All you need to know about NRO Non-PIS Trading account
Last updated August 22, 2026
This IPO News guide/article covers “All you need to know about NRO Non-PIS Trading account”. The page is organized around what is nro account?, nro account – key takeaways, nro non-pis account, nro non-pis account – key takeaways, nro non-pis nri trading account and charges. The source record was published on \",\"Thursday, October 5, 2023\",\". IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- What is NRO Account?
- NRO Account – Key Takeaways
- NRO Non-PIS Account
- NRO Non-PIS account – Key Takeaways
- NRO Non-PIS NRI Trading account and charges
- NRO Non-PIS Account Investment segments
- How to open NRO non-PIS Account?
- NRO No-PIS NRI Trading Process
- NRO PIS Vs NRO Non-PIS Account
- Benefits of NRO Non-PIS NRI Account
- NRO Non-PIS Account Opening Documents
- NRO Non-PIS Account Restrictions
- Zerodha Trade@20
- Frequently Asked Questions
- 1. What is no PIS account?−
- 2. Can NRI invest in equity shares with no-PIS NRO account?+
- 3. Why should an NRI open NRO non-PINS account?+
- 4. PIS or Non-PIS account which is better for an NRI?+
- 5. Can an NRI convert no-PIS account to a PIS account?+
- 6. What is the NRO Account?+
- Compare Stock Brokers Side-by-Side
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Money from the NRO account is not fully repatriable as subject to a maximum ceiling of USD 1 million.
- There are 125+ banks available in India that allow non-residents to open an NRO bank account online in just a day.
- Equity shares listed on BSE and NSE (Delivery trading)
- You can open a NRO Bank savings account with more than 125+ banks in India. Indians who become NRI after shifting abroad can also convert their resident savings account to an NRO bank account, know more.
- Brokers may charge lower brokerage fees on NRO no-PIS accounts. Zerodha charges a max of Rs 100 per order on an NRO non-PIS account whereas on NRE PIS account, the maximum brokerage charged is Rs 200 per order.
- Want to start your investment journey? Join India's Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.
Data Tables
| Meaning and Purpose | Charges | |
|---|---|---|
| NRI Trading Account | NRI Trading account enables NRI clients to place buy / sell orders for shares, debentures, bonds, and other securities. | Account opening charges (One-time) |
| NRI Demat Account | NRI must have a demat account to keep or hold shares and other investment securities digitally with ease and safety. | Account opening charges (one-time) Annual Demat account maintenance charges |
| NRO Savings Account | All the fund transfers (deposits and withdrawals) will be processed through the NRI NRO bank account. It allows NRIs to transact in the Indian stock market on a non-repatriation basis. | NRO Bank account opening charges NRO bank service charges differ from bank to bank. |
| NRO PIS Account | NRO Non-PIS Account | |
|---|---|---|
| Bank | NRO PIS account can be opened only with the partner banks, your broker has tie-up with. | NRO no-PIS account can be opened with any bank over 125 banks in India. |
| Account opening time | NRO needs PIS approval thus, it may take 4-5 days to open NRO PIS activated account. | Opened immediately in just a day. |
| PIS Charges | PIS account is opened, so PIS account charges and annual maintenance charges need to be paid to the bank. | No PIS account is opened by NRI so no charges. |
| Per contract charges | Bank charges per contract for buy and sale transactions executed. | No contract charges |
| Fund and taxation | All fund allocation for trading and investment will be done through PIS account. | All NRI funds will be managed with the broker with whom NRI trading and demat account is opened. Thus, you have to transfer funds to NRI trading account to place buy orders and sale proceeds will also be credited as margin to your trading account. And, NRI can withdraw the amount to the mapped NRO bank account. |
Source record: View original public source ↗