Can I have multiple PIS linked accounts?

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Are you a day trader?

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

JOHN VARGHESE
1. JOHN VARGHESE  Feb 29, 2020 13:38 I Like It. | Report Abuse Reply 0
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
SANJEEV
1.1. SANJEEV  Oct 4, 2020 00:09 I Like It. | Report Abuse 0
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

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