Originally Posted by
oliver2002
Just looked at the updated RBI FAQ, and it clearly says OCI/PIO need not apply.
There does not seem to be any revision. It is still same as what it was almost 12 days ago. Item 6 is exactly what had led to discussion on this thread (Post 180-182 onwards...)
While both MEA and Home MInistry website even today spells out that OCI will be treated on par with NRI on financial matters, this specific stand by RBI/GOI is yet another proof of Indian establishment being proven lier/cheater/untrustworthy.
It is not the loss of legal few hundreds USD/GBP/EUR (Many of us have been victim of mugging, robbery, pickpocketing but it hurts when it is Government doing it). As few on this thread have said it, it is difficult to trust ANY system in India.
Of course this is not as bad as "Can't visit India to cremate your father on 10 year multiple entry if you had visited him during bypass surgery 2 months earlier" rule or that other pathetic rule about re-doing OCI after age 50.