NRIs are required to open separate PIS account (NRE/NRO) for the purpose of investments in secondary market on repatriation & non-repatriation basis respectively apart from maintaining savings NRE/NRO account. To open an account, an undertaking letter, the bank account opening form with the following annexures should be submitted:

  • Application for PIS
  • Two photographs signed across
  • Copy of passport (first four pages and last page) and visa. These copies should be attested by the Bank Branch Manager (Overseas) / Notary Public / an official of the Indian Embassy in the country of residence
  • RPI form for repatriating the benefits or NPI form for non-repatriating the benefits