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Posted

Mogambo, on 09 Jul 2014 - 4:47 PM, said:snapback.png

Naku Andhra Bank lo savings account vundhi. NRE/NRO kadu...andulo interest vosthundhi 6months ki..adhi kuda declare cheyala?

Bhayya..nenu kuda ee madhya evi anni research chesa..so konni tappulu undha vachu..so do some research on turbo tax or check with tax consultant.. but naaku telisina daani batti..

Yes, you have to declare it in your taxes. Also, if you are based outside india, you cannot have resident savings acct in india but only NRO/NRE acct. I guess nee case lo account was opened before you came to usa and never got switched to NRO. I suppose, if you talk to your bank and plan to open an NRE FD acct, they will first have to switch your resident account to NRO acct and then add NRE.

 

Bhayya...Andhra Bank account 1990 lo maa parents naa peru meeda open chesaru...alane continue avutundhi..

Posted

So bayyas....india lo parents name.medha account cheyaniii...

US ninchi nre/nro acount open chesinadaniki..

Ronditko denimedha manam ekuva miney gain cheyachu...single shot evadauna chepandii....

  • 3 weeks later...
Posted

Fixed deposit is nice place to invest and If you want to invest don't forget to compare different banks Fixed Deposit Interest Rates@ BankBazaar Fixed Deposit Rates Page, Before investing in it.

Posted

mee parents 60+ ite valla peru meeda veyyinchu...prbably nominee neku vacchetattu...usually 1% extra vastundi than regular 8%

Posted

So bayyas....india lo parents name.medha account cheyaniii...

US ninchi nre/nro acount open chesinadaniki..

Ronditko denimedha manam ekuva miney gain cheyachu...single shot evadauna chepandii....

DB prajalu ekkuva mandi em chepparu ante FD aithe parents name medha indian post office or any banks lo chesthe best ani. mana NRE/NRO account lo veyadam kante.

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