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IMPACT – MEDIUM
What is the change? The Indian government has extended the deadline for Person of Indian Origin (PIO) cardholders to convert to Overseas Citizen of India (OCI) cards. The new deadline is March 31, 2020.
What does the change mean? PIO cardholders now have until March 31, 2020 to convert their PIO cards to OCI cards.
Background: The Indian government merged the PIO and OCI schemes in 2015. The government considers all PIO cardholders to be OCI cardholders, but PIO cardholders have been advised to convert their PIO cards to machine-readable OCI cards. The government has extended the deadline for converting PIO cards a number of times and has now given PIO cardholders a deadline of March 31, 2020.
Analysis & Comments: PIO cardholders are advised to apply for machine-readable OCI cards as soon as possible and no later than March 31, 2020. Immigration checkpoints continue to accept PIO cards for now, but after March 31, 2020 handwritten PIO cards will become invalid and cardholders who have not obtained an OCI card may need to obtain a visa or exit permit to travel into or out of India.
Source: Deloitte. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. Deloitte Legal means the legal practices of Deloitte Touche Tohmatsu Limited member firms or their affiliates that provide legal services. For legal, regulatory and other reasons, not all member firms provide legal services. This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms or their related entities (collectively, the “Deloitte network”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte network shall be responsible for any loss whatsoever sustained by any person who relies on this communication. © 2019. For information, contact Deloitte Touche Tohmatsu Limited.
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