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FEMA

NRI

Non-Resident Indian — an Indian citizen who resides outside India. Under Income Tax Act, a person who has not been in India for 182 days or more in a financial year. NRIs can invest in India through NRE, NRO, and FCNR accounts.

Last updated: 17 May 2026

Frequently Asked Questions

What is NRI?

Non-Resident Indian — an Indian citizen who resides outside India. Under Income Tax Act, a person who has not been in India for 182 days or more in a financial year. NRIs can invest in India through NRE, NRO, and FCNR accounts.

What is the significance of NRI under FEMA?

NRI is significant under FEMA because it refers to: Non-Resident Indian — an Indian citizen who resides outside India. Under Income Tax Act, a person who has not been in India for 182 days or more in a financial year. NRIs can invest in India through NRE, NRO, and FCNR accounts.

What is the full form of NRI?

Non-Resident Indian — that is the full form of NRI.

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