Non-Resident Indian (NRI) is a term used to refer to Indian citizens residing in a country other than India for employment, business, studies, or any other purpose. It can be a very beneficial status to have, as it opens up a variety of opportunities and advantages. In this article, we will discuss what NRI means, its meaning in Hindi, and the benefits of having NRI status.
What is NRI?
NRI stands for Non-Resident Indian and refers to an Indian citizen who resides in a country other than India. This could be for a variety of reasons such as employment, business, studies, or any other purpose. NRI status is granted to citizens who have been living in a foreign country for more than 181 days in the previous financial year.
Meaning of NRI in Hindi
In Hindi, NRI stands for Nirdeshak Rashiya Indian which translates to “Non-Resident Indian”.
Benefits of NRI Status
- Tax Benefits: NRI’s are not liable to pay taxes in India on their income earned abroad.
- Investment Opportunities: NRI’s have the opportunity to invest in the Indian stock market and take advantage of the higher returns.
- Transfer of Funds: NRI’s are allowed to transfer funds to India and make investments in Indian property without any restrictions.
NRI status can be very beneficial for Indian citizens residing abroad. It offers tax benefits, investment opportunities, and the ability to transfer funds without any restrictions. It is important to understand the meaning of NRI in Hindi so that you can take advantage of all the benefits that come with having NRI status.
