Tarun Kumar (Business) 05 July 2024

Nri status immediately after completing 182 days or fy wise ?

I will be completing 182 days ( counting from 1st April , 2024 ) outside India on 30th Sept , 2024 .Please let me know if I will be NRI on 1st October, 2024 or 1st April , 2025 . I need this information as I need to change status of my saving bank account / Demat / Trading accordingly. How much time I will get to change status of these accounts ?

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This discussion clarifies when an individual's Non-Resident Indian (NRI) status officially begins after spending 182 days outside India. The consensus is that your NRI status applies immediately after completing the 182-day period. You'll then need to update your savings, Demat, and trading accounts to reflect this change in status.