Who can open NRE PIS account?

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NRIs, PIOs, and OCIs are eligible to open NRE Saving Bank Account (with PIS permission) in India. This account enabled them to invest in the Indian Stock Market on a repatriation basis.

As each transaction in this account is reported to RBI by the bank, it is recommended to use the NRE PIS linked bank account specifically for stock market investment in India.


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