Investor Presentaiton
NRE (PIS) Account
An NRI may open a designated NRE account called an NRE
(PIS) Account with a designated branch of an AD for routing
the receipt and payment for transactions relating to sale and
purchase of shares/convertible preference shares/ convertible
debentures/ warrants/ units.
AD shall ensure that sale proceeds of securities or units which
have been acquired by modes other than PIS such as underlying
shares acquired on conversion of ADRs / GDRs, shares /
convertible preference shares / convertible debentures
/warrants acquired under FDI Scheme or purchased outside
India from other NRIs or acquired under private arrangement
from residents/non-residents or purchased while resident in
India, do not get credited in the NRE (PIS) Account and vice-
versa.
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