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Cover arranged by Axis Bank for its customers under Digit Illness Group Insurance Policy (UIN GODHLGP20142V011920). Participation to group insurance is voluntary.
Cannot invest in companies engaged in chit funds, agricultural or plantation business, real estate relevant to agriculture or farmlands, etc. NRIs cannot trade in equity derivatives on a repatriable basis.
NRIs can choose single or multiple Demat accounts. Many NRIs opt for both Repatriable Demat and Non-Repatriable Demat accounts. However, they can maintain only one NRI PIS (Portfolio Investment Scheme) bank account. To invest in stocks and mutual funds of Indian companies, NRIs must have a PIS-enabled bank account.
An individual NRI is authorized to operate only one NRE PIS Account. If under any circ*mstance, a Non-Resident Indian plans to open another NRE PIS Account or shift to a different bank, they would have to close their existing NRE PIS account.
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