How is Pio different from OCI?
How is Pio different from OCI?
Person of Indian Origin (PIO) refers to a foreign citizen who held an Indian Passport at any point in time or whose parents/grandparents/great grandparents were citizens of India….Benefits of OCI:
| PIO Card | OCI Card | |
|---|---|---|
| Visa Validity | 15 years from the date of PIO Card issuance | Lifelong from the date of OCI Card issuance |
What is the difference between NRI OCI and PIO?
NRI is a residential status for the purpose of income tax calculations. PIO is an individual. OCI is a card denoting an immigration status. NRIs enjoy certain benefits in parity with resident Indians which PIOs do not.
Does PIO card need to be changed to OCI?
Is it mandatory to convert PIO card to OCI card? Yes, it is. All Person of Indian Origin Cardholders are deemed to be OCI Cardholders in India’s Citizenship Amendment Bill 2015. Hence, you need to convert your PIO card to OCI card before or by December 31, 2021.
Can I still convert my PIO to OCI?
However, PIO Card holders are advised to get their PIO Card converted to OCI Card. PIO Card holders can apply online for conversion at http://passport.gov.in/oci/ and submit print of application, passport, specified photos, documentation, fees etc at the VFS Centre (www.vfsglobal.com/India/UK).
Is OCI better than visa?
The OCI card is the Overseas Citizenship of India card. The document gives you the right to live and work in India. Also, you can visit India as many times as you would like. It’s not necessarily a visa as it allows more benefits than a simple visa.
Which is better OCI or NRI?
An NRI can invest in various financial investment opportunities available in India. An NRI can invest in residential/commercial properties but is not allowed to invest in agricultural or plantation property or a farmhouse. An OCI can invest in various financial investment opportunities available in India.
How long is OCI valid?
10 years
The OCI card is a lifelong visa available for citizens of Indian origin. Once you get it, you will obtain all the rights any resident in India has. You can live and work in India. The OCI card is valid for 10 years after issued and it allows Multiple Entry to the country.
How long can I stay in India with OCI?
cardholders ? (i) An OCI is entitled to life long visa with free travel to India whereas for a PIO card holder, it is only valid for 15 years.
Can OCI card holders get Aadhar card?
Aadhaar Card enrollment is presently available to residents in India. OCI Cardholders who stay in India for a long time (over 182 days in twelve months immediately preceding the date of application for enrolment) and have an Indian address can also enroll for Aadhaar Card in India.
Are OCI considered NRI?
Individuals living overseas can be classified into three major categories — Non-Resident Indians (NRI), Persons of Indian Origin (PIO) and Overseas Citizen of India (OCI). Non-Resident Indians (NRIs): Anyone who does not meet at least two of the conditions will be considered as an NRI for the previous financial year.
What’s the difference between OCI and Pio in India?
According to the Citizenship Amendment Bill 2015, all PIO card holders are ‘deemed to be’ OCI card holders with effect from January 9, 2016. The income earned in India by the cardholders is taxable under the Indian Tax system. Final Note: The distinction between PIO and OCI was diminished by the Government of India to streamline residency norms.
Can a PIO card holder apply for Indian citizenship?
OCI Card Holders can apply for Indian citizenship after 5 years of holding an OCI Card and they must reside in India for a year According to the Citizenship Amendment Bill 2015, all PIO card holders are ‘deemed to be’ OCI card holders with effect from January 9, 2016.
How does an OCI card work in India?
OCI is an immigration status that allows foreign citizens of Indian origin to live, study or work in India. OCI cardholders can visit India at any time and stay for any time. An OCI Card is issued to foreign citizens who hold a passport of another country except for Pakistan and Bangladesh.
Is the PIO card valid at the time of travel?
It may, however, be ensured that the PIO card is valid at the time of travel. All PIO cardholders (handwritten and machine-readable) are meanwhile advised to convert their PIO card to OCI card.