Can an OCI open a bank account in India?

Yes, an Overseas Citizen of India (OCI) can open a bank account in India. According to RBI guidelines, OCI cardholders are eligible to open Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) accounts. These accounts allow them to manage foreign earnings, local income, and investments securely. Additionally, OCIs who reside in India can open resident bank accounts. To open these accounts, applicants generally need to provide their foreign passport, OCI card, and proof of address.