under applicable regulations).

4. Does IndusInd Bank compute Capital Gains on Equity sale Transactions?

Yes. IndusInd Bank computes and deducts applicable Capital Gains Tax on eligible equity sale transactions in accordance with prevailing Income Tax regulations.

Tax computation is based on transaction records available with the IndusInd Bank.

5. Is Capital Loss set-off available?

Yes. IndusInd Bank facilitates eligible capital loss set-off against capital gains within the same financial year.

6. How is surcharge on Capital Gains Tax calculated?

As IndusInd Bank does not have visibility of a customer's total taxable income from all sources, surcharge on Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG), wherever applicable, is deducted at the maximum prescribed surcharge rate of 15%, along with the applicable tax rate.

7. Can NRIs avail benefits under a Double Taxation Avoidance Agreement (DTAA)?

Yes. Eligible NRI customers may avail Capital Gains Tax benefits under the applicable DTAA by submitting:

  • Valid Tax Residency Certificate (TRC)
  • Form 41 (where applicable)
  • Self-declaration and other prescribed documents

DTAA (Double Taxation Avoidance Agreement) benefits are subject to document verification and compliance with applicable tax and regulatory requirements.

8. Can I trade through multiple stockbrokers under the PIS facility?

Yes. IndusInd Bank facilitates trading through multiple registered stockbrokers. Customers can avail this facility through designated broker-wise NRE or NRO accounts, as applicable.

9. Does IndusInd Bank undertake regulatory reporting for PIS transactions?

Yes. IndusInd Bank reports eligible NRI/OCI investment transactions to the designated regulatory authorities in accordance with applicable regulations and reporting requirements.

10. What are the investment limits applicable to NRIs/OCIs under PIS?

Under the Portfolio Investment Scheme:

  • An individual NRI/OCI can invest up to 10% of the paid-up equity capital or 10% of the paid-up value of each series of convertible debentures or preference shares of a listed Indian company.
  • Aggregate investment by all NRIs/OCIs is generally restricted to 24% of the paid-up equity capital of a listed company which can be enhanced by the company, subject to applicable regulatory guidelines.

11. Why choose IndusInd Bank for PIS Services?

IndusInd Bank offers:

  • Zero Balance PIS Account
  • End-to-end transaction processing
  • Capital Gains Tax computation and deduction
  • DTAA benefit processing support
  • Multiple broker trading facility
  • Seamless regulatory reporting
  • Dedicated NRI banking expertise
  • Quick & Convenient account opening.