A Person of Indian Origin (PIO) is whose ancestors were born in India and he/she has an Indian ancestry but not an Indian citizenship. As per the FEMA of 1999, a person of Indian origin can avail bank accounts, invest in shares and securities in India. So, he or she Has had Indian Passport at any time Himself/herself, parents or grandparents were Indian citizens (of the Constitution of India or Citizenship Act, 1955 (57 of 1955) Is a spouse of an Indian citizen or a person who held an Indian Passport at any time Is a spouse of a person who either was a citizen of India or his parents or grandparents were a citizen of India