DBC 2487 - Person Resident Outside India (PROI)

 

The Banking Tutor 

                     Daily Banking Concept 

No. 2487                                            06-07-2026 

Person Resident Outside India (PROI) 

Person Resident Outside India (PRIO), a residential status defined under the Foreign Exchange Management Act (FEMA). The term primarily applies to Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) who spend less than 182 days in India during the preceding financial year.