Monday, March 31, 2008

NRI vs. PIO vs. OCI

NRI
Definition: A citizen of India, holding an Indian passport, but residing abroad
Privileges: At par with resident Indians

PIO
Definition: A foreign national who has Indian origins or Indian ancestors
Privileges: a) No extra-ordinary benefits b) Require visa for any trip to India c) Required to register at local FRRO in India upon arrival

PIO Card HolderDefinition: A PIO holding a PIO Card, as per the Scheme of The Ministry of Home Affairs, 2002
Apply to: 1) Any Indian Mission abroad or, 2) Any of the Foreigners Regional Registration Offices in India or 3) The Joint Secretary (Foreigners), Ministry of Home Affairs
Charges: Rs.15,000 or equivalent for adults, Rs.7,500 for minors
Privileges: Exempt from a)Visa to India for 15 years b) Registration at FRRO if stay in India is within 180 days c) If stay exceeds 180 days, registration at FRRO within 30 daysd) At par with NRIs in all spheres of activity except purchase of agricultural property

OCI
Definition: Overseas Indians who migrated from India after 26th January, 1950, except those from Pakistan and Bangladesh
Apply to: 1) Any Indian Mission abroad or, 2) Any of the Foreigners Regional Registration Offices in India or 3) The Joint Secretary (Foreigners), Ministry of Home Affairs
Charges: USD 275 or equivalent in applicant’s local currency.PIO card holders pay only USD 25 or equivalent
Privileges: a) Lifelong multiple entry visa to India b) No registration at FRRO for any length of stay c) At par with NRIs in all spheres of activity, except purchase of agricultural property.


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