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NRI > NRI Banking Eligibility

NRI Banking Eligibility



Non Resident Indians (NRIs)

  • Bullet Indian citizens who stay abroad indicating an indefinite period of stay outside India
  • Bullet Indian citizens working abroad on assignments with foreign governments or government agencies or international or regional agencies like the UNO and IMF
  • Bullet Officials of central and state governments and public sector undertakings deputed abroad on temporary assignments or posted to a branch or office (including diplomatic missions) abroad


Persons of Indian Origin (PIO)

A Person of Indian Origin (PIO) for NRI account opening purpose is defined as a citizen of any country other than Bangladesh or Pakistan, if:
  • (a) he at any time held Indian passport; or
  • (b) he or either of his parents or any of his grandparents was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955); or
  • (c) the person is a spouse of an Indian citizen or a person referred to in sub-clause (a) or (b).


Others
Crewmembers of Indian nationality or Indian origin employed by foreign airlines or shipping companies, if they are based at foreign ports and reside abroad

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