What is the difference between NRE PIS and NRE Non-PIS account
Last updated August 22, 2026
This IPO News reference page covers “What is the difference between NRE PIS and NRE Non-PIS account”. The page is organized around find more questions on this topic, sme ipo enquiry. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Find more questions on this topic
- SME IPO Enquiry
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.
- 1. Can NRI have a NRE no-PIS account?
- 2. Is PIS mandatory for NRE account?
- 3. Is NRE PIS account tax-free?
- 4. What is the difference between NRE PIS and NRE Non-PIS account
- 5. Can an NRI link both an NRE or NRO bank account to the trading account?
- 6. What is the NRE Account?
Data Tables
| NRE PIS Account | NRE Non-PIS Account | |
|---|---|---|
| Meaning | It combines two accounts; an NRE bank account and PIS account after receiving PIS permission certificate from RBI. | NRI having NRE bank account in India without PIS approval. |
| Purpose | Invest foreign income in Indian stock market. | Invest income earned overseas in India like IPOs except stock market investment. |
| Equity investment | NRE PIS account holders can buy and sell shares or securities listed on BSE and NSE. | NRE non-PIS account does not allow NRIs to invest in Indian equity market. |
| RBI Reporting | All transactions routed through NRE PIS account are immediately reported to RBI. | No transaction is reported to RBI. |
Source record: View original public source ↗