An NRE PIS (Non-Resident External – Portfolio Investment Scheme) account is a special type of bank account that allows NRIs (Non-Resident Indians) to invest in Indian stock markets using their foreign earnings. It operates under RBI's Portfolio Investment Scheme and supports fully repatriable equity investments.
This structure allows NRIs to invest in Indian equities while retaining full control over fund movement and RBI compliance.
To activate NRE PIS trading, your bank must issue a PIS letter—a formal approval for participation in the scheme.
This letter:
FYERS can assist in obtaining this letter from its partner banks (e.g., HDFC Bank, Yes Bank) during your onboarding process.
To get started or request help with PIS documentation, visit our NRI onboarding page.
Scenario | What you should know |
---|---|
You want to trade on Indian exchanges using overseas funds | Open an NRE PIS account with a PIS letter from your bank |
You want a non-repatriable setup with fewer formalities | Choose an NRO Non-PIS account—no PIS letter required |
You need help obtaining the PIS letter | FYERS can coordinate the request with its banking partners |
You wish to transfer funds between NRE and NRO | Transfers are allowed to help manage investments across both accounts |
If your goal is to invest in India while maintaining the ability to repatriate profits, an NRE PIS account is the appropriate route. For simplified access, especially for domestic usage, consider the NRO Non-PIS alternative.
Last updated: 07 Aug 2025