What is an NRE PIS account?
An NRE PIS (Non-Resident External – Portfolio Investment Scheme) account is a special type of bank account that allows Non-Resident Indians (NRIs) to invest in Indian stock markets using their foreign earnings. This account is governed by the Reserve Bank of India (RBI) under the Portfolio Investment Scheme (PIS).
Key features of the NRE PIS account
| Feature | Description |
|---|
| RBI authorisation | Operates under the Portfolio Investment Scheme, permitting stock trading on recognised Indian exchanges |
| Source of funds | Uses foreign earnings credited to an NRE bank account |
| Repatriability | Fully repatriable – funds can be transferred abroad without restrictions |
| Currency flexibility | Enables seamless conversion of INR to foreign currency for repatriation |
| Fund mobility | Allows transfer of funds from the NRE account to an NRO account for broader fund management |
What if...
| Scenario | What you should know |
|---|
| You want to trade on Indian exchanges using overseas funds | Open an NRE PIS account linked to your Demat account |
| You need to move funds from NRE to NRO | Transfers are permitted between the two for convenience |
| You want a non-repatriable setup | Consider an NRO Non-PIS account instead of NRE PIS |
If your goal is to actively trade in Indian equity markets while maintaining full repatriation of capital and profits, an NRE PIS account may be ideal.
To learn how to open an NRI Demat account, refer to our article for NRIs.
Last updated: 24 Jun 2025
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