Can an NRI open a PMS account?
Yes, NRIs can invest in PMS schemes on a repatriation and/ or non-repatriation basis, by opening a Portfolio Investment Scheme (PIS) bank account as per RBI guidelines.
If you are an NRI looking to invest through Geojit, kindly open your PIS account with one of the following banks with which we have a tie-up:
- Axis Bank
- BBK (Bank of Bahrain & Kuwait)
- Federal Bank
- HDFC Bank
- South Indian Bank
- IDBI
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