boggavarapu - This is a question which continues to be in everyone's mind. Here are a few things which either one cant do or need special permission of RBI etc.
- Missionary, mountaineering and research activity
PIO Card holder has this limitation. I didn't think OCI Card holder too? -
Yes they have such limitation. Look at
http://mha.nic.in/oci-chart.pdf
- Visiting PAP / RAP areas
Yes - Applies to both PIO & OCI Card holders
- Investment as a resident is a grey area - no one knows for sure whether you remain an NRI or become resident Indian
I think OCI should certainly find it very easy for investment and business when compared to PIO Card holder!!
That's our wishlist. I have asked this question on forums including this and no one has been able to answer that (with experience or source of authenticate info). I have asked this to bankers and brokers from India. No one knows for sure. I 'think / should be' etc are of no use.
- If you stay in hotels etc you need to fill in foreigner's registration form C (somewhere I saw some material on web that you dont have to do this as an OCI - but not sure
I am sure this will not apply to OCI Card holder!!
Again I would rather have it somewhere mentioned expliclty e.g. mha site. The hotels in India if not aware will make you fill that form
- Agricultural property
Yes - applies to both PIO and OCI Card holders.
- Any immovable property (need to file a form with RBI)
I don't think this will apply to OCI!!
Yes this will apply to OCI. Why do you think PIO and OCI are different. Again have a look at MHA site - it clearly tells the difference between the two - its only the lenght of visa, registration and regaining full Indian citizenship which are different than PIO.
- Some restriction on acquiring / selling immovable properties (e.g cant sell / buy from another NRI
Not sure about this ?
Read RBI guidelines for this. Keep in mind you still are not Indian citizens with OCI.
- No ration card (again I am not very sure)
I think OCI should be able to get one while residing in India?
On what basis
- Admission to schools / colleges for kids - not sure whether one can use general category or has to use expensive NRI quota
This will definitely further clarification from GOI
- Higher charges in hotel (though not by law but by practice)
We need to monitor on this
How ?
- No clarity on insurance, LIC, PPF, postal and so on schemes
Time will tell us on these matters!
Thanks. Would welcome any other comments.
I am sure mangal and other esteemed members can throw some light on this. But we need really people who are in India on PIO card to tell us their experience (legal - becoz in India generally the attitude is no one bothers to implement - but we need to know the true legal position) and also the daily life experience.
All in all things will be never the same again. I would suggest people who have not lost their Indian nationality to think many times before they do so by acquiring other nationality if they are gonna R2I anytime.
And remember I have not even looked at the social, moral challenges to stay there on PIO / OCI. e.g. Is there a moral lecture given every time in social meetings / gatherings, are they treated with difference(suspicion), do the people face problems at work places, do the kids face problems in schools or any other issues / challenges. And what could be done to minimise them.
And also how do the PIOs of Foreign Nationality feel themselves. Is there a constant feeling of guilt, lower morale etc.
So all in all - I dont see any point in loosing Indian nationality - the times have changed.