What is the eligibility to open an NRE/NRO status trading and demat account with Geojit?
As per the Finance Act 2020, NRIs (Indian citizens and Persons of Indian Origin) include individuals who:
Duration of Stay in India | Taxable Indian Income | Additional Conditions |
---|---|---|
Less than 120 days in a financial year | More than Rs. 15 lakhs | - |
Less than 181 days in a financial year | Up to Rs. 15 lakhs. | - |
More than 120 days in a financial year | More than Rs. 15 lakhs | Must have stayed in India for less than 365 days in the past 4 years |
Still need help? Create Ticket