New Delhi, April 16 -- For millions of non-resident Indians (NRIs), staying financially connected to India often involves navigating complex banking processes back home. Opening accounts, managing mutual fund investments, and completing digital verifications from abroad can be quite challenging. We discuss some issues NRIs face with their accounts in India and ways to overcome these challenges.

NRE-PIS (portfolio investment scheme) and non-PIS accounts are mandatory for NRIs who wish to invest in Indian markets, as per regulatory guidelines.

A PIS account linked to an NRE account is ideal for NRIs prioritizing the repatriation of funds. However, they require approval from both the bank and the Reserve Bank of India (RBI), often taking u...