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Us Lo Vundi India Lo Bank Account Open Cheyocha


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Posted

Hi All, 

 

nenu India lo bank account open chedam anukuntunna. LA lo vunna present india lo ela open cheyali online options emina vunnaya /? pls suggest

Posted

yes thats what we call NRI account..  we have two types.. 1)NRE(Only you can transfer from abroad, no one can deposit in this account in india), 2)NRO (you can transfer to this account from here and people in india can depoisit into this).. fixed deposits ki NRO account koncham takuva interest vastundi..

Posted

NRE act best ga ayitey... a bank lo open cheyali ..edi best bro...

Posted

As per new rules people get sucked after opening account. Now they treat you as hero. After that you'll get harassed.
Like.... If you want to use USA Mobile number then try to charge. If ur a/c locked they ask u to come India to sign and submit form to reset pwd. If ur wife/hubby has another a/c in same bank then they can't use same mobile numbers. Hell lot if rules.

Posted

Hi All, 

 

nenu India lo bank account open chedam anukuntunna. LA lo vunna present india lo ela open cheyali online options emina vunnaya /? pls suggest

Chesey maaki kiriri

Posted

NRE act best ga ayitey... a bank lo open cheyali ..edi best bro...

ICICI... 

 

But IRS vadu ICICI accounts nio track chestadu.. u have to report your interest earnings in Tax filing in USA. aa godava vaddu anukunte emaina national banks lo open cheyyi. 

Posted

Yes you can open NRE account icici hdfc are good.. Call customer care, vallu konni documents adugutharu, courier pickup untundhi, so all the process takes around 15 days to complete.. But na question IRS ki reporting compulsory na..?

Posted

I am not a US citizen or green card holder. Do i still have to report??

 

goverment banks like SBI ayithe IRS track cheyaledha??

 

 

if you have more then $10,000 . .then you need to report when you file the taxes . there is form you need to add .. talk to CPA , he will tell you .  if you are not US cittizen or green card holder, rules are different

 

read more here on IRS site

 

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-FBAR

 

Posted

yes thats what we call NRI account..  we have two types.. 1)NRE(Only you can transfer from abroad, no one can deposit in this account in india), 2)NRO (you can transfer to this account from here and people in india can depoisit into this).. fixed deposits ki NRO account koncham takuva interest vastundi..

Can i withdraw money from NRE account when in India?  What are the charges if I use NRE debit card abroad?

Posted

As per new rules people get sucked after opening account. Now they treat you as hero. After that you'll get harassed.
Like.... If you want to use USA Mobile number then try to charge. If ur a/c locked they ask u to come India to sign and submit form to reset pwd. If ur wife/hubby has another a/c in same bank then they can't use same mobile numbers. Hell lot if rules.

 

 

Power of attorney intlo vallaku istav katha bayya... like your father or mother.... Why we need to go and sign in India?

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