A non PIS account (also called non PINS account) refers to a bank account that can be used by the NRIs for funding their Trading Account. PIS stands for Portfolio Investment Scheme and it was introduced by the Reserve Bank of India (RBI), to help the NRIs to trade the Equity shares of the companies listed on Indian Stock Exchanges. An NRI bank account can be converted to a PIS acco... https://finlib.in/library/n/non-pis-account/