Wealth Summit 2023 - Full Day Live Event
Sun, Dec 10, 2023
35145 Newark Blvd, Newark, CA 94560, USA
$40 to $75
As an Overseas Citizen of India (OCI), you enjoy several rights and benefits in India. The OCI scheme was introduced to provide certain privileges to foreign nationals of Indian origin. Here are some of the rights and benefits conferred to OCI holders:
Multiple entry and lifelong visa: OCI cardholders are granted multiple entries, the multi-purpose lifelong visa that allows them to visit India without the need for a separate visa. They can enter and exit India multiple times without any restrictions.
Exemption from registration: OCI cardholders do not need to register with the local Foreigners Regional Registration Office (FRRO) regardless of the duration of their stay in India.
Parity with Indian citizens: OCI cardholders receive the same treatment as non-resident Indians (NRIs) in various aspects, such as economic, financial, and educational fields, except for the acquisition of agricultural or plantation properties.
Employment and business opportunities: OCI cardholders have the right to work and undertake employment in India, subject to certain restrictions. They can also pursue business and professional activities in India, except in specific areas, such as mountaineering, journalism, and research work.
Education benefits: OCI cardholders are eligible for admission to educational institutions in India under general categories, including medical and engineering colleges, institutes of technology, and management institutions. They are also entitled to avail of various scholarships and other financial aid programs offered to Indian citizens.
Financial and economic rights: OCI cardholders have the same economic, financial, and investment opportunities as Indian citizens, except for certain areas such as acquiring agricultural or plantation properties. They can open bank accounts, purchase non-agricultural properties, and invest in stocks and securities.
Social and cultural rights: OCI cardholders can participate in cultural and academic activities in India and can join various professional organizations, societies, and clubs. They can also contribute to charitable and cultural organizations in India.
Consular services: OCI cardholders can avail of consular services from Indian missions abroad. They have access to assistance and protection by Indian diplomatic missions and consular posts, similar to Indian citizens.
It is important to note that while OCI cardholders have several rights and benefits, there are still certain restrictions and limitations in specific areas, such as acquiring agricultural land, voting rights, and holding certain public offices. It is advisable to refer to the latest guidelines and regulations issued by the Indian government regarding OCI privileges