Portfolio Investment Scheme (PIS)

Streamline your NRI Investment plans with South Indian Bank’s PIS account. Our RBI-approved platform allows you to buy and sell shares and debentures through stock exchanges adhering to regulatory requirements. This ensures your investment experience is not just smooth, but also safe and hassle-free, no matter where you are in the world.

Experience Seamless trading facility to ease your investment plans
Enjoy zero minimum balance requirement for the Portfolio Investment Scheme (PIS).
Incur low transaction costs.
Avail competitive tariffs with no hidden charges.
Get assistance on filing short-term and long-term capital gains tax on your behalf
Transfer funds from the SB NRE account to the PIS account via Internet or Mobile Banking.
An exclusive PIS Cell for handling operations and addressing queries.
Support for customers abroad is available through the SIB Representative Office in the UAE.

To avail the benefits of Portfolio Investment scheme, customer must meet the following criteria:

An NRE SB Privilege account with any of our branches.
An NRE PIS account with any of our branches.
An NRE DEMAT account with any of our designated branches.
A trading account with any of our trading partners.

Service	Fees
PIS Issuance Charge	Rs.1000* + GST
Transaction fees for PIS Any number of purchases per day Any number of sales of shares per day	Rs.100+GST Rs.100+GST
Annual Account Maintenance Charge of PIS Account	Rs.1000*+GST

*T&C Apply

The AMC & Issuance charges is to be collected from SB NRE account and in case of insufficient fund the same has to be collected from PIS account.
The daily transaction charges to be collected from PIS/NRE accounts.

To open a PIS account for your NRI investment plans in India, follow these steps:

1) Online:
- Through SIB Mirror+: Go to Investment -> PIS Account Opening
- Through SIBerNet: Navigate to Investment -> PIS Account Opening

2) Offline:
- Visit the nearest South Indian Bank branch with the required supporting documents to open your PIS account.

Terms and conditions for opening Portfolio Investment Scheme (PIS) account through SIBERNET & Mirror Plus

KYC Documents Required for opening PIS account:-

A passport-size photograph.
Valid Passport and Visa
Pan Card
Local and Overseas Address proof.

List of Geojit Financial Services Ltd offices abroad

Frequently Asked Questions

Get answers to your queries

NRIs and Persons of Indian Origin (PIOs) who meet the RBI’s criteria can open a PIS account.

You can transfer funds from your NRE account to your PIS account through SIB Mirror+ or SIBernet.

If the status of an individual as NRI is lost, then such an individual will not be eligible to maintain the account under the Portfolio Investment Scheme. The NRI has to inform the bank of this fact and may be advised to close the PIS account or convert the same into a regular account as per the bank's policy and RBI guidelines.