Investment Guidance
Bank / Demat Account Selector
Get the correct bank, demat, and trading account type for your NRI transaction under FEMA.
Transaction Type
Bank Account
NRE-PIS Account
Demat Account
NRI Demat (Repatriable / PIS)
Trading Account
PIS-enabled broker account
Buying listed equity on secondary market — PIS is mandatory
Key Points
Portfolio Investment Scheme (PIS) is MANDATORY for NRI secondary market equity
PIS permission letter from RBI via your designated AD bank
NRE-PIS: repatriable; NRO-PIS: non-repatriable
NRI company holding cap: 5% per company; 10% overall NRI ceiling
Intra-day trading NOT permitted — delivery-based orders only
Next Steps
Open NRE-PIS account at a scheduled bank (HDFC, ICICI, Kotak, Axis)
Obtain PIS permission letter from your bank
Open NRI Demat + PIS-enabled trading account with a SEBI broker
Want a personalised review?
Anil Grandhi CA · ex-PwC · Free 15-min call
Account types per FEMA Regulation 20R and SEBI guidelines. Verify with CA for your specific transaction.
Related Tools