Who
is a non-resident Indian (NRI)?
An Indian citizen who stays abroad for employment / running a business,
vacation outside India, circumstances indicating an intention for an uncertain duration of
stay abroad is a non-resident. (Persons posted in U.N. organisations and officials deputed
abroad by Central / State Governments and Public Sector undertakings on temporary assignments are also treated as non-residents). Non-resident foreign citizens of Indian Origin are treated on par with
non-resident Indian citizens (NRIs). |
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Who is a person of Indian Origin?
A. For the purposes of availling of the facilities of opening and
maintenance of bank accounts and Investments in shares / securities in India:
A foreign citizen (other than a citizen of Pakistan or Bangladesh) is deemed to be of
Indian origin, if,
(i) he, at any time, held an Indian passport,
or
(ii) he or either of his parents or any of his grand parents was a citizen of India by
virtue of the Constitution of India or Citizenship Act, 1955 (57 of 1955).
Note: A spouse (not being a citizen of Pakistan or Bangladesh) of an
Indian citizen or of a person of Indian origin is also treated as a person of Indian
origin for the above purposes provided the bank accounts are opened or investments in
shares / securities in India are made by such persons only jointly with their NRI spouses.
A foreign citizen (other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan,
Srilanka or Nepal), is deemed to be of Indian origin if,
(i) he held an Indian passport at any time,
or
(ii) he or his father or paternal grand-father was a citizen of India by virtue of the
Constitution of India or the Citizenship Act, 1955 (57 of 1955).
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