Non-Resident Indian definition

Non-Resident Indian. (NRI) means an individual resident outside India who is a citizen of India or is an ‘Overseas Citizen of India’ cardholder within the meaning of section 7 (A) of the Citizenship Act, 1955. ‘Persons of Indian Origin’ cardholders registered as such under Notification No. 26011/4/98 F.I. dated 19.8.2002 issued by the Central Government are deemed to be ‘Overseas Citizen of India’ cardholders’

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Non-Resident Indian means a person who holds an Indian passport and is presently residing abroad for more than one year;

Non-Resident Indian. (NRI) means an individual resident outside India who is a citizen of India or is a person of Indian origin.

Examples of Non-Resident Indian in a sentence

• Non-Resident Indian / Foreign Citizens of Indian Origin should also attach a copy of the document showing their NRI/PIO status with the filled Application Form.

• Where the Borrower is a Non-Resident Indian (NRI) as defined under the Income Tax Act, the Borrower (i) shall bring in the margin determined by Bank by way of foreign inward remittance through normal banking channels or debit to NRE, FCNR, NRO account of the Borrower (ii) repay the Loan by way of foreign inward remittance using normal banking channels, debit of NRE, FCNR, NRO or the rental/lease income from the Property which is financed by Bank.

• If the Cardmember attains the Non-Resident Indian (NRI) status, then he/she should ensure that all payment(s) towards his/her Credit Card Account from his/her Non-resident banking account.

• The Allottee, if he/she is a Non-Resident Indian, shall be solely responsible for complying with the necessary formalities as laid down in the Foreign Exchange Management Act, 1999, Reserve Bank of India Act, 1934 and the Rules and Regulations made thereunder or any statutory amendments/modifications made thereof and all other applicable laws including that of remittance of payment, acquisition/sale/transfer of immovable properties in India etc.

• If the Card Member attains the Non-Resident Indian (NRI) status, then he/she should ensure that all payment(s) towards his/her credit card account from his/her Non-resident banking account.

More Definitions of Non-Resident Indian

Non-Resident Indian means a Person Resident Outside India who is a citizen of India or is a Person of Indian Origin.

Non-Resident Indian or “NRI” means a ‘Person resident outside India’ as defined in the Foreign Exchange Management Act, 1999 and who is an Indian citizen to whom a Loan is extended in accordance with this Agreement and specifically on the terms specified in Schedule III.

Non-Resident Indian means an individual, being a citizen of India or a person of Indian origin who is not a "resident".

Non-Resident Indian means a Person Resident Outside India who is a citizen of India.

Non-Resident Indian or NRI” shall have the meaning ascribed to it in the Foreign Exchange Management Act, 1999 “NRO Account” shall have the meaning ascribed to it in the Foreign Exchange Management (Deposit) Regulations, 2000.

Non-Resident Indian. (NRI) means an individual resident outside India who is a citizen of India or is an ‘Overseas Citizen of India’ cardholder within the meaning of section 7

Non-Resident Indian means an individual who is either a citizen of India or a person of Indian origin, and, is not an Indian Resident. A person shall be deemed to be of Indian origin if he/she, or either of his/her parents or any of his/her grand- parents, was born in undivided India.