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Can I hold multiple NRE PIS accounts?

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No, NRIs can only open one PIS account. However, they can open multiple NRE savings bank accounts. You can open only one NRE PIS accounts.

If you are planning to move your NRE PIS account to another bank, the steps will be as followed:

  • Close existing NRE Account
  • Open new NRE Account
  • Request for PIS permission on new NRE Account

Note: NRIs can assign only one Bank for the purpose of routing the transactions under PIS for NRE and NRO. NRIs cannot maintain NRE and NRO accounts under PIS with different bank.


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