How is TDS deducted on my NRE PIS (PINS) Account?

When you trade through your NRE PIS (PINS) account, TDS on your capital gains is calculated and deducted by your designated PIS Bank, not by Kotak Neo. Kotak Neo facilitates the trade execution, while your bank, as per RBI's PIS guidelines, computes the applicable TDS and processes the net sale proceeds to your PIS account by the end of the next working day (T+1).

Note: The PIS route is applicable only for equity delivery investments. Trading in Futures & Options (F&O) is not permitted through an NRE PIS account. If you wish to trade in Derivatives, you will need to do so through your NRO Non-PIS trading account.