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Refer to the table below to understand about the various types of NRI Accounts: Types of NRI Accounts Factors to consider Non Resident External (NRE) Account Non Resident Ordinary (NRO) Account Foreign Currency Non Resident (FCNR) Account Purpose For income earned outside India For income earned from India (pension, rent etc.)  Foreign Currency Investment in […]

To be eligible for an NRI status: A citizen of India must stay overseas for 183 days or more in one financial year. If a citizen of India stays in India for less than 365 days in the last 4 years from the year of assessment and less than 60 days during the year being […]