Q: Who is an NRI?
A: An NRI is an Indian citizen who stays outside India:
(a) for purposes of carrying out employment or any business or vocation;
(b) under circumstances indicating an intention to stay outside India for an uncertain duration
(c) any Indian citizen deputed outside India for a temporary period in connection with employment.
Q: Who is a person of Indian Origin (i.e.PIO) ?
A: A citizen of a foreign country (other than a citizen of Bangladesh or Pakistan) is a PIO If
(a) he/ she at any time held an Indian passport; OR
(b) he/ she or either of his/ her parents or any of his/ her grandparents was a citizen of India or
(c) spouse (not being a citizen of Bangladesh or Pakistan) of an Indian citizen or (a) or (b) above
Q: How can I open an NRE Account?