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

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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

Repatriability

Yes (with certain restrictions)

Yes (with certain restrictions)

PIS Permission

Required

Not Required

Purpose

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

None

Stock Investment

Yes

Yes



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