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Opening an Indian Bank Savings Account

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Comments

  • pKaTz
    pKaTz Posts: 255 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    What about the PIO card. Person of indian origin.
    Is that the same kind of thing as OCI?
  • cskay
    cskay Posts: 27 Forumite
    pKaTz wrote: »
    What about the PIO card. Person of indian origin.
    Is that the same kind of thing as OCI?
    It is similar but not the same. PIO is kind for 15 years visa to India and you get some other benefits. OCI is recently introduced and gives much more. OCI is life long Visa. You get all the benefits as an Indian citizen gets with exception of voting, government employment and buying farm land. On other fronts its almost equivalent to Indian citizenship.
    I don't see a reason to go for PIO instead of OCI now.
    ________________________________________
    From my experience:
    the bank I liked
    choosing nri bank account
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