Understanding the Portfolio Investment Scheme (PIS): A Flow Chart Guide for NRIs

The Portfolio Investment Scheme (PIS) is a Reserve Bank of India (RBI) initiative that enables Non-Resident Indians (NRIs) to invest in India’s stock markets through their NRE (Non-Resident External) or NRO (Non-Resident Ordinary) accounts. If you’re an NRI looking to build wealth in India, understanding how PIS works is key, and the accompanying flowchart illustrates…