Who is an NRI?

A Non-Resident Indian (NRI) is an Indian citizen or a person of Indian origin who resides outside India for employment, business, education, or other purposes that indicate a long-term stay abroad. 

According to the Income Tax Act of India, a person qualifies as an NRI if they stay in India for less than 182 days during a financial year. NRIs enjoy special banking and investment privileges, such as opening NRE and NRO accounts to manage their Indian and foreign income. They are also subject to different taxation rules on income earned in India and abroad depending on their residency status.