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NRI Full Form: The Full Form of NRI is Non-Resident Indian. An NRI is a person who does not live in India but resides outside the country for 182 days in a financial year. Moreover, NRIs are individuals born in India but who do not reside in the country; they can be Indian citizens, overseas citizens of India, or descendants of Indians living abroad. With roughly 30 million NRIs living across the world, India is the country with the second-largest bucket of NRIs, only after China. There are many Indian NRIs who have contributed significantly to different countries while maintaining their strong roots in their native country, India.
What is the Categorisation of NRIs?
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Furthermore, NRIs can be categorised into three principal classifications, they are as follows:
- First are representatives of the central and state governments, or public sector employees who are living overseas.
- NRIs are also classified as Indian civilians who are working in IMF and World Bank, etc.
- Overseas citizens of India (OCI) who are Indian by their birth but live abroad.
Also Read: What is the Full Form of NRC?
What is the Eligibility Criteria to be an NRI?
Additionally, the eligibility criteria to be an NRI are as follows:
- It is essential to hold an Indian passport.
- NRIs also need to hold Indian citizenship as per the Act of Citizenship, 1955.
- Moreover, your spouse is to be an Indian citizen or someone who meets the aforementioned criteria.
FAQs
An NRI is an Indian citizen residing outside India for employment, business, or any other reason. Their stay outside India should be for an indefinite period or more than 182 days in a financial year.
An Indian citizen residing outside India for more than 183 days in a financial year is generally considered an NRI. However, the exact definition differs slightly between the Income Tax Act and FEMA regulations.
Yes, Indian students studying abroad are generally considered Non-Resident Indians (NRIs) as they reside outside India for an extended period. However, their specific NRI status might depend on factors like the duration of their stay and financial independence.
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