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Non Resident Indian (Definition):-

Foreign Exchange Management Act (FEMA) defines a Non-Resident as a person who is not resident in India, a person resident outside India who is a citizen of India or is a person of Indian origin. The following persons can be classified as persons resident outside India.

A)Indian Citizens (Holding Indian Passport) Staying Outside India, Who Goes Abroad.

  • For taking up employment
  • For carrying on business
  • On vocation
  • For studying abroad
  • Or for any other purpose in such circumstances as would indicate his/her intention to stay outside India for an indefinite or uncertain period.
  • All persons mentioned above are NRIs for the purpose of opening and maintaining NRE, FCNR (B) and NRO accounts.
  • B)Person Of Indian Origin:-

    A Person of Indian Origin (PIO) is a citizen of any country other than Bangladesh or Pakistan, if
  • He at anytime held an Indian Passport; or
  • He or either of his parents or any of his grand parents were citizens of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955) or
  • The person is a spouse of an Indian citizen or a person referred to in sub-clause (a) or (b).
  • PIOs are treated as NRI for the purpose of opening and maintaining NRE, FCNR (B) and NRO accounts with banks in India.
  • Please Note :-

  • Students who go abroad for uncertain period are treated as Non Resident Indians.
  • Indian citizens working abroad on assignments with Foreign Governments, Government Agencies or International/Multinational Agencies like UNO/IMF/World Bank etc. are treated as Non Resident indians.
  • Officials of Central Government and Public Sector Undertaking deputed abroad on assignments with foreign governments/agencies/organizations or posted to their own offices including diplomatic missions abroad are also treated as Non Resident Indians.
  • Crewmembers of Indian nationality or Indian origin employed by foreign airlines/shipping companies, if they are based at foreign ports and reside abroad in connection with their employment are also treated as Non Resident Indians. The crewmembers of foreign airlines/shipping companies who are shore staff of these companies and are posted abroad for duty on short term or long-term basis are also treated as Non Resident Indians.
  • Visit our above ’NRI Banking link for further details on facilities for NRI/PIO.


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