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Home >> Services >> NRI Services  >> >> Who is NRI/PIO ?  >> >> PIO
PIO
   
A. For the purposes of borrowing and lending in rupees, deposits, remittance of assets and transfer or issue of security by a person resident outside India: Person of Indian Origin means a citizen of any country other than Pakistan or Bangladesh, if,
   
1. He, at any time, held an Indian passport,
2. He or either of his parents or any of his grand parents was a citizen of India by virtue of the Constitution of India or Citizenship Act, 1955 (57 of 1955),
3. The person is a spouse of an Indian Citizen or a person referred to in sub clause (1) or (2)
   
B. For the purpose of investments in firm or proprietary concern in India:
   
C. Person of Indian Origin means a Citizen of any country other than Pakistan or Bangladesh or Sri Lanka, if,
   
1. He, at any time, held an Indian passport,
2. He or either of his parents or any of his grand parent was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955),
3. The person is a spouse of an Indian citizen or a person referred to in sub clause (1) or .
   
D. For acquisition and transfer of immovable property in India:
  Person of Indian Origin means an Individual (not being a citizen of Pakistan or Bangladesh or SriLanka or Afganistan or China or Iran or Nepal of Bhutan) who
   
1. He, at any time, held an Indian passport,
2. who or either of whose father or whose grandfather was a citizen of India by virtue of the Constitution of India or the Citizenship Act 1955(57 of 1955).
   
  Check your eligibility for opening an NRE / NRO / FCNR / RFC account as a Non-Resident Indian (Person of Indian Origin). In case you fulfil the conditions, please read instructions regarding 'How to open the account' and 'Modes of remittance'  of funds before downloading Account Opening Form.