- What are the disadvantages of OCI card?
- How long does it take to renew an OCI?
- Is Aadhaar mandatory for NRI?
- What are the new rules for OCI card holders?
- Can OCI get Indian citizenship back?
- Can OCI open bank account in India?
- Do OCI holders need to pay tax in India?
- How do I transfer OCI to new passport?
- How long is OCI card valid for?
- Is OCI and NRI same?
- How long can I live in India with OCI card?
- Can OCI get Aadhar card?
- Can OCI buy property in India?
- What happens if OCI is not renewed?
- Can OCI holder live permanently in India?
What are the disadvantages of OCI card?
It is not a travel document and should not be considered a DUAL CITIZENSHIP.
The negative is no voting rights and holding of agricultural land is prohibited.
As an OCI is not dual.
citizenship the holder is not elgible for any grants subsidies which are available to Indian citizen..
How long does it take to renew an OCI?
8 to 10 weeksThe processing time varies, but you should expect to wait at least 8 to 10 weeks. You will be informed of all the processing stages by the Consulate via email. You can also make inquiries using your reference number. After your OCI card is issued, you can visit India and get all its benefits.
Is Aadhaar mandatory for NRI?
But in case you are an NRI (non-resident Indian) looking to link your Aadhaar card, you need not worry. As per the government criteria, NRIs do not have to link their Aadhaar for banking, mobile, PAN and other services. Aadhaar is only for residents of India. NRIs are not eligible to get Aadhaar.
What are the new rules for OCI card holders?
In order to facilitate OCI cardholders, the requirement has been relaxed till June 30, 2020, according to the union home ministry instructions dated December 17, 2019, but they will have to carry old and new passports, she said. The OCI card gives the cardholder lifelong visa to India.
Can OCI get Indian citizenship back?
Can a person registered as an OCI be granted Indian citizenship? Yes. As per the provisions of section 5(1) (g) of the Citizenship Act, 1955, a person who is registered as an OCI for 5 years and is residing in India for 1 year out of the above 5 years, is eligible to apply for Indian Citizenship.
Can OCI open bank account in India?
Non-resident accounts are only available to Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs). … There are 3 types of bank account you can open as an NRI, PIO or OCI: a Non-Resident External Account (NRE) a Non-Resident Ordinary Account (NRO)
Do OCI holders need to pay tax in India?
In case of NRIs/PIO/OCI, who have lived for less than 182 days (in any financial year in India), will have to pay tax and file income tax return only on the income earned in India. CBDT has prescribed TDS for NRIs for various asset classes and the TDS rate for NRIs is higher than that for Resident Indians.
How do I transfer OCI to new passport?
Steps to Transfer OCI to New PassportLog in to the Government of India’s OCI Services website.Click on “OCI Miscellaneous Services” on the left and then click on “Proceed.”Enter the captcha given on the screen correctly to continue.More items…•
How long is OCI card valid for?
OCI card holders are required to get their OCI cards reissued whenever passport is renewed for persons under twenty years of age, and OCI card needs to be renewed after crossing 50 years of age only once, that too when the US passport is renewed.
Is OCI and NRI same?
Home > NRI Banking > Who are NRIs, PIOs and OCIs? 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): In common parlance, any Indian living overseas is known as an NRI.
How long can I live in India with OCI card?
15 yearsOCI card holder is entitled to life-long visa free travel to India while in the case of PIO card holders it is for 15 years only.
Can OCI get Aadhar card?
As per Aadhaar Act, 2016, NRIs/PIO/OCI card holders are eligible for enrolment of Aadhaar card only if they reside in India for over 182 days in the last twelve months immediately preceding the date of application for enrolment.
Can OCI buy property in India?
As per the guidelines issued by Reserve Bank of India, an NRI or OCI card holder can invest in any residential or commercial property. … However, they are not permitted to invest in farmland, plantation land, and agriculture land. But, they can inherit the agricultural land/plantation property/ farmland. Q.
What happens if OCI is not renewed?
Travelers to India Being Turned Away If OCI Not Renewed Not having matching passport numbers on the OCI card and passports can be cause for refusal to board international flights or even to return mid-flight without being allowed to enter 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. Despite the name, OCI status is not citizenship and does not grant the right to vote in Indian elections or hold public office.