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

Topic: NRE Non-PIS Bank Account Defenition

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