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Yes, a Permanent Account Number is mandatory for an NRE account. If PAN is not available, Form 60 declaration is essential.
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.
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.
NRE Accounts are tax-free.
Yes, an OCI cardholder can take health insurance in India despite having preexisting health conditions. In case of preexisting medical conditions disclose this thing to the insurer or else there is a chance that at the time of requirement, your claim can be rejected.
Yes, an OCI can become an Indian citizen again. According to section 5(1) (g) of the Citizenship Act, 1955, provision an individual who has been a registered OCI cardholder for 5 years and has been living in India for one year out of the five years, is eligible to apply for citizenship in the country.
Generally, the OCI application takes 4 to 8 weeks to process. However, this time may vary depending on the available volume of applications and individual circumstances.
Yes, OCI cardholders can apply for an Aadhaar card. However, for this, they need to fulfill the 182-day stay residency requirement in India. In this, within 12 months, they need to live in the country for at least 182 days preceding the Aadhaar card application.
Yes, with an OCI card, you can stay in India forever. The card grants a lifetime visa to the cardholder with multiple entries in the country for multiple reasons. Also, with the OCI card by your side, you do not register yourself with local authorities for your stay in the country.
Foreign nations who belong to Indian origin or are married to an Indian cannot apply for the OCI card in India while being on missionary, tourist, or mountaineering visa. For this, first, they need to apply for an X1 visa and stay up to 180 days in the country then apply for a card from India.
Generally, an X visa holder in India does not have permission to participate in business activities or employment. This visa is primarily granted for visiting relatives, tourism, or accompanying other X visa holders. However, in some cases of dependent or minor children of Indian origin, the situation is slightly different. The children have permission to study till the 12th grade in India.
The price of a visa extension in India varies depending on the visa type, stay duration, and the country you are applying from. For example, the FRRO may charge a penalty fee for overstaying in the country, and additional costs may be charged for the extension of the visa itself.
With an entry X visa, you can stay up to 180 days in India. In case you want to stay longer than the fixed duration, you need to register with the FRO or FRRO. Additionally, an X visa can be yearly extended for a maximum of five years, subject to MHA approval.
An X1 visa in India offers several benefits, such as longer stays for applicants, multiple entries in the country, and potential for jobs. In addition, the X1 visa also allows the applicant to stay up to five years with multiple entries in India, helping them to extend their duration for several purposes like vacation, business, and even employment.
No, an X1 visa holder cannot work in India. This visa type is an entry visa for Persons of Indian Origin (PIO) or dependents of Indian citizens. It is valid for up to five years; however, it does not allow the visa holder to participate in business ventures or employment in India.
To convert your tourist visa to an X1 visa, first, you need to check whether you are eligible for it or not. After that, for the visa conversion, you can apply through the Indian Bureau of Immigration. The visa conversion process includes submission of an online application, submission of requested documents, and payment of the conversion fees. Additionally, the visa conversion process takes a few weeks to several months, so it is advisable to apply accordingly to avoid an overstaying penalty in the country.
An Indian X visa is also popularly known as an entry visa. It is permitted to individuals who belong to Indian origin or those who have ties to Indian nationals or PIO/OCI cardholders. An X visa is a multiple-entry visa that allows the applicants to stay longer in the country than an Indian tourist visa.
Generally, within 3-7 business days, an Indian X visa application takes to process. However, here it does not include the postal delivery time. Additionally, the processing time may vary depending on the circumstances of the applicant, visa type, stay duration, and increased volume of visa applications.
Generally, it is not allowed to convert your tourist visa to an X visa unless you meet the specific circumstances as stated by the Ministry of Home Affairs (MHA). An X entry visa is generally for those who belong to Indian origin, those who have strong ties with the country, and want to stay longer in India, and PIOs.
The key difference between the two visas, i.e., X1 and X2, is in their eligibility. The X1 visa is permitted to PIOs who do not have an OCI card and who are not eligible to apply for an OCI card in India. However, the X2 visa is generally for children and spouses of Indian citizens of PIOs.
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