Portfolio Investment Scheme Account

Enhanced Set-Off Facility at Portfolio level

In order to cater to the specific needs of the NRI customers and provide value added benefits, we have now started offering Enhanced Set-off facility to all the NRIPIS customers at portfolio level w.e.f 1st April 2016. The enhanced set off facility will be applicable only for short term equity transactions and will be available for the entire financial year.

Salient features

• Losses to be carried forward till last day of the current Financial Year.
• Losses from NRE A/c can be adjusted against profits from NRO A/c & vice –versa.
• Set-off of losses against future profits.
• Set-off of short term losses at portfolio level.
• Detailed Capital Gains statement at Customer ID level.
• Single statement at a Customer ID level instead of account level.
• Detailed computation of set-off.
• Details of carried forward losses in each account.
• Single statement at a Customer ID level instead of account level.