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NRI-Portfolio
Investment Management |
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KCS Launches "SyNRiS"
- a NRI-Portfolio Investment System
PRECURSOR
NRI-Portfolio Investment Scheme (PIS)
is a scheme of the Reserve Bank of India (RBI) defined
in Schedule 3 of Foreign Exchange Management Act 2000
under which the 'Non Resident Indians (NRI)', 'Person
of Indian Origin (PIO)' and 'Overseas Corporate Bodies
(OCB)' can purchase and sell shares and convertible debentures
of Indian Companies on a recognized stock exchange in
India by routing all such purchase/sale transactions through
their account held with a designated branch, with appropriate
reporting to RBI & Other statutory/monitoring body
as designated by Finance Ministry.
KCS has aligned and readied itself with "SyNRiS"
comprehensive software that caters to the "NRI -
PortFolio Investments" initiative.
" SyNRiS" Solution
SyNRiS provides for Banks to capture
all the Account opening formalities & investment details
of the NRI investor to submit to Reserve Bank of India
electronically in timely and efficient manner. Auto generation
of Standard of RBI reports of LEC and ASCII file.
SyNRiS provides for a total parameterized
maintenance of Charges Module to help the bank to levy
various charges like PIS Charges, AMC Charges, Permission
Charge etc.
SyNRiS provides for to efficiently restrict
trading in banned scrip by RBI/BSE. Intelligently handles
5% trading limit on scrip as per RBI guidelines.
SyNRiS provides for Calculation of Capital
gains, on FIFO or Selection basis.
SyNRiS provides for Alert messages for
expiry of Purchase / Sale Transactions, TDS not paid to
Government, Scrip Limits, breached.
SyNRiS total secure software with Makers &
- Checker for transaction handling. |
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