NRI (Non-Resident Indian) 🌍

• NRI status applies to Indian citizens residing abroad.
• Primary reasons for NRI status include employment abroad or uncertain duration of stay.

PIO (Person of Indian Origin) 🛂

• PIO status is granted to individuals who have a connection to Indian citizenship.
• Eligibility can be based on holding an Indian passport 🛂 or having lineage connecting them to Indian citizenship, as per the Constitution of India or the Citizenship Act, 1955.

OCI (Overseas Citizen of India) 🌐

• OCI status covers various categories:
  • Individuals who were Indian citizens during or after the Constitution’s commencement.
  • Those eligible for Indian citizenship at that time.
  • Individuals from territories that joined India post-Independence on August 15, 1947.
• OCI status allows certain privileges and rights similar to Indian citizens while living abroad.

💸 Payment Options for NRIs:

1. 💳 Normal banking channels.
2. 🏦 NRE (Non-Resident External) Rupee account – opened by NRI, various account types, minimum 1-year FD maturity.
3. 💱 FCNR (Foreign Currency Non-Resident) account – offers nomination, nominee can be an Indian resident.
4. 🇮🇳 NRO (Non-Resident Ordinary) Rupee account – for rupee transactions, various account types.

❌ Note: Traveler’s cheques, foreign currency notes, and other modes not allowed for property purchase.

✍️ Recommended: NRIs should consider granting Power of Attorney (POA) to a trusted relative/friend for smoother documentation.

🏗️ For under-construction properties, developers often require POA to handle paperwork when the NRI is abroad.

🤝 POA is useful for property sale, but consult a lawyer for document verification.

📜 Documents Needed for Property Transactions:

1. 🇮🇳 Indian Passport: For Indian citizens.
2. 🌍 PIO Card (Person of Indian Origin): For foreign passport holders with Indian lineage.
3. 🌐 OCI Card (Overseas Citizen of India): Eligible for those not Indian citizens but connected to India pre/post-partition.
4. 💳 PAN Card (Permanent Account Number): Mandatory for income tax returns when renting or selling property.
5. 📝 Power of Attorney (POA): Enables a representative to handle property processes on your behalf.
6. 🏠 Others: Address proof and passport-size photographs. Apply at the Indian embassy or consulate in your country of residence with parent’s birth certificate as OCI or PIO proof.