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Portfolio Investment Scheme (PIS) is a scheme of Reserve Bank of India under which Non Resident Indians (NRIs) can purchase/sell shares/convertible debentures of Indian companies on Stock Exchanges. For this purpose, the NRI/PIO has to apply to a designated branch of a bank, which deals in Portfolio Investment. All sales/purchase transactions are to be routed through the designated branch.
Know more about NRI Trading in our Knowledge Base Section.