Quick Answer: Is OCI Good Or Bad?

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..

What is the advantage of having OCI card?

The card provides a lifelong visa to the holder, sparing them the need for permits. OCI holders are treated on par with NRIs for economic, financial and educational matters and only don’t have political rights and rights to buy agricultural and plantation properties or hold public office.

How do I renew my Indian OCI card?

OCI cards need to be renewed in the following cases:New Passports Issued up to Age 20. … New Passport Upon Turning 50. … In Cases of New Documents. … Step 1 – Visit the OCI Website. … Step 2 – Review Before Applying. … Step 3 – Get a Web Reference Number. … Step 4 – Start Your Application.More items…

Can OCI travel to India now?

Overseas Citizen of India (OCI) card holders and foreign nationals can visit India for any purpose, except on tourist visa, the government said today as it eased visa and travel restrictions imposed amid the coronavirus pandemic.

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.

Should I apply for Indian visa or OCI?

If you require an OCI card for staying in India for under five years, opting for an India visa is an ideal choice. This is because it is easy and convenient to apply. Also, you can apply it online through a third-party agent. Thus, it saves you both time and money unlike applying for an OCI card.

Is OCI card valid for life?

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.

Can OCI get Aadhar?

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.

How long can you stay in India with 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 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.

Can OCI holders get PAN card?

People who hold Indian citizenship and settled abroad should use the Form 49A available for Indian citizens. Whereas NRIs who hold foreign citizenship, such as OCI holders or people of Indian origin who possess foreign citizenship or foreigners who are not of Indian origin are required to fill Form 49AA.

Is OCI a card or stamp passport?

For OCI applications lodged from 1st September 2015 onwards, applicants will be receiving only OCI cards and NO U-visa stickers. Therefore, they are not required to submit their foreign passports for stamping. OCI cards in respect of such applicants will be sent to their postal address.

Is OCI better than Visa?

OCI is a lifelong visa to live and work in India as any other Indian citizen or NRI. But unlike visitors on other long-term visas (for example, work permits, student visas), OCI holders do not have to register with their local FRRO. … Your OCI card is also just as good as a piece of ID as an Indian passport.

Can I buy property in India with OCI?

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.

Does OCI need to be renewed with passport?

A: OCI card holder who is 20 years of age or younger, OCI card must be renewed each time a new passport is issued. OCI card holder who is 21 to 49 years of age, it is not mandatory to renew OCI card each time a new passport is obtained.

How much is the fee for OCI card?

Fees for OCI CardServiceConsular FeeTotalNew OCI for PIO Card Holder (Adult)$275.00$45New OCI card (Adult/Minor)$275.00$295.00Re-issue in case of Lost /Damaged OCI card$100.00$120.00OCI Re-issue for new passport$25.00$45.003 more rows

Can OCI get government job?

Most advertised jobs require the applicant to be a ‘Citizen of India. ‘ However, in some cases, government department hires deputees and others with an international background. Such roles may not require an Indian citizenship and an OCI may be eligible.

How long does it take for OCI card in USA?

8-10 weeksOCI applications are typically processed within 8-10 weeks. However, the processing time depends on the application itself; applications that are submitted incorrectly or missing information may take longer.