Portfolio Investment Scheme (PIS) Account
Portfolio Investment Scheme (PIS) allows NRIs to invest in shares of Indian companies, in the secondary market, under repatriation or non-repatriation basis in respect of shares or convertible debentures sold or purchased through a registered stock broker on a recognised stock exchange. Low minimum balance requirement of Rs 5,000. Seamless reporting to RBI and complying with all statutory regulations on your behalf calculation of capital gains tax liability and issuance of tax deduction certificate mandate or power of attorney facility available so that in your absence from the country you can authorise your relative or friend to operate, conduct banking transactions on your behalf; 24 X 7 account access through secure Internet banking facility from anywhere and anytime.
NRE Salary Account
Establishments with a minimum of 10 NRI employees can opt for Axis Bank NRI salary accounts on preferential terms to provide world class banking facilities to their employees. Dedicated NRI relationship manager, multi-city cheque books, international debit card, debit card to POA/LOA holder, personal accident insurance cover on debit card of Rs 200,000 for both account holders and POA/LOA holder Rs 40,000. Cash withdrawal limit per day complimentary resident savings account without insistence on minimum balance. Financial advisory services, daily electronic updates, free of cost temporary O/D facility Up to 50%
of net salary at personal loan rates subject to a ceiling of Rs 50,000 and a condition that the same has to be liquidated in two weeks.
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NRI Prime Account
With the Prime Savings Account, you are no longer restricted to single branch banking. You can operate your Prime Savings Account from any of the 500 bank branches without any restrictions, charges or ceilings. This means you no longer have to keep multiple accounts at different places to take care of your banking needs at specific areas. The facility of free unlimited transactions across centres does not apply to cash transactions, which are subject to Reserve Bank of India and Income Tax regulations issued from time to time. Watch your money go beyond geographic boundaries through free inward remittances and fast-track realisation of foreign cheque/DD collection. With each Prime Savings Account, you are entitled to a free add-on domestic savings account, which you can gift to a friend or relative in India. This add-on account comes with zero balance facility, free VISA Debit Card, multi-city banking and free accident insurance cover of Rs 200,000.
Priority Banking – NRI
One of the widest banking networks in the country comprising over 350 fully connected branches and over 2050 ATMs, internet banking and telebanking, providing you the flexibility to reach them almost anywhere and anytime. Priority Banking NRI services are especially tailormade for discerning NRI clients. Apart from a specialised
relationship manager to take care of your banking needs, they provide you investment and lifestyle privileges as well. So you and your family members resident in India enjoy an unmatched banking experience.
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