dilkush Posted March 20, 2014 Report Posted March 20, 2014 bhaya..NRE/NRO account open chesthey... can we transfer money to family or friends from this NRE/NRO account and others can deposit or transfer money to this account from their India bank account ?
hotmaddy Posted March 20, 2014 Report Posted March 20, 2014 Okati taxable, okati non taxable Taxable di India lo kuda transactions chesukovachu... non taxable aithe only US nunde transactions
hotmaddy Posted March 20, 2014 Report Posted March 20, 2014 bhaya..NRE/NRO account open chesthey... can we transfer money to family or friends from this NRE/NRO account and others can deposit or transfer money to this account from their India bank account ? See above comment
dkchinnari Posted March 21, 2014 Report Posted March 21, 2014 bhaya..NRE/NRO account open chesthey... can we transfer money to family or friends from this NRE/NRO account and others can deposit or transfer money to this account from their India bank account ? NRE account lo only dolars ee deopsit cheyochu...nro lo both dollars n rs deposit cheyochu.. open chesthe both nre/nro open chesei..best..india velthe nro account debit card vadukovachu... nro nunchi cheyali family n frnds ki.... ardham ayindha bhyya :D
ChampakDas Posted April 14, 2014 Report Posted April 14, 2014 mayya oka 2-3 lines lo benefits chepthava NRE vi over NRO %$#$ goto this link: http://www.icicibank.com/nri-banking/bankAccounts/bankacount_overview.html In that page at the bottom middle, you can see the option "Would you want us to call you"....click on that and give your details...someone from ICICI will call you and explain how and what to fill....
Yuva Nataratna Posted April 14, 2014 Report Posted April 14, 2014 mayya oka 2-3 lines lo benefits chepthava NRE vi over NRO %$#$ The Differences between NRE and NRO accounts: 1. Repatriation: NRE account is freely repatriable (Principal and interest earned) while the NRO account has restricted repatriability i.e permitted remittance allowed from NRO is up to USD 1 million net of applicable taxes in a financial year after giving undertaking along with a certificate from a chartered accountant. 2. Tax Treatment: NRE account is Tax free (no Income tax, wealth tax and gift tax) in India. On the other hand the interest earned in NRO account and credit balances are subject to respective income tax bracket and are also subject to applicable wealth and gift tax. 3. Deposit of Rupee funds generated in India: If an NRI/PIO/OCI is earning income originating in India (such as salary, rent, dividends etc.) he/she is only allowed to deposit it in NRO account. Deposit of such earnings is not permitted in NRE account. 4. Joint Holding: NRE account can be iointly held with another NRI but not with resident Indian. On the other hand NRO account can be held with NRI as well as resident Indian (close relative) as defined under Section 6 of the Companies Act 1956.Read more at: http://www.moneycontrol.com/news/fixed-income-bank-deposits/knowdifference-between-nrenro-account-_875207.html?utm_source=ref_article
ChampakDas Posted April 14, 2014 Report Posted April 14, 2014 2 point okati chalu emo to zero down on NRE %$#$ The Differences between NRE and NRO accounts: 1. Repatriation: NRE account is freely repatriable (Principal and interest earned) while the NRO account has restricted repatriability i.e permitted remittance allowed from NRO is up to USD 1 million net of applicable taxes in a financial year after giving undertaking along with a certificate from a chartered accountant. 2. Tax Treatment: NRE account is Tax free (no Income tax, wealth tax and gift tax) in India. On the other hand the interest earned in NRO account and credit balances are subject to respective income tax bracket and are also subject to applicable wealth and gift tax. 3. Deposit of Rupee funds generated in India: If an NRI/PIO/OCI is earning income originating in India (such as salary, rent, dividends etc.) he/she is only allowed to deposit it in NRO account. Deposit of such earnings is not permitted in NRE account. 4. Joint Holding: NRE account can be iointly held with another NRI but not with resident Indian. On the other hand NRO account can be held with NRI as well as resident Indian (close relative) as defined under Section 6 of the Companies Act 1956.Read more at: http://www.moneycontrol.com/news/fixed-income-bank-deposits/knowdifference-between-nrenro-account-_875207.html?utm_source=ref_article
Good_Boy Posted April 30, 2014 Report Posted April 30, 2014 The Differences between NRE and NRO accounts: 1. Repatriation: NRE account is freely repatriable (Principal and interest earned) while the NRO account has restricted repatriability i.e permitted remittance allowed from NRO is up to USD 1 million net of applicable taxes in a financial year after giving undertaking along with a certificate from a chartered accountant. 2. Tax Treatment: NRE account is Tax free (no Income tax, wealth tax and gift tax) in India. On the other hand the interest earned in NRO account and credit balances are subject to respective income tax bracket and are also subject to applicable wealth and gift tax. 3. Deposit of Rupee funds generated in India: If an NRI/PIO/OCI is earning income originating in India (such as salary, rent, dividends etc.) he/she is only allowed to deposit it in NRO account. Deposit of such earnings is not permitted in NRE account. 4. Joint Holding: NRE account can be iointly held with another NRI but not with resident Indian. On the other hand NRO account can be held with NRI as well as resident Indian (close relative) as defined under Section 6 of the Companies Act 1956.Read more at: http://www.moneycontrol.com/news/fixed-income-bank-deposits/knowdifference-between-nrenro-account-_875207.html?utm_source=ref_article nenu money pampali man... India nunchi money avasaram ippudu ledu man... so NRE anukuntunna.... nenu ikkada NRE open chesi dollars vestanu kada.... vatini rupees loki conversion ki exchange rate ela vuntundi man? xoom kante ekkuva istada man? rupee loki convert ayyaka India lo parents tesukovali money ante ela cheyyali man?
dkchinnari Posted April 30, 2014 Report Posted April 30, 2014 nenu money pampali man... India nunchi money avasaram ippudu ledu man... so NRE anukuntunna.... nenu ikkada NRE open chesi dollars vestanu kada.... vatini rupees loki conversion ki exchange rate ela vuntundi man? xoom kante ekkuva istada man? rupee loki convert ayyaka India lo parents tesukovali money ante ela cheyyali man? xoom or money2india or remit2india vaadu...exchnage rate l diff em undadhu ...nee checks ivvu... also nre ithe atm isthadu but ikkada use anthe adi.. india lo vaadali ante go with nro....
Good_Boy Posted April 30, 2014 Report Posted April 30, 2014 xoom or money2india or remit2india vaadu...exchnage rate l diff em undadhu ...nee checks ivvu... also nre ithe atm isthadu but ikkada use anthe adi.. india lo vaadali ante go with nro.... xoom and other services compare cheyatledu man..... xoom and nre accounts madhyalo exchange rate comparison adugutunna man.... nenu $1000 vesanu NRE account lo.... adi India lo nenu checks iste parents ki vallu rupee lo tesukuntaru kada man... appudu ee dollar rupee ki exchange rate ela vuntundi ani adiganu man..... same nro open cheste ee questions answer cheyyi man.... exchange rate for nro ela vuntundi.. compare it to xoom.... mnimum balance entha maintain cheyyali?
puli_keka Posted April 30, 2014 Report Posted April 30, 2014 I opened NRE savings account in HDFC bank.. motham emails lo they helped me on documentation.. ee friday or monday pick up undi.. scanned copies pampanu..but process slow vayya.. acct open ayye lopu trans. rate dobbipoddemo anipisthundi.. I can save rupees in NRE account anta.. confirmed from them... only dollars lo save chesthe inka acount enduku bokka for 4% interest aa..
Silent_Boy Posted April 30, 2014 Report Posted April 30, 2014 xoom and other services compare cheyatledu man..... xoom and nre accounts madhyalo exchange rate comparison adugutunna man.... nenu $1000 vesanu NRE account lo.... adi India lo nenu checks iste parents ki vallu rupee lo tesukuntaru kada man... appudu ee dollar rupee ki exchange rate ela vuntundi ani adiganu man..... same nro open cheste ee questions answer cheyyi man.... exchange rate for nro ela vuntundi.. compare it to xoom.... mnimum balance entha maintain cheyyali? antha confuse kaku bayaa.... NRE iyna NRO iyna nee account lo undevi repee's eee NRO-- nuvvu US nundi and india nundi kuuda amount deposit cheyochu NRO- only US nundi deposit cheyali... Deposit ante nuvvu India ki money ela pamputavo alane.. like money2india or Xoom.. They conver to RS from $ before depositing into your NRE account both cases they will provide you international debit card... so you can you that card anywhere around world... India lo use chesthe international transaction fee undadu
Good_Boy Posted April 30, 2014 Report Posted April 30, 2014 antha confuse kaku bayaa.... NRE iyna NRO iyna nee account lo undevi repee's eee NRO-- nuvvu US nundi and india nundi kuuda amount deposit cheyochu NRO NRE- only US nundi deposit cheyali... Deposit ante nuvvu India ki money ela pamputavo alane.. like money2india or Xoom.. They conver to RS from $ before depositing into your NRE account both cases they will provide you international debit card... so you can you that card anywhere around world... India lo use chesthe international transaction fee undadu nenu confuse kavatledu man.... paina nuvvu typo chesav nenu ela correct chesano choodu.... question enti ante.... manam 1000$ deposit cheste rupee ki convert chesi mana account lo vestaru annavu kada man.... conversion rate ela vuntundi ani question man..... xoom kante baaga istara leka xoom kante takkuva istara ani man.... leka pothe maname xoom dvara convert chesi India lo mana NRE account ki rupee lo dabbulu veyyala? ee last line case kadu anukuntunnanu man..... second question... NRE account ki 15000rs min balance vundali ani yuvanata man cheppadu man... alane NRO account ki min balance entha vundali ani question man... nenekkada confuse avutunna man.. nuvve question ardham chesukokunda wrong answer ichi confuse ayyavu man
Yuva Nataratna Posted May 1, 2014 Report Posted May 1, 2014 nenu confuse kavatledu man.... paina nuvvu typo chesav nenu ela correct chesano choodu.... question enti ante.... manam 1000$ deposit cheste rupee ki convert chesi mana account lo vestaru annavu kada man.... conversion rate ela vuntundi ani question man..... xoom kante baaga istara leka xoom kante takkuva istara ani man.... leka pothe maname xoom dvara convert chesi India lo mana NRE account ki rupee lo dabbulu veyyala? ee last line case kadu anukuntunnanu man..... second question... NRE account ki 15000rs min balance vundali ani yuvanata man cheppadu man... alane NRO account ki min balance entha vundali ani question man... nenekkada confuse avutunna man.. nuvve question ardham chesukokunda wrong answer ichi confuse ayyavu man India lo parents draw chesukuntaaru money antunnav kabatti you should open NRO account...... Xoom and other money trasnfer services compare chesthe just 10 or 20 paisa difference untundi anthe exchange rate lo i.e other services like money2india give more than xoom..... I always prefer xoom for better tracking and ease of use.... manam just xoom use chesi dollars transfer chestham from our USA bank account to Indian bank account.....conversion process mottham bank chusukuntundhi.... 15000 Rs is the minimum quarterly balance needed for both NRE and NRO accounts, at least for ICICI bank ......
dkchinnari Posted May 1, 2014 Report Posted May 1, 2014 nenu confuse kavatledu man.... paina nuvvu typo chesav nenu ela correct chesano choodu.... question enti ante.... manam 1000$ deposit cheste rupee ki convert chesi mana account lo vestaru annavu kada man.... conversion rate ela vuntundi ani question man..... xoom kante baaga istara leka xoom kante takkuva istara ani man.... leka pothe maname xoom dvara convert chesi India lo mana NRE account ki rupee lo dabbulu veyyala? ee last line case kadu anukuntunnanu man..... second question... NRE account ki 15000rs min balance vundali ani yuvanata man cheppadu man... alane NRO account ki min balance entha vundali ani question man... nenekkada confuse avutunna man.. nuvve question ardham chesukokunda wrong answer ichi confuse ayyavu man nre account same as any acct you have in india.. so neeku exchange rate diff ala em undadhu...oepn chesthe nre/nro two ope cheyu...rendu kalipi min 15k chaalu balance..last year 25 k unde..but this year changed to 15k min..roomy opened with icici...nre/nro... nee dbt chetha dbt :P..exchange rate diff em undadhu...mee family draw cheyali anukunte nro lo depost cheyi anthe...
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