Portfolio Investment Schemes - South Indian Bank (2024)

FAQs

Is it good to invest in South Bank? ›

South Indian Bank has TTM P/E ratio 5.00 as compared to the sector P/E of 9.08. There are 6 analysts who have initiated coverage on South Indian Bank. There are 3 analysts who have given it a strong buy rating & 1 analysts have given it a buy rating. 0 analysts have given the stock a sell rating.

Portfolio Investment Scheme (PIS) Account allows NRIs to invest in shares of Indian companies under repatriation or non-repatriation basis. They can now buy and sell shares or convertible debenture through a registered stock broker on a recognised stock exchange in India. Read More.

An individual NRI is authorized to operate only one NRE PIS Account. If under any circ*mstance, a Non-Resident Indian plans to open another NRE PIS Account or shift to a different bank, they would have to close their existing NRE PIS account.

Yes, It is mandatory for a NRI to route all secondary market transactions through his PIS designated account i.e For all purchase / sell of stocks in secondary market only the PIS designated account should be debited / credited.

South Indian Bank Share Price 2025 is predicted to remain between Rs 73 and Rs 34. What is the South Indian Bank Share Price Prediction 2030? South Indian Bank Share Price in 2030 is predicted to remain between Rs 162 and Rs 87.

South Indian Bank (NSEI:SOUTHBANK) Price Target Decreased by 8.13% to 33.92. The average one-year price target for South Indian Bank (NSEI:SOUTHBANK) has been revised to 33.92 / share. This is an decrease of 8.13% from the prior estimate of 36.92 dated February 21, 2024.

All investments carry some degree of risk. Stocks, bonds, mutual funds and exchange-traded funds can lose value—even their entire value—if market conditions sour. Even conservative, insured investments, such as certificates of deposit (CDs) issued by a bank or credit union, come with inflation risk.

An NRI, at any point in time, can hold multiple demat accounts under their name. In fact, if you're a regular investor, you can choose to open all the above three NRI demat accounts - one for repatriable investments, another for non-repatriable investments, and a third for investing in the secondary market.

NRIs can invest in the Indian stock market through the purchase of equity shares, mutual funds, ETFs and derivatives. You can only conduct delivery-based trades, and there are restrictions on intraday trading or trading in currency derivatives and commodities.

Zerodha and Prostocks are the two best NRI discount brokers in India. Prostock is the low-cost NRI trading broker that charges Rs. 100 flat brokerage on NRI trading while Zerodha charges Max Rs. 200 per order brokerage.

What is the difference between PIS and non-PIS for NRI? ›

Non-PIS accounts are not subject to the reporting requirements (to RBI) like PIS. An NRO non-PIS account allows NRIs to purchase and hold equity shares, preference shares, bonds, convertible debentures and warrants on a non-repatriation basis. The NRE non-PIS account allows you to invest foreign earnings in India.

NRIs can choose single or multiple Demat accounts. Many NRIs opt for both Repatriable Demat and Non-Repatriable Demat accounts. However, they can maintain only one NRI PIS (Portfolio Investment Scheme) bank account. To invest in stocks and mutual funds of Indian companies, NRIs must have a PIS-enabled bank account.

What you can do with PIS: You can invest in shares and bonds of companies listed on the stock exchange. You can invest in futures or options that are traded only through an accepted stock exchange. You can execute such trades on a non-repatriation basis only, and this is subject to RBI regulatory limits.

Transfer/Withdrawal from PIS accounts will have to be done with the prior approval of DPS. Apart from NRE PIS accounts, Trading Account with broker and DP account with our bank or broker has to be opened. Bank will issue daily statement of transactions to NRIs.

No minimum balance requirement in PIS.

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Stock price target for The South Indian Bank Limited SOUTHBANK are 27.33 on downside and 28.38 on upside.

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