For foreign nationals and non-residents, the traditional Form 49AA has been replaced by **Form 95** as of April 2026. This form is tailored to capture the unique identity details of non-Indian citizens.

Who Needs Form 95?

• Foreign citizens residing in India for business or research.
• Non-Resident Indians (NRIs) who do not have an Aadhaar card.
• Foreign investors seeking to interact with Indian financial markets.

Necessary Proof of Identity (POI) for Foreigners

• Original passport copy with valid visa details.
• Overseas Citizen of India (OCI) or Person of Indian Origin (PIO) card details.
• A certified copy of your overseas address proof.

Processing Time for Foreign Citizens

Due to the additional verification required for non-citizen documentation, Form 95 applications typically take 15-20 working days to process after receipt.