Access the convenience of purchasing or selling shares and convertible debentures of Indian companies using the NRI Portfolio Investment Scheme (PIS) account* in accordance with the terms and conditions specified under the Foreign Exchange Management Act (FEMA).
Features and benefits of NRI PIS account
- Can be opened under the NRE (Repatriable) category. As per recent RBI guidelines, NRIs should have a separate bank account exclusively for PIS purposes. Account/s can be held in joint names.
- Can be opened at the designated branch i.e. Deutsche Bank House branch, Hazarimal Somani Marg, Fort, Mumbai.
- db OnlineBanking access will be provided for NRI PIS accounts, allowing you to transfer funds to and from your regular NRE / NRO accounts.
- db TradePro the online trading account with Sharekhan Ltd. at zero cost.
- International / Domestic Debit Cards and Cheque books will not be issued on an NRI PIS account.
List of documents
Documents required to be submitted
- NRE PIS account opening form
- Duly signed Bank AD letter
- Primary Market and Transfer Case Annexures
- NRI Declaration and Undertaking
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Apply for NRI Portfolio Investment Scheme
Call 18602666601#
#Customers outside India need to dial +91 22 6601 6601.
Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.
*This service is not available to citizens / residents of USA, Canada and any other country / jurisdiction which prohibits or restricts in any other manner, the sale and solicitation of Indian securities and any other financial products / services.
Deutsche Bank AG, Mumbai Branch (“Bank”) of Deutsche Bank Aktiengesellschaft, a corporation duly organized and existing under the laws of Federal Republic of Germany is regulated in India by Reserve Bank of India. It offers NRI Accounts and related services under the Reserve Bank of India program for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programs, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India. NR deposits with the Bank in India are not insured by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. The insurance available is up to a maximum of One lakh provided by India's Deposit Insurance and Credit Guarantee Corporation. The information provided herein is not directed or intended to be used by any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation within such jurisdiction or would subject the Bank or its affiliates to any licensing or registration requirements.