{"id":1434,"date":"2024-07-29T16:36:09","date_gmt":"2024-07-29T11:06:09","guid":{"rendered":"https:\/\/flattrade.in\/support\/?post_type=epkb_post_type_1&#038;p=1434"},"modified":"2024-07-29T16:36:24","modified_gmt":"2024-07-29T11:06:24","slug":"what-is-pis","status":"publish","type":"epkb_post_type_1","link":"https:\/\/flattrade.in\/support\/knowledge-base\/what-is-pis\/","title":{"rendered":"What is PIS?"},"content":{"rendered":"<div class=\"zw-paragraph\" data-width=\"553.92\" data-textformat=\"{&quot;size&quot;:12}\">\n<div class=\"zw-line-div\">\n<div class=\"zw-line-content\"><span class=\"zw-portion zw-text-portion\" data-text-len=\"64\">PIS\u00a0stands\u00a0for\u00a0Portfolio\u00a0Investment\u00a0Scheme\u00a0(PIS).\u00a0It\u00a0is\u00a0a\u00a0scheme<\/span> <span class=\"zw-portion zw-text-portion\" data-text-len=\"62\">introduced by the Reserve Bank of India through which NRIs can\u00a0<\/span><span class=\"zw-portion zw-text-portion\" data-text-len=\"61\">purchase or sell shares of companies listed in Indian exchanges.<\/span><span class=\"zw-portion zw-text-portion\" data-text-len=\"1\">\u00a0<\/span><span class=\"EOP-readonly EOP\">\u00a0<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"zw-paragraph\" data-width=\"553.92\" data-textformat=\"{&quot;size&quot;:12}\">\n<div class=\"zw-line-div\">\n<div class=\"zw-line-content\"><span class=\"EOP-readonly EOP\">\u00a0<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"zw-paragraph\" data-width=\"553.92\" data-textformat=\"{&quot;size&quot;:12}\">\n<div class=\"zw-line-div\">\n<div class=\"zw-line-content\"><span class=\"zw-portion zw-text-portion\" data-text-len=\"67\">NRIs\u00a0can\u00a0get\u00a0the\u00a0PIS\u00a0letter\u00a0with\u00a0the\u00a0help\u00a0of\u00a0the\u00a0bank\u00a0where\u00a0the\u00a0NRE<\/span> <span class=\"zw-portion zw-text-portion\" data-text-len=\"61\">or NRO account was opened. RBI has authorized only designated <\/span><span class=\"zw-portion zw-text-portion\" data-text-len=\"61\">branches\u00a0of\u00a0a\u00a0bank\u00a0to\u00a0administer\u00a0the\u00a0PIS.\u00a0To\u00a0open\u00a0a\u00a0Flattrade<\/span> <span class=\"zw-portion zw-text-portion\" data-text-len=\"65\">account, NRIs must have a PIS account with HDFC Bank.<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>PIS\u00a0stands\u00a0for\u00a0Portfolio\u00a0Investment\u00a0Scheme\u00a0(PIS).\u00a0It\u00a0is\u00a0a\u00a0scheme introduced by the Reserve Bank of India through which NRIs can\u00a0purchase or sell shares of companies listed in Indian exchanges.\u00a0\u00a0 \u00a0 NRIs\u00a0can\u00a0get\u00a0the\u00a0PIS\u00a0letter\u00a0with\u00a0the\u00a0help\u00a0of\u00a0the\u00a0bank\u00a0where\u00a0the\u00a0NRE or NRO account was opened. RBI has authorized only designated branches\u00a0of\u00a0a\u00a0bank\u00a0to\u00a0administer\u00a0the\u00a0PIS.\u00a0To\u00a0open\u00a0a\u00a0Flattrade account, NRIs must have a PIS account with HDFC Bank.<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"epkb_post_type_1_category":[93],"epkb_post_type_1_tag":[],"class_list":["post-1434","epkb_post_type_1","type-epkb_post_type_1","status-publish","hentry","epkb_post_type_1_category-nri-account"],"_links":{"self":[{"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/epkb_post_type_1\/1434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/epkb_post_type_1"}],"about":[{"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/types\/epkb_post_type_1"}],"author":[{"embeddable":true,"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/comments?post=1434"}],"version-history":[{"count":1,"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/epkb_post_type_1\/1434\/revisions"}],"predecessor-version":[{"id":1435,"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/epkb_post_type_1\/1434\/revisions\/1435"}],"wp:attachment":[{"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/media?parent=1434"}],"wp:term":[{"taxonomy":"epkb_post_type_1_category","embeddable":true,"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/epkb_post_type_1_category?post=1434"},{"taxonomy":"epkb_post_type_1_tag","embeddable":true,"href":"https:\/\/flattrade.in\/support\/wp-json\/wp\/v2\/epkb_post_type_1_tag?post=1434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}