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What is no PIS account?

No PIS account means NRI trading and demat account without RBI PIS approval. An NRI intends to park capital in India to get good returns have two choices either trading through a NRE PIS account or a no-PIS NRO account.

PIS is not required for NRI investment in listed Indian companies with NRO savings bank account.

Answered on 2023-10-05

Zerodha Trade@20

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