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Can NRI open NRE and NRO trading accounts simultaneously?

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An NRI is permitted to open two separate trading accounts i.e. NRE and NRO to trade on repatriation as well as non-repatriation basis simultaneously.

To trade on a repatriation basis, an NRI will additionally require PIS approval to be linked with the NRE trading account.

The PIS approval is not mandatory for trading on a non-repatriation basis. Thus, if your broker is providing the facility to trade without PIS for the NRO mode of transactions, PIS approval is not required to be linked with the NRO account.


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