Who can open NRE 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.

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.

Topic: NRE PIS Bank Account Defenition

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Can I hold multiple NRE PIS accounts?
How to open NRE PIS account?
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What are the bank charges to open a PIS account?
Can NRI have two PIS accounts?
Which transactions are not allowed under PIS?

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