Eligibility for NRI Demat Account
Lakshit Financial extends a warm invitation to
NRI (Non Resident Indian) investors residing in the UK, European Union (EU), Gulf Co-operation Council countries (GCC), and Southeast Asian countries to explore investment opportunities with us.
Who is referred to as a 'Non-Resident Indian (NRI)'?
The term 'Non-Resident Indian (NRI)' refers to an individual who resides outside of India for 182 days or more in the last financial year, or for 365 days or more in the last four financial years.
Hold employment, engage in business, or have a vocation as a source of earnings while residing abroad.
First-time travelers abroad can also convert their accounts to NRI status provided they possess a valid passport, visa, PAN card, and proof of foreign address.
Individuals of Indian descent: this category encompasses individuals who are citizens of any country other than Pakistan and Bangladesh, and who fall into one of the following categories:
- Held an Indian passport at any point in time, or
- Themselves, or either of their parents or any of their grandparents, were citizens of India, or
- Are the spouse of an Indian citizen, or
- Are the spouse of a person covered under (i) or (ii) above.
