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Advantages:  OCI v/s PIO

 What are the advantages of the OCI when compared to PIO card holders ?
(i) An OCI is entitled to life long visa with free travel to India
whereas for a PIO card holder, it is only valid for 15 years.
(ii) A PIO cardholder is required to register with local Police
authority for any stay exceeding 180 days in India on any single
visit whereas an OCI is exempted from registration with Police
authority for any length of stay in India.
(iii) An OCI gets a specific right to become an Indian Citizen as in 31 (see 
below), whereas
the PIO card holder does not have this.

Quote:
31. Can a person registered as an OCI be granted Indian citizenship?
Yes. As per the provisions of section 5(1) (g) of the Citizenship Act, 1955, a 
person who is
registered as an OCI for 5 years and is residing in India for 1 year out of the 
above 5 years,
is eligible to apply for Indian Citizenship.

Know more here
http://www.mha.nic.in/oci/faqs.pdf


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