Open NRO, NRE Saving and PIS NRE Bank account with Axis Bank / HDFC Bank / Yes Bank
Submit your SEBI registered broker name to PIS designated bank on account opening form
Open Demat & Trading account with SEBI Registered broker for investing
Choose from a bouquet of products available in Indian market
Invest in Secondary Capital Markets
Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest
in the secondary capital markets in India through the portfolio investment scheme
Why a PIS Account?
NRIs can acquire shares of Indian companies through the stock exchanges in India. PIS
account is basically required by regulator to monitor investment limit by NRI’s in stock
NRO vs NRE
As per the revised guidelines from RBI PIS is not required for NRO investment and
investment will be deemed to be domestic investment at par with the investment
made by residents.