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Monday, 30 September 2019

Who is NRI?

As per FEMA,1999 Non- Resident means;
  • Indian citizens who proceed abroad for employment 
  • or carrying business
  • for any other purpose in circumstances indicating indefinite period of Stay outside India
  • Indian citizens working abroad on assignments with foreign governments, Government agencies or International and multinational agencies like UNO, International Monetary Fund(IMF)and world bank etc.
  • Officials of Central and State government and public sector undertakings deputed abroad on assignments with foreign government agencies /organizations
Note: A person who is residing in abroad for education, working for indefinite period of stay is called Non-Resident Indian. Tourist are not categorized as NRI while students are NRI as per RBI while their stay is not indefinite.

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