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PIS or Non-PIS account which is better for an NRI?

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.
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