Sale Proceeds and Credit to Your NRE PIS Bank Account

When you sell shares, the sale proceeds are credited to your NRE PIS Bank account by your bank. This process is based on the trade details that we report to the bank via contract notes. Each time you execute a transaction, we send the corresponding contract note to the bank. If you do not see the sale proceeds credited to your account beyond T+1 days, it might be because the bank does not have the purchase details of the stocks you have sold.

Why Purchase Details Matter:

Every time you execute a sale transaction, the bank refers to the purchase details—such as the date of purchase, purchase rate, and quantity—to calculate the applicable tax. If tax is payable, the bank will deduct it at the source and credit the net amount (after tax) to your account.

Potential Delay in Credit:

If the bank does not have the purchase details for the stocks you’ve sold, they won’t be able to deposit the proceeds into your account. In such cases, you’ll receive an intimation from the bank requesting the necessary purchase details to proceed with the transaction.