Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Service typeNRE Portfolio Investment Scheme bank account and designated-branch transaction-routing service
Source 1Published investment scopeShares and convertible debentures of Indian companies in the secondary market on a recognized stock exchange, through a registered stock broker
Source 2Investment basisRepatriation basis under the NRE PIS route, subject to RBI guidelines and overall permissible limits
Source 3Permitted investment fundingInward remittance of foreign exchange through normal banking channels or funds held in an Indian NRE or FCNR(B) account
Source 4Account 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 funds
Source 5Transaction routingAll eligible sale and purchase transactions are routed through the selected SBI PIS branch, which grants the investment permission
Source 6Multiple-bank PIS accountsThe current linked form states that an NRI cannot maintain multiple PIS accounts with different banks
Source 7Contract-note submissionOriginal purchase and sale contract notes are to be submitted to the designated branch within 24/
Source 8PIS annual maintenance fee₹1,000 + GST
Source 9PIS / RBI approval fee₹750 + GST
Source 10PIS 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 tiers
Source 11Broker and demat chargesIndependent of the SBI PIS account charges and payable separately under the chosen broker's demat and trading tariff
Source 12PIS trading and settlement conditionsOnly delivery-based transactions through a recognised stock exchange are permitted; intraday trading, speculation and short selling are prohibited. Settlement is gross, tax accounting uses FIFO, losses are not set off, sufficient cleared funds must be available, and contract notes must reach SBI within the prescribed reporting period. SBI may outsource tax calculation.
Source 13Transaction-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.
Source 14PIS account charges and balanceAnnual PIS maintenance ₹1,000 plus GST; one-time PIS approval ₹750 plus GST; minimum monthly average balance ₹3,000.
Source 15Benefits and features
- Bank-side permission and routing for eligible repatriation-basis secondary-market investment
- Can be mapped to an SBI NRE savings account and a chosen broker's demat/trading relationship
- Online share holding and trading can be paired with SBI demat services
Eligibility
- SBI'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.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Completed NRE PIS application, applicable RPI and/or NRI format, declarations and undertakings, and broker, demat and trading-account details
- 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
- 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