Requirement

  • For any transaction in secondary market on repatriable basis, you will require an NRE Savings Account with ICICI Bank .
  • For any transaction in secondary market on non-repatriable basis, you will require an NRO Savings Account with ICICI Bank.
  • Submit PIS application form in prescribed format for designating the Savings Account as PIS Account on repatriation/non-repatriation basis.

Send the completed document/s to:

To,
The Manager,
ICICI Bank Limited,
Portfolio Investment Services Cell
215, Free Press House
Nariman Point Branch,
Mumbai, Maharashtra
India - 400 021.

E-mail: pins@icicibank.com

PIS FAQ's 

Portfolio Investment Scheme (PIS) is a scheme of Reserve Bank of India defined in Schedule 3 of Foreign Exchange Management Act 2000. As per the scheme the NRIs and OCBs can purchase and 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 Bank Branch. (With effect from 29/11/2001 RBI has restricted OCBs from making fresh purchases. They can however continue their existing holdings or sell off the same).