hello sir, i want to know,NRI opened account in india AS NRI PIS account for trading in stock market then , NRI savings account should be maintaind or both the accounts are same??
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Quick Summary
This discussion clarifies the banking needs for Non-Resident Indians (NRIs) looking to trade in the Indian stock market. It addresses whether a separate NRI savings account is necessary when a PIS (Portfolio Investment Scheme) account is opened. The consensus is that an NRE (Non-Resident External) account can often serve the purpose, negating the need for a distinct NRI savings account.