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What is the difference between NRO PIS & NRO non-PIS account?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

NRO PIS Account Vs NRO Non-PIS Account

NRO PIS Bank Account and NRO Non-PIS Bank Account allows you to invest an NRIs foreign or Indian earnings in India on non-repatriation basis. While NRO PIS Account is specifically for investing in stock markets, the NRO Non-PIS Account can be used to invest in stocks as well as any other options in India.


NRO PIS Account

NRO Non-PIS Account


Yes (with certain restrictions)

Yes (with certain restrictions)

PIS Permission


Not Required


Investing money earned in India in Indian Stock Market

Investing money earned in India anywhere including Indian Stock Market

RBI Reporting

All transactions reported to RBI


Stock Investment




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