OCI - Overseas Citizen of India

Ever thought of what would happen to the legal standings or the rights of an Indian resident who has been living overseas for some time. Or someone marries and has a family with someone who is not an Indian resident?

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

This article discusses the key aspects of an Overseas Citizen of India (OCI).

What is an OCI?

The OCI full form is Overseas Citizen of India. An OCI is a person who is a citizen of another country; however, is guaranteed certain rights that are enjoyed by an Indian citizen.

An OCI card, in the simplest words, is a long-term visa that is accessible to the citizen of other countries who hold a familial link to the nation.

The Indian constitution does not permit holding the citizenship of India and foreign country citizenship simultaneously. The Overseas Citizenship of India (OCI) is the scheme that was initiated by amending the Citizenship Act, 1955 in 2005 August.

Who is Eligible to Apply for Overseas Citizen of India?

Listed below are the categories of person that are entitled to apply under the overseas citizen of India scheme except for Bangladesh and Pakistan:

Anyone who is a citizen of another country and was an Indian citizen during or after the constitution commencement.
Anyone who is a citizen of any other country and was eligible to become an Indian citizen during the constitution commencement.
Anyone who is a citizen of any other country, however, belonged to the territory, which became part of India after 1947, August 15.
Anyone who is a grandchild or child or the great-grandchild of such a citizen.
A person who is the minor child of a person mentioned in either clause (a).
A person who is a minor child and the parents are Indian citizens or either one of the parents is an Indian citizen.
Spouse of the foreign origin of an Indian citizen or spouse of the foreign origin of an OCI cardholder registered within Section 7A. Besides, the marriage has been registered and get along for a continuous period of not less than 2 years preceding the application presentation.

The Recent OCI Changes in 2021

In March 2021, the government of India issued a circular that delineates the privileges afforded to the OCI cardholders in India. This new circular consolidates all the previous circulars that have been issued by the Indian government.

One of the important modification that has been introduced is the reporting obligations of the overseas citizens of India cardholders. From now on, any change in the residential address or occupational has to be reported. A couple of years ago, another noteworthy change was when the OCI cardholders were required to procure the special permit to undertake any Tabligh activities.

The previous circulars indicated that the OCI cardholders need to get special permits to conduct any missionary, mountaineering or journalist activities; however, did not specify any certain group.

Under 2021, March notification, there is a new requirement wherein the OCI cardholders who are looking forward to an employment or internship with any nations foreign offices also need to procure the special permit.

How to Register for the OCI - Overseas Citizen of India?

The application for registration as an overseas citizen of India can be made easily online. Before, filling the application form, read the instructions carefully to avoid any mistake.

The details regarding the fees and offices where the documents need to be submitted to complete the verification process might also be pursued.

The person who is registered as the OCI cardholders are not given any right to vote, holding any of the constitutional posts, and so forth. However, the registered OCI cardholders are eligible for many benefits.

Any individual registered as the OCI cardholder is entitled to apply for the grant of citizenship of India under Section 5 (1) (g) of 1955, Citizenship Act. This is possible when the individual is registered as the OCI cardholder for 5 years and is an ordinary Indian resident for 12 months before an application is made for the registration. When the central government is satisfied with the existing circumstances and has recorded it in writing, they would relax the tenure of 12 months up to 30 days maximum that will vary in the different breaks.

To apply for the OCI registration, visit the link https://ociservices.gov.in/

New OCI Registration

Before an individual starts with the OCI registration, the following are some important pointers that need to be kept in mind:

Check the eligibility criteria before starting with the OCI registration
In case one is an OCI cardholder already, then use the OCI miscellaneous services.
If one is a PIO cardholder, then register via OCI registration instead of the valid PIO card.
If one is a PIO cardholder and the card has been lost, then register via the OCI registration instead of the lost PIO card.
To reprint the registered application already, use the service of ‘Re-print Submitted Application’.
In case of urgent travel, the applicants should likewise apply for an appropriate visa.

To view the current status of the OCI application, visit the link https://ociservices.gov.in/statusEnqury

Enter the passport and file reference number.

FAQs

Q. Does the overseas citizen of India cardholders require a visa to visit India?

No, the OCI cardholders do not need a visa to visit, work or live in India.
Q. Do the OCI cardholders need any permission in advance or clearance to visit India?
The OCI cardholders required to get a special permit for the following:
- Any research-related activities
- Internship/Employment from any foreign government or foreign diplomatic missions
- Journalistic, missionary, mountaineering or tabligh activities
Q. In case an individual was a person of Indian origin or the PIO scheme, which was withdrawn in 2015. What would happen to those individuals then who were registered as the PIOs?

On 2015, January 09, the Indian government issued the notification in regards to the merger of the PIO and OCI schemes. It states that all the existing PIO cardholders registered within the new PIO card scheme 0f 2002 are then expected to apply for the OCI card.
Q. Is there any deadline to convert the PIO to the OCI card?

The deadline to convert the PIO cards has been extended often since the time of the merger of the two schemes. This gives more time to the PIO cardholders to apply for registering as the OCI cardholder. The Indian Consulates abroad have also issued press releases that have extended the deadline until 2021, December 31 for the cardholders of PIO to convert the PIO cards to OCI cards.
Q. Should the OCI cardholder register with the Foreigners Registration Office/ Foreigners Regional Registration Office upon arrival in India?

The OCI cardholders are exempted from the registration with the Foreigners Registration Office/ Foreigners Regional Registration Office for the length of stay in India.
Q. Is there any reporting required for the OCI cardholders?

The OCI cardholders need to inform the FRO or FRRO of the relevant jurisdiction through email when the residential address or the occupation change.
Q. Can the OCI cardholders cast the vote in India?

The OCI cardholders neither can vote nor entitled to hold any Indian government jobs, run for public office, and so forth.
Q. Will the OCI cardholder lose the OCI status when divorced from the Indian national?

Yes, after the divorce, the foreign national would lose the OCI status. In case of such a circumstance, the foreign nationals will surrender the OCI card after the marriage dissolution.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Past 10 Years' annualised returns as on 01-12-2024

^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.

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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%

¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.

**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).