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Axis bank pis account opening form 2025

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The document is an account opening form for the NRI Portfolio Investment Scheme (PIS) provided by AXIS Bank. It outlines the necessary personal and communication details required from applicants, including identity and address proof, as well as specific declarations and authorizations related to investment in Indian securities. The form emphasizes compliance with regulatory guidelines and includes sections for joint applicants, stock broker information, and branch certification. Additionally, it provides a list of designated branches for PIS activities and instructions for documentation.

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How to open pis account Axis Bank?

Keep your documents ready Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature and observation page, if any) Proof of NRI status, by way of valid Employment/Residence Visa copy or Work/Residence Permit. Copy of Indian PAN card.

Is a PIS account mandatory for NRI?

Does an NRI require PIS permission to purchase shares in the primary market (IPOs) on repatriable/non repatriable basis? No, as an NRI you can purchase shares in the primary market on repatriable/non repatriable basis and application money can be paid through regular NRE SB/NRO SB Account or through inward remittance.

How to get a PIS approval letter from bank?

NRIs can get the PIS letter with the help of the bank where the NRE or NRO account was opened. RBI has authorised only designated branches of a bank to administer the PIS. To open a Zerodha account, NRIs must have a PIS account with any one of the following banks: IDFC First, Yes bank, Axis, HDFC or IndusInd bank.

How do I open a PIS account?

What Are the Documents Required for a PIS account for NRI? For the NRI: Valid Passport Copy. NRI Status proof. Proof of Address (POA) both Indian and Overseas. PAN Card. Recent colored photographs. FATCA. C-KYC. For the PIO ( in addition to the above) PIO Status Card. PIO Declaration duly filled and signed.

Which is better PIS or non-PIS?

PIS and Non-PIS are two different types of accounts that you can use to invest in the Indian stock market. PIS is suitable if you want to invest your foreign earnings in India. However, it has some limitations, such as higher fees, lower flexibility, and restricted transactions.

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Can I open PPF account in Axis Bank Online?

At present Axis Bank PPF account online opening facility is not available. The PPF offered by Axis Bank cannot be opened online but can be operated online. To open the account you will need to fill out the PPF account opening application form and submit it at an Axis Bank branch along with certain supporting documents.

Axis bank pis account opening form 2025

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How to open pis account Axis Bank?

Is a PIS account mandatory for NRI?

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Which is better PIS or non-PIS?

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