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Portfolio Investment Scheme Account

bank-side account for routing eligible secondary-market share and convertible-debenture purchases and sales through a designated branch, with the customer's broker and demat/trading details mapped to the account.

Service typeNRE Portfolio Investment Scheme bank account and designated-branch transaction-routing serviceFeesPIS annual maintenance ₹1,000 + GST; one-time PIS approval ₹750 + GST; transaction reporting is 0.50%, 0.45%, 0.40%, 0.35%, 0.30% and 0.25% across the published value tiers; broker and demat charges are separate.EligibilitySBI's current linked form is for an NRE PIS account mapped to a KYC-compliant SBI NRE savings account; new customers may submit both account requests together.; The service is available only through selected or designated branches and remains subject to current RBI, securities, repatriation and tax rules.; The linked form says its fees can change and contains apparently malformed lower bounds in the last two transaction-fee tiers; confirm the current tariff and exact breakpoints with the selected branch before applying.
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Portfolio Investment Scheme Account

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: SBI's current linked form is for an NRE PIS account mapped to a KYC-compliant SBI NRE savings account?

Published source: Eligibility

2Do you meet this requirement: new customers may submit both account requests together?

Published source: Eligibility

3Do you meet this requirement: The service is available only through selected or designated branches and remains subject to current RBI, securities, repatriation and tax rules?

Published source: Eligibility

4Do you meet this requirement: The linked form says its fees can change and contains apparently malformed lower bounds in the last two transaction-fee tiers?

Published source: Eligibility

5Do you meet this requirement: confirm the current tariff and exact breakpoints with the selected branch before applying?

Published source: Eligibility

6Document checkDo you have at least one of these required documents: Completed NRE PIS application, applicable RPI and/or NRI format, declarations and undertakings, and broker, demat and trading-account details?

Published source: Eligibility

7Document checkDo you have at least one of these required documents: For new or changed KYC: valid passport copy, valid visa and local-residency proof, Indian/foreign and correspondence-address proofs as applicable, photographs and PAN copy?

Published source: Eligibility

8Document checkDo you have this required document or proof: Qualifying overseas attestation where required by the linked application form?

Published source: Eligibility

9Document checkDo you have this required document or proof: Original purchase and sale contract notes within the form's published 24/48-hour window after execution?

Published source: Eligibility
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 11 Aug 2026 · active
Offered byState Bank of India

Offered through selected or designated branches in India; current page does not state universal branch availability

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Service typeNRE Portfolio Investment Scheme bank account and designated-branch transaction-routing serviceView source
describes an account whose stock-market transactions are routed through the servicing branch.
Source
Portfolio Investment Services
Page / section
Portfolio Investment Services
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Published investment scopeShares and convertible debentures of Indian companies in the secondary market on a recognized stock exchange, through a registered stock brokerView source
The currently linked form defines the route as secondary-market investment in Indian-company shares and convertible debentures through a registered broker on a recognized exchange.
Source
Account Opening Application
Page / section
Page 3 — Portfolio Investment Scheme overview
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Investment basisRepatriation basis under the NRE PIS route, subject to RBI guidelines and overall permissible limitsView source
The form states that its account covers repatriation-basis secondary-market investment and makes eligibility subject to current rules and overall limits.
Source
Account Opening Application
Page / section
Page 3 — Portfolio Investment Scheme overview
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Permitted investment fundingInward remittance of foreign exchange through normal banking channels or funds held in an Indian NRE or FCNR(B) accountView source
The current linked form identifies the two published sources for repatriation-basis funding.
Source
Account Opening Application
Page / section
Page 3 — funding statement
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Account relationshipA separate NRE PIS account, independent of the customer's NRE savings account, is mapped to the SBI NRE savings account and used to settle purchase and sale fundsView source
The form calls the account separate from the savings account, then requires the account to be mapped to an savings account for trade settlement.
Source
Account Opening Application
Page / section
Pages 3-4 — key features and application
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Transaction routingAll eligible sale and purchase transactions are routed through the selected SBI PIS branch, which grants the investment permissionView source
The official page says selected branches offer the service, grant permission, and route all sale and purchase transactions.
Source
Portfolio Investment Services
Page / section
Portfolio Investment Services
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Multiple-bank PIS accountsThe current linked form states that an NRI cannot maintain multiple PIS accounts with different banksView source
The application includes the stated single-bank -account condition; applicants should confirm the current regulatory position with before moving an existing arrangement.
Source
Account Opening Application
Page / section
Page 3 — key features
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Contract-note submissionOriginal purchase and sale contract notes are to be submitted to the designated branch within 24/48 hours of executionView source
The form assigns the responsibility for sending both original contract notes to the designated authorized-dealer branch in the published 24/48-hour window.
Source
Account Opening Application
Page / section
Page 3 — key features
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
PIS annual maintenance fee₹1,000 + GSTView source
The current linked form prints ₹1,000 plus and labels its schedule subject to charges from time to time; this is the standalone bank-side form, not the Securities bundle fee table.
Source
Account Opening Application
Page / section
Page 3 — Schedule of Charges for Account
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
PIS / RBI approval fee₹750 + GSTView source
The current linked standalone application prints ₹750 plus and states that the charge schedule can change.
Source
Account Opening Application
Page / section
Page 3 — Schedule of Charges for Account
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
PIS transaction-reporting fee0.50% for ₹1–₹10,000; 0.45% for ₹10,001–₹50,000; 0.40% for ₹50,001–₹2,00,000; 0.35% for ₹2,00,001–₹5,00,000; then 0.30% and 0.25% in the two higher printed tiersView source
The form publishes six descending commission tiers applied per contract-note net amount. Its last two printed lower bounds appear typographically malformed ('5,00,0001' and '10,00,0001'), so those boundaries are not silently corrected here and must be confirmed with .
Source
Account Opening Application
Page / section
Page 3 — transaction reporting fees
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Broker and demat chargesIndependent of the SBI PIS account charges and payable separately under the chosen broker's demat and trading tariffView source
The form explicitly separates its bank charges from demat, trading, transaction and other broker charges.
Source
Account Opening Application
Page / section
Page 3 — charge note
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Transaction-reporting fee schedulePer contract number on net transaction amount: up to ₹10,000, ₹50; ₹10,001-₹50,000, ₹45; ₹50,001-₹2 lakh, ₹40; ₹2,00,001-₹5 lakh, ₹35; above ₹5 lakh-up to ₹10 lakh, ₹30; above ₹10 lakh, ₹25. Aggregated trades use the highest applicable value tier. Fees are independent of demat, trading and broker charges.View source
All six amount bands, boundary values, aggregation rule and fee-independence note are retained; obvious printed comma-placement errors are normalised without changing thresholds.
Source
Account Opening Application
Page / section
Fee schedule — transaction reporting
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
PIS account charges and balanceAnnual PIS maintenance ₹1,000 plus GST; one-time PIS approval ₹750 plus GST; minimum monthly average balance ₹3,000.View source
All recurring, approval and balance amounts are retained.
Source
Account Opening Application
Page / section
Fee schedule and account conditions
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
FeesPIS annual maintenance ₹1,000 + GST; one-time PIS approval ₹750 + GST; transaction reporting is 0.50%, 0.45%, 0.40%, 0.35%, 0.30% and 0.25% across the published value tiers; broker and demat charges are separate.View source
linked/current material publishes annual maintenance, approval and tiered reporting charges.
Source
Portfolio Investment Services
Page / section
features and linked charge schedule
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
ChannelsSelected SBI PIS branches for permission and transaction routing, with online holding/trading through SBI Demat Services.Effective 13 Dec 2024View source
The page says is offered in selected branches and adds online holding/trading through Demat Services.
Source
Portfolio Investment Services
Page / section
Service description and branch routing
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
EligibilitySBI's current linked form is for an NRE PIS account mapped to a KYC-compliant SBI NRE savings account; new customers may submit both account requests together.; The service is available only through selected or designated branches and remains subject to current RBI, securities, repatriation and tax rules.; The linked form says its fees can change and contains apparently malformed lower bounds in the last two transaction-fee tiers; confirm the current tariff and exact breakpoints with the selected branch before applying.View source
The manually reviewed product record states: “ current linked form is for an account mapped to a -compliant savings account; new customers may submit both account requests together.; The service is available only through selected or designated branches and remains subject to current , securities, repatriation and tax rules.; The linked form says its fees can change and contains apparently malformed lower bounds in the last two transaction-fee tiers; confirm the current tariff and exact breakpoints with the selected branch before applying.”.
Source
Portfolio Investment Scheme Account — official product page
Page / section
Published product metadata
Accessed
11 Aug 2026
Confidence
high
Open official source ↗
Customer typeSBI NRI customers with a KYC-compliant NRE savings relationship who need bank-side PIS routing for repatriation-basis secondary-market investingView source
The manually reviewed product record states: “ customers with a -compliant savings relationship who need bank-side routing for repatriation-basis secondary-market investing”.
Source
Portfolio Investment Scheme Account — official product page
Page / section
Published product metadata
Accessed
11 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Bank-side permission and routing for eligible repatriation-basis secondary-market investment
  • Can be mapped to an savings account and a chosen broker's demat/trading relationship
  • Online share holding and trading can be paired with demat services

Eligibility

  • current linked form is for an account mapped to a -compliant savings account; new customers may submit both account requests together.
  • The service is available only through selected or designated branches and remains subject to current , securities, repatriation and tax rules.
  • The linked form says its fees can change and contains apparently malformed lower bounds in the last two transaction-fee tiers; confirm the current tariff and exact breakpoints with the selected branch before applying.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Completed application, applicable RPI and/or format, declarations and undertakings, and broker, demat and trading-account details
  • For new or changed : valid passport copy, valid visa and local-residency proof, Indian/foreign and correspondence-address proofs as applicable, photographs and copy
  • Qualifying overseas attestation where required by the linked application form
  • Original purchase and sale contract notes within the form's published 24/48-hour window after execution

Related official documents

SBI PIS Account Opening Applicationofficial-application-form · current · accessed 26 Aug 2026
↗
SBI NRI Portfolio Investment Servicesofficial-product-page · current · accessed 29 Aug 2026
↗

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Investment growth projection

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Possible value at the end₹13,03,464thirteen lakh three thousand four hundred sixty-four rupees
Money you put in₹7,00,000seven lakh rupees
Possible growth₹6,03,464six lakh three thousand four hundred sixty-four rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Eligible investments · Published conditionShares of Indian companies and convertible debentures in the secondary market, purchased and sold through a registered broker on a recognized stock exchange; delivery is required.

This value is copied from — investment scope and operating conditions. Check the table notes before relying on it.

Source: Account Opening Application · Pages 1–13 — overview, application and declarations Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 11 rows · 2 columnsSBI NRE PIS — investment scope and operating conditionsScope, limits and operating rules from the current linked 13-page PIS application form.View tableHide table

Scroll sideways to view every column

SBI NRE PIS — investment scope and operating conditions
TopicPublished condition
Eligible investmentsShares of Indian companies and convertible debentures in the secondary market, purchased and sold through a registered broker on a recognized stock exchange; delivery is required.
Issuer-level limit repatriation-basis holding through up to 5% of an Indian company's paid-up capital or the paid-up value of each debenture series, within overall permissible limits.
FundingInward foreign-exchange remittance through normal banking channels or funds held in an /(B) account in India.
Account structureSeparate account mapped to the savings account; the account captures purchase and sale proceeds and reports transactions to .
Single-bank rule cannot maintain multiple accounts with different banks; a transfer from another bank requires closure and a no-objection certificate.
Contract notesOriginal purchase and sale contract notes must reach the designated branch within the printed 24/48-hour window after execution.
Prohibited tradingNo non-delivery, intraday, speculative, short-selling or same-day square-off transactions; cautioned/banned scrips require -compliant handling.
account useNo cheque book, /debit card or third-party transactions on the savings account; only permitted credits/debits and trade settlement are routed.
Minimum average balance₹3,000 minimum monthly average balance.
Securities formAll shares are to be held in dematerialised form; inter-demat or third-party transfers through the route are not permitted.
Attachment checklistValid passport, matching /name, Indian/foreign address pages, valid visa, local residency proof, first/co-holder address proof, photographs with signature across, nominee/guardian photographs where applicable and copy; embassy/consulate attestation where required.
Account Opening Application · Pages 1–13 — overview, application and declarations · accessed 26 Aug 2026Open official source ↗
Table 2 · 10 rows · 2 columnsSBI NRE PIS — schedule of chargesBank-side PIS charges printed on the current application form; broker demat/trading charges are separate.View tableHide table

Scroll sideways to view every column

SBI NRE PIS — schedule of charges
Charge / trade-value bandPublished amount
Annual account maintenance₹1,000 + per year
/ approval₹750 + one time
₹1–₹10,000 net contract value0.50% bank commission
₹10,001–₹50,000 net contract value0.45% bank commission
₹50,001–₹2,00,000 net contract value0.40% bank commission
₹2,00,001–₹5,00,000 net contract value0.35% bank commission
Printed band 50.30%; the source prints the lower bound as 5,00,0001 — preserved verbatim pending confirmation
Printed band 60.25%; the source prints the lower bound as 10,00,0001 and Beyond — preserved verbatim pending confirmation
Aggregation ruleFor multiple lower-value transactions aggregated into a higher net contract amount, the rate for the highest trade value applies to that contract note.
Separate charges charges are independent of demat-account, trading/transaction and other broker charges.
  • The form's two final lower-bound values are typographically malformed. They are deliberately not normalized or guessed.
Account Opening Application · Page 2 — Schedule of Charges for Account · accessed 26 Aug 2026Open official source ↗

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