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The Overseas Citizen of India (OCI) status is a type of permanent residency offered to individuals of Indian origin and allows them to stay and work in India for an indefinite period. The OCI status offers several benefits such as visiting India unlimited times for an individual’s entire lifetime. However, obtaining the OCI status is subject to certain eligibility criteria and procedures. Read on to get a deeper insight into the OCI eligibility, required documents, application process, and more.
The OCI status is primarily aimed at individuals of Indian origin, as well as their descendants who are citizens of other countries. The eligibility criteria for an OCI status include:
OCI status bridges the gap between heritage and opportunity, offering individuals of Indian origin a seamless pathway to reconnect with their roots and contribute to India's diverse global community.
To apply for the OCI status, the following documents are typically required:
The process of applying for the OCI status involves the following steps:
Conclusion
Metra Trust offers a range of banking solutions to individuals with OCI status through NRI banking. You can choose the type of NRE or NRO account depending on your needs and enjoy one of the best interest rates with monthly interest payouts. You can also access your bank account from abroad with the revolutionary Metra Trust mobile app and send money to and from your country of residence anytime.
Obtaining an OCI status offers a gateway to India for individuals of Indian origin residing abroad, facilitating seamless travel, residence, and participation in various activities in the country. By understanding the eligibility criteria and required documents for the OCI status, eligible individuals can avail themselves of this valuable opportunity to reconnect with their roots and contribute to the diverse economy and culture of India.
Disclaimer
The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.