Find Answers to Common Queries About Our Articles, Guides, and Updates
No, overseas citizens are not eligible to vote in Indian elections or have constitutional offices as they are not complete citizens of India.
In this case, the overseas citizens are only able to pay tax in India when they have sourced income from India. However, adhering to the same rules as per NRIs they are exempt from paying tax on their global income.
The OCI card provides you the privilege of living lifelong in India. In addition, allowing you to study, work, or stay in India without any time and visa restrictions.
An overseas citizen can travel visa-free in India and have equal rights like the NRIs in financial, economic, and educational fields. However, they cannot hold agricultural land, farmhouses, and plantation property in India.
For Fresh OCI Applications for Adults and Minor $275.00 and if You Need a New OCI, After the Loss of Pio the Charge Will Be $200.
There is No Restriction for OCI cardholders to Travel to India.
Yes, You Can Track Your Application by Using Your Passport Number and the File Reference Number.
The Average OCI application processing time in the USA is 5 to 6 Weeks, if the Details You Filled in the Application Form is Accurate. If You Enter the Wrong Details in the Application It Will Take More Time.
NRE Accounts are tax-free.
A Non-Resident External (NRE) account is a type of NRI bank account that allows Non-Resident Indians to deposit and manage their foreign earnings in India.
Non-resident Indians (NRIs), Overseas Citizens of India (OCIs), and Persons of Indian Origin (PIOs) are eligible for an NRE account.
Yes, an NRE account can use UPI.
Currency risk, Limited investment options, Withdrawal restrictions, Domestic transactions, and Account closure are some of the major disadvantages of an NRE account.
No, you cannot deposit rupees in an NRE account.
The penalty for an NRE account depends on the type of account and the bank
Yes, an NRE account is tax-free. It means that, for the account holder, the principal amount and the earned interest are free from tax. Additionally, the account holder is also free for the repatriation of the principal and interest amount without any limitations.
Yes, a Permanent Account Number is mandatory for an NRE account. If PAN is not available, Form 60 declaration is essential.
Well, it depends on your situation. If you are opening a bank account for depositing your financial income, then an NRE account is a better option for you. However, if you are opening the account for crediting your Indian income, then an NRO account is the right choice for you.
Yes, SBI works in many foreign countries, including SBI USA.
There are more than 36 countries that have SBI branches as of 2024-25.
When you visit a website, it may store data about you using cookies and similar technologies. Cookies can be important for the basic operations of the website and for other purposes. You get the option of deactivating certain types of cookies, even so, doing that may affect your experience on the website.
It is required to permit the basic functionality of the website. You may not disable necessary cookies.
Used to provide advertising that matches you and your interests. May also be used to restrict the number of times you see an advertisement and estimate the effectiveness of an advertising campaign. The advertising networks place them after obtaining the operator’s permission.
Permits the website to recognize the choices you make (like your username, language, or the region you are in). Also provides more personalized and enhanced features. For instance, a website may inform you about the local weather reports or traffic news by storing the data about your location.
Aid the website operator to determine how the website performs, how visitors interact with the site, and whether there are any technical issues.
