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NRO PIS Account Vs NRO Non-PIS Account
NRO PIS Bank Account and NRO Non-PIS Bank Account allows you to invest an NRIs foreign or Indian earnings in India on non-repatriation basis. While NRO PIS Account is specifically for investing in stock markets, the NRO Non-PIS Account can be used to invest in stocks as well as any other options in India.
NRO PIS Account | NRO Non-PIS Account | |
|---|---|---|
Repatriability | Yes (with certain restrictions) | Yes (with certain restrictions) |
PIS Permission | Required | Not Required |
Purpose | Investing money earned in India in Indian Stock Market | Investing money earned in India anywhere including Indian Stock Market |
RBI Reporting | All transactions reported to RBI | None |
Stock Investment | Yes | Yes |
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