As an NRI, both PIS and non-PIS accounts can be recommended that suit your investment requirements.
When to open NRE PIS Account?
- NRI wants to invest their foreign earnings in India, NRE PIS is recommended.
- NRI intends to invest on a repatriable basis or wants to remit funds abroad should open an NRE PIS account.
- Invest in the Indian stock market using an NRE account, PIS is mandatory.
When to open NRO Non-PIS Account?
- NRI wishing to park income earned in India can open a No-PIS NRO account.
- NRO no-PIS is better to invest on a non-repatriable route.
- If you have an NRO account, no need to obtain PIS approval as you can still invest in the Indian share market with a no-PIS NRO account.
