NRIs - PIS & Non-PIS Accounts Explained

#NRIs who are having NRO a/c need to register with a Custodian Participant (CP)

Note: NRIs with an NRO account 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.

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Case study on Mr. Kumar

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Mr. Kumar was working in India 5 years back and had a Resident Demat a/c.

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Mr. Kumar becomes an NRI as he shifts to a Foreign Country.

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He converts his Resident Demat a/c to Non-PIS a/c & manages existing investments.

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He opens a new PIS a/c & starts investing on repatriable basis.

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Mr. Kumar enjoys his Investments growing through Integrated

Steps to Open a PIS Account

01
Submit documents to your Bank.
02
Get approval from your Bank and RBI for investing in Indian Securities. This may take up to 15 days by the Banker.
03
Link the PIS a/c to the NRE a/c. (Our Partner Banks are HDFC & AXIS).
04
Submit documents* with Integrated to opening a Trading account.
05
Start Investment and enjoy your Investments growing through Integrated.

Steps to Open a Non-PIS Account

01
Submit documents with bank to Get approval from your Bank and RBI for investing in Indian Securities.
02
Link the Non-PIS a/c to the NRO a/c.
03
Submit documents* with Integrated to opening a Non PIS Trading account.
04
For activating F & O segment, register your CP code with Integrated.
05
Start Investment and enjoy your Investments growing through Integrated.

*Documents: PAN,Passport,Address proof & Bank proof. Attestation of documents from a Local Attorney.

PIS Account

  • 💰
    Repatriation made easy. It facilitates easy transfer of funds & profits to your home country.
  • 💸
    Ideal to plan for long term investments.
Comparison

Non-PIS Account

  • 💸
    No RBI permission needed, easy to manage.
  • 📈
    F & O Segment allowed.
  • 💲
    Low Cost.