Question: Is PAN Card Mandatory For OCI Card Holders?

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 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 Overseas Citizen of India apply for PAN card?

Form NRIs who are Indian citizens have to apply for a PAN by filling Form 49A, while NRIs with citizenship of another country need to fill up Form 49AA. These forms can be accessed, filled and submitted online through the websites of UTIITSL and NSDL.

Can a NRI get Aadhar card?

YES. An NRI (whether minor or adult) with a valid Indian Passport can apply for Aadhaar from any Aadhaar Kendra. … If spouse is NRI – valid Indian passport of the applicant is mandatory as Proof of Identity (PoI).

Does OCI card need to be renewed with new 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.

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.

How long OCI can stay in India?

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.

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 do I transfer OCI to new passport?

Applicants are required to fill miscellaneous application form online for transfer of OCI from old passport to new passport and have to submit the printed application along with copy of old and new passport and copy of OCI booklet. Copy of old and new passport and copy of OCI booklet all pages.

Is it mandatory to change from PIO to OCI?

According to the Citizenship Amendment bill, 2015, all PIO card holders are ‘deemed to be’ to be OCI card holders with effect from January 9, 2016. However, the act did not specify that the cards will need to be changed.

What is the difference between NRI PAN card and normal PAN card?

An NRI PAN Card is same as a normal PAN Card. It is just a phrase used to differentiate between the card holders; whether they are Residents or Non-Residents.

Can a 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.

What is the new OCI rule?

Under a new rule, foreign nationals of Indian origin must have six months of continuous stay in India or their country of residence (if different than their country of citizenship) before they submit an OCI application.

Is OCI and NRI same?

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. OCI holders, just like NRIs, can open bank accounts and buy property in the country.

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.

Does an NRI need a PAN card?

PAN Card is required by an NRI, if he/she has got a taxable income in India. According to the new, rule of SEBI ,any NRI not having PAN card cannot do the share trading by depository or broker. By now if you have made up your mind and want to apply for Pan card then here is the procedure for you:.

Can I travel to India with OCI on old passport?

Travellers holding OCI cards are required to carry their OCI card and foreign passport for travel to India. … As such they are allowed to travel to India with their new passport along with old passports/cancelled passports. Entry is NOT allowed, if travellers are not carrying OCI card along with their foreign passport.

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.

Is OCI a lifetime?

The OCI document is a passport-like document (though it is not a passport). … The proof of lifelong visa is now just the OCI Card which has a “Life Time Visa” printed on it. The OCI Card is valid for travel but must be carried with a valid overseas passport.

How long does it take to reissue OCI?

between 8-10 weeksHow long does it take to process the OCI? The processing time for OCI applications is usually between 8-10 weeks after a completed application is sent to the Consulate.

Can we renew OCI in India?

According to a recent Home Ministry order, an OCI card holder is required to re-register each time a new passport is issued till 20 years of age and once after 50 years of age but re-issuance of OCI registration is not mandatory each time a new passport is issued between the ages of 21 and 50.

Can US citizen get PAN card in India?

Foreign citizens/entities can use Form 49AA to apply for a PAN card. … Foreign Citizens/Individuals:Foreign individuals who intend to do any financial transactions in India has to apply for PAN card by submitting valid ID and address proof along with date of birth proof.

What are the documents required for NRI PAN card?

d) Documents Required to Apply PAN Card for NRIProof of IdentityProof of AddressAadhaar CardAadhaar CardBank certificateBank account statementAny photo identity card issued by a government bodyA domicile certificate that is issued by the government.PassportPassport1 more row

Can OCI get driving license in India?

The Minister said all OCI card holders can obtain PAN card and driving licence if they reside in India. They can also open a regular bank account in India while in India; enjoy parity with NRIs in respect of entry fees to be charged for visiting national monuments, historical sites and museums in India.