Difference Between OCI and PIO

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.
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Benefits of OCI:

1. Is OCI and PIO same?
2. Should I get OCI or Pio?
3. What is the difference between NRI PIO and OCI?
4. What is PIO and OCI card?
5. Can OCI get Aadhar card?
6. Can OCI holder live permanently in India?
7. Is OCI card valid for life?
8. Is OCI considered NRI?
9. How long can you stay in India with an OCI?
10. Can I buy property in India with OCI?
11. Can I travel while OCI is in process?
12. Can OCI have bank account in India?

Is OCI and PIO same?

The PIO Card programme came into effect on September 15, 2002. On January 15, 2015, the Person of Indian Origin card scheme was withdrawn by the Government of India and it was merged with the Overseas Citizen of India (OCI) card scheme. Currently, all the PIO cards are treated as OCI cards.

Should I get OCI or Pio?

A PIO card allows visa-free travel from and to India to the person holding a valid card. A PIO card is considered valid only if you hold a valid passport. On the contrary, an OCI card allows lifetime visa-free traveling to and from India. ... However, their children are eligible to hold an OCI card.

What is the difference between NRI PIO and OCI?

NRI is a residential status for the purpose of income tax calculations. PIO is an individual. OCI is a card denoting an immigration status. An OCI cardholder, is in fact, a PIO.

What is PIO and OCI card?

PIO card (Person of Indian Origin) card and OCI cards (Overseas Citizen of India) give different benefits. ... While NRIs (Non-Resident Indians) is essentially a term for Indians that live in another country, PIOs and OCIs are people who want to stay connected and involved with India more closely.

Can OCI get Aadhar card?

Aadhaar Card enrolment 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.

Can OCI holder live permanently in India?

Overseas Citizenship of India (OCI) is a form of permanent residency available to people of Indian origin and their spouses which allows them to live and work in India indefinitely.
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Is OCI card valid for life?

What is the validity period of PIO (now considered OCI cards)? The existing PIO Cards are now valid for life of the holder.

Is 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.

How long can you stay in India with an OCI?

Yes, as long as the local laws of at least one of the countries allow dual citizenship in some form or the other. 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 I buy property in India with OCI?

A: OCI card holders can purchase residential and commercial properties in India. But they are not permitted to purchase agricultural land, including farmland or any kind of plantation property. ... However, he/she can acquire or transfer immovable property in India, on lease, not exceeding five years.

Can I travel while OCI is in process?

You can travel with US passport and current visa. OCI will be available where you submitted the documents. If you submit in Houston (for example), you are not going to get it in MHA. You will need to return and then get it stamped.

Can OCI have bank account in India?

Such OCI is required re- designate / convert his/her NRE/NRO/FCNR Accounts to resident account, or NRE/FCNB account to RFC account as the case may be. Further, an OCI can open all types of accounts allowed to a Resident customer.