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Who is Person of Indian Origin (PIO)?

April 26, 2017indian origin person PIO

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Who is Person of Indian Origin (PIO)?

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Person of Indian Origin (PIO) means a citizen of any country other than Bangladesh or Pakistan,if he at any time held Indian passport; or he or either of his parents or any of his grandparents was a citizen of India; or the person is a spouse of an Indian citizen or a person referred to in sub-clause [a] or [b] Investment by PIO in Indian Securities is treated the same as the investment by non-resident Indians and requires same approvals and enjoys the same exemptions.