NRIs can also conduct research work without any prior permission. OCI are neither permitted to vote nor are they allowed to run for public office.
Can you live in India with OCI?
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.
What are the new rules for OCI card holders?
According to the new relaxed rule, those with OCI cards issued before the cardholder turned 20 years old only need to obtain a re-issued OCI card once when they obtain a new passport after reaching 20 years of age. Cards issued after holder turned 20.
Can OCI holder get pension from Indian government?
Overseas Citizens of India will now be eligible to apply for the National Pension System at par with Non-Resident Indians, the government said on Wednesday. The Pension Fund Regulatory and Development Authority has now permitted OCIs to enroll in NPS at par with NRIs vide circular dated Oct.
Can OCI start a company in India?
Any person can start their business in India. There is no restriction in doing business here by anyone, viz., Non Resident Indians (NRI), Foreign Citizens, Overseas Citizen of India card holder (OCI), Person of Indian origin (PIO).
Can OCI get Aadhar?
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.
What are the disadvantages of OCI card?
The only disadvantage of OCI is that it takes longer time to process as it has to be printed in Delhi, while you can get visa in just 3 or 4 days. OCI card fees is higher than entry visa. 2. The time period of about 4 months to get the OCI is way longer than the visa which I believe is in days/weeks.
Is OCI valid for lifetime?
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 OCI can stay in India?
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 holder buy property in India?
A: OCI card holders can purchase residential and commercial properties in India. … A foreign national of non-Indian origin, resident outside India cannot purchase any immovable property in India unless such property is acquired by way of inheritance from a person who was resident in India.
Can I study in India with OCI?
OCI cardholders are treated on par with Non-Resident Indians and are permitted to sit for All India entrance examinations or tests for admission into institutes of higher education. They may also be considered for any supernumerary seat.
What are the benefits of OCI?
Following benefits will accrue to an OCI:
- Multiple entry, multi-purpose lifelong visa to visit India;
- Exemption from reporting to Police authorities for any length of stay in India; and.
- Parity with NRIs in financial, economic and educational fields except in the acquisition of agricultural or plantation properties.