It is a normal savings bank account which can be opened with any bank in India. Non-PIS is an account for which the transactions are not reported to RBI. This account takes care of selling all those shares which are not allowed under PIS. Shares acquired under IPO or received as gift or bought as resident Indian can be sold under Non-PIS account. For opening NRI 4-in-one Investment Account with AxisDirect, you would be required to hold/open a Non-PIS Account with AxisBank.