Who is a foreign citizen of Indian Origin?
A foreign citizen is deemed to be of Indian origin, if he, at any time, was an Indian citizen or either of his parents or any of his grandparents was a citizen of India. The spouse of an NRI is also treated as an NRI for the purpose of opening and maintaining bank accounts and making investments in shares/ securities in India. Citizens of Pakistan and Bangladesh are not eligible for this status. For investments in immovable properties, a foreign citizen (but not a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Nepal or Sri Lanka) is deemed to be of Indian origin, if he, at any time, was an Indian citizen, or if his father or paternal grandfather was an Indian citizen.
A foreign citizen (other than a citizen of Pakistan, Bangladesh, Afghanistan, Bhutan, Sri Lanka or Nepal) is deemed to be of Indian Origin if : i)he held an Indian Passport at any time or ii)he or his father or paternal grand father was a citizen of India by virtue of the constitution of India or the Citizenship Act, 1955.
Related Questions
- What are the formalities required to be completed by foreign citizen of Indian Origin for purchasing residential immovable property in India under the general permission?
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