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Home | Contact Us | Career | Site Map | Feedback Demat Futures & Options Capital Market Trading Full-Fledged Money Changer Investment Advisor Internet Demat Account Statement (IDEAS) Non Resident Indians Speed-e My Abhipra Online Trading Safe, Growing and Hassle Free - Abhipra Q.1 Who is a Non-Resident Indian [NRI]? Ans. Non- Resident Indian [NRI] means a æperson resident outside IndiaÆ who is a citizen of India or is a æperson of Indian originÆ.á Q.2 Who is a æperson resident outside IndiaÆ? Ans. Under the Foreign Exchange Management Act, 1999 [FEMA], a person who is NOT a æperson resident in IndiaÆ, as defined under Section 2 (v) of the Act is considered as a æperson resident outside IndiaÆ. The most important change in definition [since FERA 1973] is that the citizenship of a person no longer has a bearing in determination of residential status. Q.3 Who is a æperson of Indian originÆ? Ans. æPerson of Indian OriginÆ (PIO) means a ci...