Who can open NRE non-PIS account?

NRIs, PIOs, and OCIs are eligible to open (Non-Resident External) NRE Non-PIS Bank Accounts in India.

NRE Account (Non-PIS) is for NRIs to invest their foreign earnings in India. This account is fully repatriable, which means money can be transferred back to the country of origin without any hassle. The money in this account remains in Indian Rupee.

NRE Account is suitable for all kind of investments in India except stock market investment. For NRI stock market investors an NRE PIS Bank Account is required.