Thank you for writing in to us. Below is the answer to your query

Question

Is it necessary to obtain a new PAN card when the status is changed from NRI to Foreign citizenship with OCI status. The Indian address remains the same and there is regular rental income in India

Answer

It is not necessary to obtain a new PAN card though ideally the information should be updated if any changes have occurred.  You can do this on your own or go through an intermediary such as an accounting firm in India to make the changes. Let us know if you need a recommendation for someone to help you.

[You can now purchase mutual funds online through InvestmentYogi for Zero fees! All you need to do is to fill in a form online and our team will get in touch with you. Click here to get started!]

Cheers,
The Yogi