Can I have multiple PIS linked accounts?

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No. As per the RBI guidelines, an NRI can have one and only one Portfolio Investment Scheme (PIS) linked bank account. If you would like to open a PIS account with another bank, you will have to close the existing PIS account first.

Topic: Portfolio Investment Scheme (PIS) Defenition

1 Comments

1. JOHN VARGHESE

| Link|February 29, 2020 1:38:38 PMReply

NRO PIS Account - no restrictions in holding more than one NRO PIS Account, as it NO LONGER comes under RBI approval requirements. Please amend your page in this regard

1.1. SANJEEV

| Link|October 4, 2020 12:09:43 AM

Dear Mr. Varghese,
Is it mandatory to have a PIS NRO account .. Can i use my existing NRO account for the trading without opening a separate NRO PIS account.

Regards,
Sanjeev

1.2. Pulin Shah

| Link|October 29, 2022 11:10:07 PM

Dear Mr. Varghese,
Can nri open two F & O Derivatives with different brokers in India using same NRO bank account?
Kindly let me know.
Thanks & Regards,
Pulin Shah.

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