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Wednesday, September 17, 2008

NRI SERVICES


World Class Services from a Bank you can Trust
Indians everywhere should become enlightened International citizens.Wherever you are, whichever country you live, enrich that nation, not only in financial terms, but also with your sweat knowledge and dignity since that is the tradition of the country from where you came.At the same time, remember we have a common umbilical connectivity to our motherland, India.
A P J Abdul Kalam

Hon'ble President of India



WHO IS AN NON-RESIDENT INDIAN [NRI]

A Non Resident Indian (NRI) as per FEMA 1999 is an Indian citizen or Foreign National of Indian Origin resident outside India for purposes of employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period.An individual will also be considered NRI if his stay in India is less than 182 days during the preceding financial year.
A Person of Indian origin (PIO) is a citizen of any country other than Pakistan, Bangladesh or Sri Lanka

Who
At any time held an Indian Passport,
He or any of his parents or grand parents was a citizen of India,
Is a spouse of an Indian Citizen or a person referred to above.

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