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Frequently Asked Questions

What is Portfolio Investment Scheme (PINS)?

Portfolio Investment Scheme (PINS) allows Non Resident Indians (NRIs) or Persons of Indian Origin (PIO) to invest in shares or convertible debentures (sale or purchase) of an Indian company in the secondary market on repatriation or non-repatriation basis through registered stock broker on a recognized stock exchange, subject to terms and conditions as specified in FEMA.

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Does an NRI/PIO require PINS account to purchase shares in primary market (IPOs) on repatriable basis?

No, PINS account is mandatory only once the transactions are routed through secondary market. In case of purchase of shares in primary market on repatriation basis, the application money can be paid through NRE accounts or inward remittance through normal banking channel.

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Does an NRI/PIO require PINS account to purchase shares in primary market (IPOs) on non- repatriable basis?

No, PINS account is mandatory only once the transactions are routed through secondary market. In case of purchase of shares in primary market on non-repatriation basis, the application money can be paid through NRE/NRO accounts or inward remittance through normal banking channel.

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Does an NRI require PINS account to sell shares, purchased in primary market (IPOs) on repatriable/non-repatriable basis?

No, NRIs don’t require PINS account to sell shares, purchased in primary market (IPOs) on repatriable/non-repatriable basis.

What is Kotak BillPay?

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Does an NRI require PINS account to sell shares which were allotted as rights/bonus on the shares originally purchased from primary market (IPOS) on repatriable/non-repatriable basis?

No, NRIs don’t require PINS account to sell shares, which were allotted as rights/bonus on the shares originally purchased from primary market (IPOS) on repatriable/non-repatriable basis.

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