NRIs - PIS & Non-PIS Accounts Explained
Understand the differences between PIS and Non-PIS accounts to make informed investment decisions
| Features | PIS Account | Non-PIS Account |
|---|---|---|
| Account Type | NRE (Non-Resident External) | NRO (Non-Resident Ordinary) |
| Repatriable | Yes | No |
| RBI Permission | Required | Not Required |
| Process Time | Can take up to 15 days | Simple Process |
| Cost | High | Low |
| F&O Trading | Not allowed | Allowed |
| Intraday Trading | Not allowed | Not allowed |
Important Note
- NRIs who are having NRO a/c need to register with a Custodian Participant (CP). To transfer money from NRO to NRE, submit Form 15CA and 15CB.
- FEMA regulations impose a 1 million USD annual cap on transfers from NRO to NRE accounts.
Case study on Mr. Kumar
A real example of how NRIs can manage their investments through PIS and Non-PIS accounts
Mr. Kumar was working in India and had a Resident Demat account.
Mr. Kumar becomes an NRI as he shifts to a Foreign Country.
He converts his Resident Demat account to Non-PIS account & manages existing investments.
He opens a new PIS account & starts investing on repatriable basis.
Mr. Kumar enjoys his Investments growing through Integrated solutions.
Mr. Kumar was working in India and had a Resident Demat account.
Mr. Kumar becomes an NRI as he shifts to a Foreign Country.
He converts his Resident Demat account to Non-PIS account & manages existing investments.
Mr. Kumar enjoys his Investments growing through Integrated solutions.
Account Opening Process
Follow these step-by-step guides to set up your NRI investment accounts
NRE account
Submit documents to your Bank
Provide all required documents to initiate the PIS account opening process with your preferred bank.
Get approval from Bank and RBI
Wait for approval from your Bank and RBI for investing in Indian Securities. This may take up to 15 days.
Link PIS to NRE account
Connect your PIS account with your NRE account. Our Partner Banks are HDFC & AXIS for seamless integration.
Submit documents with Integrated
Complete your Trading account opening by submitting required documents* to Integrated.
Start Investing
Begin your investment journey and watch your portfolio grow through Integrated solutions.
Submit documents to your Bank
Provide required documents to your bank for Non-PIS account approval (no RBI permission needed).
Link Non-PIS to NRO account
Connect your Non-PIS account with your NRO account for investment transactions.
Submit documents with Integrated
Complete your Non-PIS Trading account opening by submitting required documents*.
Register CP code for F&O
For activating Futures & Options segment, register your Custodian Participant code with Integrated.
Start Investing
Begin your investment journey with more flexibility in investment options.
Required Documents
Attestation of documents from a Local Attorney may be required.
Account Advantages
Choose the right account type based on your investment needs and goals
PIS Account Advantages
Easy Repatriation
Seamless transfer of funds and profits back to your home country
Ideal for Long-Term
Perfect for building wealth with long-term investment horizons
Regulated Security
RBI-approved process provides added security for your investments
NRE Integration
Directly linked with your NRE account for efficient fund management
Non-PIS Account Advantages
Simplified Process
No RBI permission required - faster and easier to set up
F&O Trading
Access to Futures & Options segment for advanced trading
Cost Effective
Lower operational costs compared to PIS accounts
Flexible Management
Easier to manage with fewer regulatory requirements
Start Your Investment Journey with Confidence
Open a free demat account for NRI with expert support, secure access, and a smooth onboarding experience.
