https://v2.webnotes.in/tags/pis-account/Recent content in PIS Account on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-open-zerodha-nri-account/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/how-to-open-zerodha-nri-account/<p>This guide explains how a non-resident Indian (NRI) can open a Zerodha NRI demat and trading account, covering both the Portfolio Investment Scheme (PIS) route through an NRE account and the non-PIS route through an NRO account.</p> <aside class="callout callout--key" role="note"> <strong class="callout__label">Prerequisites</strong> <div class="callout__body"><ul> <li>Valid Indian <a href="https://v2.webnotes.in/permanent-account-number/">Permanent Account Number (PAN)</a> issued by the Income Tax Department.</li> <li>Valid passport (used as identity proof in place of Aadhaar for overseas residents).</li> <li>Overseas address proof dated within the last three months (utility bill, bank statement, or driving licence).</li> <li>An NRE or NRO bank account with a scheduled commercial bank in India.</li> <li>PIS permission letter from your NRE bank (required only for the PIS route; not needed for non-PIS or NRO-based trading).</li> <li>Physical forms must be couriered; the fully online eKYC flow available to resident Indians is not available for NRI accounts.</li> </ul> </div> </aside> <hr> <h2 id="step-by-step-procedure">Step-by-step procedure</h2> <h3 id="step-1-choose-pis-or-non-pis-route">Step 1: Choose PIS or non-PIS route</h3> <p>The first decision is which regulatory route to use for equity trading in India.</p>https://v2.webnotes.in/zerodha-nri-brokerage/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-nri-brokerage/<h2 id="overview">Overview</h2> <p>Non-Resident Indians (NRIs) who wish to invest in Indian equity markets through <a href="https://v2.webnotes.in/zerodha/">Zerodha</a> operate under a regulatory framework that differs from resident Indian clients. The Foreign Exchange Management Act 1999 (FEMA) and <a href="https://v2.webnotes.in/sebi-investment-management-department/">SEBI</a> regulations prescribe two primary routes for NRI equity investment: the Portfolio Investment Scheme (PIS) administered by the Reserve Bank of India (RBI), and the non-PIS route for non-repatriable investments. Each route carries different brokerage rates and compliance requirements at Zerodha.</p>