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What is difference between an NRI and a PIO?

Though both NRI and POI are used to refers Indians living and working abroad and they have more or less similar rights to open a bank account, buy properties in India and restrictions e.g. not allowed to buy agriculture lands, there is some difference in terms of citizenship and origin. NRI stands for Non Resident Indian, whereas PIO stands for Person of Indian.

An NRI is an Indian citizen who stays outside India:
(a) for purposes of carrying out employment or any business or vocation;
(b) under circumstances indicating an intention to stay outside India for an uncertain duration;
(c) any Indian citizen deputed outside India for a temporary period in connection with employment
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