Eligibility
Any person holding a foreign passport but
who can prove his Indian origin upto three generation before ie. either the person himself
or his father or grandfather or great grandfather must have been a citizen and resident of
India.
Fees
In Fee for the PIO Card is US $1000/- i.e.
Sing Dollars 1700/-, which consists of processing fee of US $ 250.00, which will not be
refunded in case the person is found to have misrepresented the facts to obtain PIO card.
In other words, in case of rejection of application a sum of Sing Dollars 425.00 will be
retained by the government towards processing fee and a sum of Sing dollars 1275.00 will
be refunded. |
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Benefits of the Cards
PIO cards will be give the holder
the the following documents:- |
| a. |
Visa-free
entry into India for twenty years. |
| b. |
Exemption
from the requirement of registration at the Foreigners Regional Registration Office
if the period of stay in India does not exceed 180 days. In the event of continuous stay
for more than 180 days, the PIO card holder will have to register himself/herself at the
concerned FRRO office at District Hqrs. |
| c. |
PIO
card holders shall enjoy parity with NRIs in respect of facilities available in economic,
financial and educational fields except matters relating to acquisition of agricultural/
plantation properties. The facilities will include acquisition, holding, transfer and
disposal of immovable properties in India except agricultural/ plantation properties. |
| d. |
Admission
of children in educational institutions in India in the general category quota for NRIs
including Medical, Engineering colleges, IITs & IIMs. |
| e. |
Various
Housing schemes under Life Insurance Corporation of India (LIC), Central/State
Governments. |
| f. |
All
future benefits extended to NRIs would also be available to PIO card holders. |
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| On
30th March99, the Reserve Bank of India has simplified facilities for NRI/PIOs.
These changes are: |
| a. |
To
permit NRI/PIOs to open bank accounts in India at par with Rupee Account maintained by the
residents. They will now be allowed to open Non-Resident (Special) Rupee Account with
Banks in India for example, facilities and restrictions are applicable to Rupee Account
maintained in India by the residents in regard to repatriation of funds held in these
accounts and/or income/interest earned on them. The procedure for opening such accounts
will be the same as in the case of domestic accounts of resident individuals |
| b. |
To
resident individuals, partnership/ proprietorship concerns, permission has been granted to
avail interest bearing rupee loans from NRI/PIOs are allowed to transfer by way of gift,
shares held by other Indian companies and all PIOs to transfer by way of gift immovable
properties held by them in India to register charitable trusts/ organisations subject to
compliance with other applicable rules and regulations including the provisions of Foreign
Contribution Regulations Act, 1976. |
| c. |
Allows
investment on repatriable basis for NRIs in Air Taxi operations subject to the approval of
the Director General of Civil Aviation. |
| d. |
All
domestic, public and private sector mutual funds for issue of units to NRIs and PIOs on
both repatriation /non-repatriation basis. |
| e. |
NRI/PIOs
to place deposits with Indian firms on non-repatriation basis and with Indian companies
including Non-Banking financial companies on both repatriation/non-repatriation basis. |
| f. |
NRIs/
PIOs for sale of shares acquired under direct investment schemes on Stock Exchanges in
India. |
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Exceptions
|
| a. |
PIOs
will, however, not be eligible for any political rights. |
| b. |
Citizens
of Pakistan, Bangladesh and other countries as may be specified by the Central Government
from time to time, would not be eligible for grant of PIO Cards. |
| c. |
Grant
of PIO card shall not per se entitle the PIO card holder to visit the restricted/protected
areas without due permission. |
| d. |
The
PIO Card will not entitle the holders to undertake mountaineering, research and missionary
work without prior permission. |
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Documentation
Required
|
| a. |
Prescribed
forms to be filled up in duplicate. |
| b. |
Copy
of the Indian passport if ever held by the applicant |
| c. |
Copy
of the present passport held by the applicant indicating place of birth of the applicant |
| d. |
Any
other documents satisfactorily proving the residentiality, etc. like for example revenue
records, school leaving certificates and domicile certificates etc. |
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