NRI Products/Services
WHO IS NRI/PIO?
* NRI : A Non-Resident
Indian as per FEMA 1999 is an Indian citizen or Foreign National of Indian
Origin resident outside India for purposes of employment, carrying on
business or vocation in circumstances as would indicate an intention to stay
outside India for an indefinite period. As per Income-Tax Act an individual
will also be considered NRI if his stay in India is less than 182 days
during the preceding financial year
** PIO : A Person of Indian Origin is a
citizen of any country other than Pakistan, Bangladesh or Sri Lanka who
- at any time held an Indian Passport
- he/she or any of his/her parents or grand parents was a citizen of India
- he/she is a spouse of an Indian Citizen or a person referred to above