The full form of PIS is Portfolio Investment Scheme

• Through this scheme of the Reserve Bank of India, NRIs and OCBs can purchase and sell shares and debentures of Indian companies on a recognized stock exchange.
• Transactions can be routed through your NRI Savings Account with a designated bank branch.
• You can choose to invest under repatriation or non-repatriation basis.

• PIS—a scheme of Reserve Bank of India—enables NRIs and OCBs to purchase and sell shares and convertible debentures of Indian companies on a recognized stock exchange by routing such purchase/sale transactions through their NRI Savings Account with a designated bank branch.

• 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.