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NRI

NRI

Under the Foreign Exchange Regulation Act of 1973, Non-Resident Indians (NRIs) are Indian citizens who stay abroad for employment or for carrying on business or vocation outside India or for any other purpose in circumstances indicating an indefinite stay abroad, or Government servants who are posted abroad on duty with the Indian mission and similar other agencies set up abroad by Government of India where the officials draw their salaries out of Government resources, or Government servants deputed abroad on assignments with foreign Governments or regional/international agencies like the World bank, International Monetary Fund (IMF), World Health Organisation (WHO), Economic and Social Commission for Asia and the Pacific (ESCAP), or Officials of State Governments and public sector undertakings abroad on temporary assignments or posted to their branches or offices abroad.