NRI is an Indian Citizen who stays outside India
for following reasons
•
For taking up
employment
•
For carrying on
business or vocation
•
Gone on immigration
•
For any other purpose
where intention to stay abroad is indefinite Indian
citizens employed with international agencies like UNO,
IMF, UNESCO, WHO etc. Indian Citizens employed in Govt.
& Semi Govt. Organizations and posted on deputation
abroad. An NRI is an Indian citizen who stays outside
India.
Who is a PIO – Person of Indian
Origin?
A Foreign Citizen (not being a citizen of Pakistan
and Bangladesh) is deemed to be of Indian origin if: He or
she, at any time, has held Indian passport, or He or she or
either of his or her parents, or grandparents was a citizen
of India by virtue of the Constitution of India or
Citizenship Act, 1955. 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 or securities in India are
made by such persons only jointly, with their NRI spouses.
