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Which transactions are not allowed under PIS?

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The transactions which are not covered under PIS account are:

  • The shares not purchased under the PIS account cannot be sold under PIS.
  • IPOs or shares purchased as resident Indians.
  • Fresh subscription made for IPOs as an NRI
  • Mutual fund investment.
  • Equity Derivatives investment.

Topic: NRE PIS Bank Account Defenition

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Find more questions on this topic

  1. Who can open NRE PIS account?
  2. Can I hold multiple NRE PIS accounts?
  3. How to open NRE PIS account?
  4. What is the difference between NRI PIS and Non-PIS Bank Account?
  5. What are the bank charges to open a PIS account?
  6. Can NRI have two PIS accounts?
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