The following documents are necessary to convert your NRO-PIS account to an NRO-NON PIS account:

1. Add the existing details from the 'NRO-PIS account' to the new details as 'NRO-NON PIS' and sign in the fiRs.t holder box on the Account Modification form.
2. Tariff sheet - Sign in the appropriate box.
You must submit a soft copy of the completed forms to your registered email address.

Note:

Do not proceed with any transactions until we have confirmed that the process has been completed. The procedure of updating the account status may take 5-6 business days.

If there are any differences, please review your holdings and change the purchase averages. Please see this article for instructions on how to update your buy averages.

There is no need to keep the PIS bank account after the conversion; you can advise the bank to close it.

Trading will be identical to that of a traditional resident account. You'll be able to trade and transfer money directly.

For non-PIS accounts, the brokerage is 0.5 percent or Rs.100/- each executed order (whichever is lower).