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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.


1 Comments

1. JOHN VARGHESE  Feb 29, 2020 13:38 I Like It. | Report Abuse Reply
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  Oct 4, 2020 00:09 I Like It. | Report Abuse
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