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What is the difference between NRE PIS & NRE Non-PIS account?

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NRE PIS Account Vs NRE Non-PIS Account

NRE PIS Bank Account and NRE Non-PIS Account both are repatriation accounts. NRE bank account is for investing foreign earnings in India in the Stock Market while NRE Non-PIS Account can be used to invest in foreign earning in India (other than stocks) and to manage earning from selling shares acquired through IPO, ESOP, or received as a gift.

 

NRE PIS Account

NRE Non-PIS Account

Repatriability

Yes

Yes

PIS Permission

Required

Not Required

Purpose

Investing foreign earnings in India in Stock Market

Investing foreign earnings in India (except Stock Market). It can also be used for selling shares acquired through IPO, ESOP, or received as a gift.

RBI Reporting

All transactions reported to RBI

None

Stock Investment

Yes

No


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