Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
4-in-1 componentsNRE savings account, NRE Portfolio Investment Scheme account, NRE demat account and NRE trading account
Source 1Investment accessOnline investment in equities and IPOs
Source 2Permissible PIS creditsInward remittances to NRE or FCNR(B), transfers from other NRE or FCNR(B) accounts, after-tax proceeds of eligible repatriation-basis PIS sales, and dividends or other investment income
Source 3Permissible PIS debitsOutward remittance of income or dividends, purchase of eligible shares or convertible debentures on a repatriation basis through a registered broker, and applicable charges
Source 4RepatriabilityPublished as fully repatriable for the NRE PIS route, subject to applicable rules and taxes
Source 5SBI Securities account-opening charge₹1,000 + GST for NRI Regular; ₹500 + GST for NRI WealthEffective 1 May 2024
Source 6PIS / RBI approval fee₹500 + GST for an NRE PIS accountEffective 1 May 2024
Source 7PIS annual maintenanceFirst year free; ₹900 + GST from the second year onward for both Regular and WealthEffective 1 May 2024
Source 8Demat annual maintenanceFirst year free; from the second year ₹600 + GST for Regular or ₹300 + GST for WealthEffective 1 May 2024
Source 9Cash-market delivery brokerage0.60% for Regular or 0.50% for Wealth, plus GST and applicable transaction charges and taxesEffective 1 May 2024
Source 10Application routeSubmit the NRE savings form if needed, NRE PIS form and SBI Securities demat/trading application with supporting documents to the SBI Securities Central NRI Desk or an SBI home branch
Source 11PIS KYC for existing customersFresh KYC documents are not required for the PIS account when the applicant already has an existing KYC-compliant SBI NRE savings account; SBI Securities demat/trading KYC still applies
Source 12Country solicitation restrictionSBI and SBI CAPSEC state that they do not solicit this investment service from NRIs residing in the US, UK, Canada or Japan; unsolicited applicants are told to obtain tax and financial advice
Source 13PIS trading and settlement conditionsOnly delivery-based transactions through a recognised stock exchange are permitted; intraday trading, speculation and short selling are prohibited. Settlement is gross, tax accounting uses FIFO, losses are not set off, sufficient cleared funds must be available, and contract notes must reach SBI within the prescribed reporting period. SBI may outsource tax calculation.
Source 14Transaction-reporting fee schedulePer contract number on net transaction amount: up to ₹10,000, ₹50; ₹10,001-₹50,000, ₹45; ₹50,001-₹2 lakh, ₹40; ₹2,00,001-₹5 lakh, ₹35; above ₹5 lakh-up to ₹10 lakh, ₹30; above ₹10 lakh, ₹25. Aggregated trades use the highest applicable value tier. Fees are independent of demat, trading and broker charges.
Source 15PIS account charges and balanceAnnual PIS maintenance ₹1,000 plus GST; one-time PIS approval ₹750 plus GST; minimum monthly average balance ₹3,000.
Source 16NRI trading-plan tariffsNRI Regular: opening ₹1,000 plus GST, first-year DP AMC free then ₹600; cash-delivery brokerage 0.60%; futures 0.05% delivery and 0.03% intraday per leg; options ₹50/
Source 17NRI advance-brokerage plansAdvance ₹3,000: complimentary delivery turnover up to ₹10 lakh, then 0.50%; ₹5,000: up to ₹15 lakh, then 0.40%; ₹10,000: up to ₹20 lakh, then 0.30%; ₹25,000: up to ₹50 lakh, then 0.20%. DP AMC is ₹600 from year one and minimum brokerage is ₹0.01.
Source 18NRI depository transaction tariffNRI DP AMC paid in advance: ₹600 plus GST from year one; standard NRI ₹600 from year two; Wealth ₹300 from year two; closure nil. Market debit through POA/
Source 19NRI demat operational charges and noticesCheque, direct-debit or ECS dishonour ₹100; restoration of services ₹250 after at least three working days; tariff revisions require 30 days' notice. Research-analyst fees are capped at ₹1,51,000 per year per family excluding statutory charges; cash payment is prohibited and advance duration remains subject to SEBI rules.
Source 20Benefits and features
- One coordinated NRE banking, PIS, demat and trading relationship
- Online access to Indian equities and IPOs
- Published Regular and Wealth account, maintenance and brokerage tiers
Eligibility
- The published 4-in-1 bundle uses NRE savings and NRE PIS accounts and is intended for eligible NRI investors using the repatriation route.
- SBI and SBI CAPSEC state that they do not solicit NRIs residing in the US, UK, Canada or Japan; jurisdiction, tax and reporting requirements must be checked before applying.
- Investment values can fall, and product, securities, repatriation and tax rules must be verified for each transaction.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Completed NRE savings application if an SBI NRE savings account is not already held, completed NRE PIS application, and completed SBI Securities NRI demat/trading application
- Passport-size photograph, PAN card, valid passport, valid visa or resident permit, tax-identification proof, and OCI/PIO card where applicable for a foreign-passport holder
- Indian and overseas address proofs; accepted evidence and recency rules depend on the document type
- Latest three months' NRE/
NRO bank statements as applicable - Self-attested copies with originals for verification, or qualifying attestation when originals are not produced; the linked forms publish special overseas-attestation rules
- For Merchant Navy or seafarer applicants: mariner declaration or certified CDC, with the latest contract letter accepted as foreign-address proof