puli_keka Posted April 14, 2014 Report Posted April 14, 2014 maa sibling marriage ki money save chesa.. early 2015 lo ayye chance undi.. ippude parents acct ki pampe kanna oka NRO/NRE account open chesi dantlo padeddam anukntunna.. dollar rupee rate padettu undi kada. which acct is better???.. i dont want to invest in india like shares.. just save it and use'em for marriage
puli_keka Posted April 14, 2014 Author Report Posted April 14, 2014 ICICI/AXSSS/HDFC .... icici / hdfc/ axis mudu unnayi maa town lo.. which acct is better for my situation?
Yuva Nataratna Posted April 14, 2014 Report Posted April 14, 2014 http://www.andhrafriends.com/topic/493446-nrenro-account-info-plzz/
Chitti_Robo_Rebuilt Posted April 14, 2014 Report Posted April 14, 2014 icici / hdfc/ axis mudu unnayi maa town lo.. which acct is better for my situation? naku telisi ICICI better anukuntunna.. but kondaru AXIS annaru.. nenu use cheyaley AXIS.. I have ICICI
megadheera Posted April 14, 2014 Report Posted April 14, 2014 I suggest go for small profile bank like andhra bank. I opened in andhra bank. ee corporate banks tho eppatikaina talanoppi. last time HSBC reported few accounts to IRS
puli_keka Posted April 14, 2014 Author Report Posted April 14, 2014 naku telisi ICICI better anukuntunna.. but kondaru AXIS annaru.. nenu use cheyaley AXIS.. I have ICICI ippude rupees lo ki convert avvali.. so NRO cheyala? paina thread lo details isthe icici vaadu call chesthadu anta.. i will do
Chitti_Robo_Rebuilt Posted April 14, 2014 Report Posted April 14, 2014 ippude rupees lo ki convert avvali.. so NRO cheyala? paina thread lo details isthe icici vaadu call chesthadu anta.. i will do NRE or NRO denikaina cheysukovocchu... NRO lo tax undadu.. NRE ki taxes cut aithaay.... yes vallaki call cheysthey anni deails teesukoni emi kavali adugutharu .. avi ready cheysukuntey valla agents vacchi pick cheysukuntaru 10 days lo anni pampincheystharu... ready to use inka
agora Posted April 14, 2014 Report Posted April 14, 2014 emana special use ha ee NRE/NRo accounts valla
just2deal Posted April 14, 2014 Report Posted April 14, 2014 NRE= Non Resident External NRO=Non Resident Ordinary In NRE account you can send /remit money from abroad and can not be used to deposit money in India.You can only withdraw money NRO account can be used to send money from abroad and as well as deposit money in India .If you have any income from India like rents,commissions,dividends or profits from any investments,this account is ideal The advantage of NRE accounts is there is NO Tax on interest earned and 100% of the funds are repatriate .i.e you can take back all funds back to the country where they came from..means you can convert all the amount to $$$ where as interest earned in NRO accounts is taxable and I think the funds are not 100% repeatable ! BTW there is one more type of account NRFCD or Non Resident Foreign Currency Deposit account.In this account you can open a US$ or Euro or GBP or CAD account in India and deposit foreign currency and earn interest better than US.I guess it is around 2%
megadheera Posted April 14, 2014 Report Posted April 14, 2014 NRE or NRO denikaina cheysukovocchu... NRO lo tax undadu.. NRE ki taxes cut aithaay.... yes vallaki call cheysthey anni deails teesukoni emi kavali adugutharu .. avi ready cheysukuntey valla agents vacchi pick cheysukuntaru 10 days lo anni pampincheystharu... ready to use inka It is otherway around. NRE ki Tax cut kaadu india lo and they accept only foreign currency(Transfer from foreign account) NRO is taxable. It is same like savings account in india and accepts only indian currency. As an NRI you are not supposed to have savings account, that is the reason bank will give NRO account. in both accounts if you have more than 10000USD worth at any point of time(even 1 day) you should report the accounts to IRS and pay taxes in US on the interest you earned
madhavan Posted April 15, 2014 Report Posted April 15, 2014 Yup NRO is Taxable not NRE NRE is Tax free but NRE tho rob enti ante nuvvu indian accounts ki transfer cheyyochu kaani vallu neeku cheyyaleru. they accept only dollars for NRE. nee situation ki only nuvve pampinchi save chestha antunnav kabatti NRE is best I feel. lets wait for others and see what they say.
puli_keka Posted April 15, 2014 Author Report Posted April 15, 2014 Yup NRO is Taxable not NRE NRE is Tax free but NRE tho rob enti ante nuvvu indian accounts ki transfer cheyyochu kaani vallu neeku cheyyaleru. they accept only dollars for NRE. nee situation ki only nuvve pampinchi save chestha antunnav kabatti NRE is best I feel. lets wait for others and see what they say. lite.. mostly this acct is to transfer money to my father acct.. 2008 lo MS ki techukunna dabbulu thappa eppudu adagaledu.. vallu naaku pampalsina sitution vasthe i have to re think about my life then.. seems like NRE is better but will do more research..
suryausa Posted February 13, 2015 Report Posted February 13, 2015 NRE= Non Resident External NRO=Non Resident Ordinary In NRE account you can send /remit money from abroad and can not be used to deposit money in India.You can only withdraw money NRO account can be used to send money from abroad and as well as deposit money in India .If you have any income from India like rents,commissions,dividends or profits from any investments,this account is ideal The advantage of NRE accounts is there is NO Tax on interest earned and 100% of the funds are repatriate .i.e you can take back all funds back to the country where they came from..means you can convert all the amount to $$$ where as interest earned in NRO accounts is taxable and I think the funds are not 100% repeatable ! BTW there is one more type of account NRFCD or Non Resident Foreign Currency Deposit account.In this account you can open a US$ or Euro or GBP or CAD account in India and deposit foreign currency and earn interest better than US.I guess it is around 2% ok
.thumb.jpg.ce42bb16ec102475a78c2087ce269c7d.jpg)
.thumb.gif.343fe49c7e1c507ae0056326bd8cf77e.gif)
Recommended Posts