Short answer

Money is added and reported differently in a PIS and Non-PIS account. The differences are as follows:

PIS

Clients must transfer funds from their NRE or NRO savings bank account to the PIS bank account.

The PIS account balance is reported to iRage by the bank at the end of the same day.

iRage updates the fund balance before the markets open on the next day.

PIS account holders must not transfer funds using IMPS/NEFT/RTGS.

NRO Non- PIS

Funds can be added in the following ways:

UPI: Instant fund transfers from the registered bank account using UPI for free. UPI transfers must be initiated from iRage’s payment gateway for the funds to be updated to the Arrow account instantly.

Instant payment gateway: Instant payment gateway comes at a charge of ₹9 + 18% GST with the convenience of instant credit.

IMPS/NEFT/RTGS/Cheque: Fund transfer using IMPS/NEFT/RTGS is free on Arrow. However, bank charges may apply. Fund transfer using a cheque is free.

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Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.