For our non-resident clients, we offer the following investment related services.
You can now invest in equity shares and convertible debentures of Indian companies in the secondary market on a repatriation or non-repatriation through a registered stock broker on a recognized stock exchange in India under the Portfolio Investment Scheme (PINS). With the Kotak Group of financial services, your transactions are seamless across accounts. It is easier than ever to invest and earn from the Indian secondary market through a PINS account designed for NRIs by the Reserve Bank of India.
As per RBI guidelines, NRIs should have a separate bank account exclusively for PINS purposes and all transactions relating to shares purchased or sold should be routed through this account and it should not be allowed to carry any other transaction which is not related to trading of shares.
Note: Given specific provisions in the Income Tax Act and Foreign Exchange Management Act (FEMA) for Non-resident Indians, it is recommended that you get in touch with your relationship manager before making any investment decision. There are further specific compliances & stipulations which specific countries impose on their residents which need to be kept under consideration as well.
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