A Non-Resident Indian (NRI) is a citizen of India who holds an Indian passport and is residing outside of India for an extended period of time, either for work, education, or any other reason. NRIs are considered to be Indian citizens, but they do not have the same rights and privileges as citizens who reside in India.

NRIs have several financial, legal, and taxation implications, such as the requirement to pay taxes in both India and the country where they reside, the need to comply with exchange control regulations in India, and the need to comply with the laws and regulations of both countries.

NRIs are also eligible to participate in various government schemes and programs, such as the Employees’ Provident Fund (EPF) scheme, the Public Provident Fund (PPF) scheme, and the National Pension System (NPS). They can also own and inherit property in India and can open and maintain bank accounts in India.

It’s important for NRIs to stay updated on the laws and regulations that apply to them, as these may change over time, and to seek legal and financial advice as needed.