Who is a resident Indian in legal terms? Are students studying abroad on student's visa considered resident Indian or Non Resident Indian?
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/40571a.pdf RBI has announced that if a student stays out of country for more than 182 days in a financial year and their intentions to stay outside country for uncertain period gives them an NRI status. Please refer to the attached doc for more info.
Dear Kapz See the definition of Non Resident Indian. A non-resident Indian ( NRI ) is an Indian citizen who has migrated to another country , a person of Indian origin who is born outside India, or a person of Indian origin who resides outside India. Other terms with the same meaning are overseas Indian and expatriate Indian. In common usage, this often includes Indian born individuals ( and also people of other nations with Indian blood ) who have taken the citizenship of other countries.
