Eligibility for NRI Account


Lakshit Financial extends a warm invitation to NRI (Non Resident Indian) investors residing in the European Union, 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 India and is either a citizen of India or a person of Indian origin. A person residing outside India is defined as someone who has left India or currently resides outside the country.
When starting employment outside of India, or...
To engage in business or a profession outside of India, or for any other purpose, under circumstances that suggest an intention to remain outside India for an indefinite period, the term "Person Resident outside India" is essentially defined as "a person who is not a Resident in India."

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.


According to Indian law, non-resident Indian (NRI) investors are only permitted to engage in delivery-based transactions.

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