A Non-PIS account is an ordinary NRI saving account opened with any bank in India. The transaction with a non-PIS account is not reported to RBI. With regards to investments, the NRO Non-PIS account can be used to invest in equity, shares, IPOs, mutual funds, and bonds on a non-r...
Can I use my resident demat account to trade stocks on the Indian market as an NRI? What will happen to my existing stocks after my status changes to an NRI? Can a Person of Indian Origin (PIO) or Overseas Citizen of India (OCI) invest in shares of companies listed on the Indian sto...