badexample Posted November 6, 2014 Report Posted November 6, 2014 Guys - Im trying to identify a good bank to open an NRE/NRO account. Better benefits endulo unnai anedi evarikaina teliste cheppandi please.
Hitman Posted November 6, 2014 Report Posted November 6, 2014 monna chittinaidu vesadu ga search cheyyi.. NRE - U cant operate from India, You dont have to pay taxes in India. If you are in USA, U pay taxes to interest earned. if u deposit money in NRE u get better interest rates. NRO - U can operate in India and you pay taxes.
just2deal Posted November 6, 2014 Report Posted November 6, 2014 Guys - Im trying to identify a good bank to open an NRE/NRO account. Better benefits endulo unnai anedi evarikaina teliste cheppandi please. ICICI bank or HDFC Bank will be good if you prefer online access/banking and best customer service NRE account is for sending and saving/depositing money in India .It is completely tax free..but you can not deposit money to this account in India..You can remit back[send back] funds in this account to the county of origin where as NRO account can be used for depositing money into your account India..however the interest earned is NOT tax free and you can not remit back funds best suitable if you have any income(like rents) in India and want to deposit in the account from India
badexample Posted November 6, 2014 Author Report Posted November 6, 2014 Very good information bros.. Edaina sign up bonus lantivi undedi teliste cheppandi.. I have about 30k here I want to transfer to India to buy something.. NRE aithe better anukunna.. And I heard it retains the conversion rate as well kada.. So I can transfer when conversion rate is high and keep it for future expenses in India kada? If my understanding is not right, please let me know.. monna chittinaidu vesadu ga search cheyyi.. NRE - U cant operate from India, You dont have to pay taxes in India. If you are in USA, U pay taxes to interest earned. if u deposit money in NRE u get better interest rates. NRO - U can operate in India and you pay taxes. ICICI bank or HDFC Bank will be good if you prefer online access/banking and best customer service NRE account is for sending and saving/depositing money in India .It is completely tax free..but you can not deposit money to this account in India..You can remit back[send back] funds in this account to the county of origin where as NRO account can be used for depositing money into your account India..however the interest earned is NOT tax free and you can not remit back funds best suitable if you have any income(like rents) in India and want to deposit in the account from India
just2deal Posted November 6, 2014 Report Posted November 6, 2014 Very good information bros.. Edaina sign up bonus lantivi undedi teliste cheppandi.. I have about 30k here I want to transfer to India to buy something.. NRE aithe better anukunna.. And I heard it retains the conversion rate as well kada.. So I can transfer when conversion rate is high and keep it for future expenses in India kada? If my understanding is not right, please let me know.. conversion rates are same..
pjung88 Posted November 7, 2014 Report Posted November 7, 2014 Very good information bros.. Edaina sign up bonus lantivi undedi teliste cheppandi.. I have about 30k here I want to transfer to India to buy something.. NRE aithe better anukunna.. And I heard it retains the conversion rate as well kada.. So I can transfer when conversion rate is high and keep it for future expenses in India kada? If my understanding is not right, please let me know.. Retain the conversion rate ante emiti nee point??
badexample Posted November 7, 2014 Author Report Posted November 7, 2014 Ante nenu transfer chesinappati rate alage untadi kada aa NRE account lo.. Say the conversion rate today is 60 and I transferred to that account and kept it, tomorrow even if the rate goes to 55, they dont apply that conversion to my already transferred money kada.. and I can get the money back anytime I want to my foreign account anyway.. so I believe its better to transfer money to our NRE account and keep it there when the conversion rate is good. Retain the conversion rate ante emiti nee point??
just2deal Posted November 7, 2014 Report Posted November 7, 2014 Ante nenu transfer chesinappati rate alage untadi kada aa NRE account lo.. Say the conversion rate today is 60 and I transferred to that account and kept it, tomorrow even if the rate goes to 55, they dont apply that conversion to my already transferred money kada.. and I can get the money back anytime I want to my foreign account anyway.. so I believe its better to transfer money to our NRE account and keep it there when the conversion rate is good. conversion rate hasnothing to do withaccount type..it depends on the money transfer service..if you opt for locked in rates,the conversion rate will be not change even if $ value goes up or down ,if don't opt for locked in rate,the conversion rate will depend on the $ rate on teh day it is deposited in your account
pjung88 Posted November 7, 2014 Report Posted November 7, 2014 conversion rate hasnothing to do withaccount type..it depends on the money transfer service..if you opt for locked in rates,the conversion rate will be not change even if $ value goes up or down ,if don't opt for locked in rate,the conversion rate will depend on the $ rate on teh day it is deposited in your account +1
DaleSteyn1 Posted November 7, 2014 Report Posted November 7, 2014 ICICI nre act undhi 4 yrs nunchi ,i liked it
DaleSteyn1 Posted November 7, 2014 Report Posted November 7, 2014 adv u can do money fix deposit online from icici nre act anni banks lo unnayo ledho e feature telvadhu
kaburlu Posted November 7, 2014 Report Posted November 7, 2014 sbi nre account undi. i can do fixeddeposit online as well..
pjung88 Posted November 7, 2014 Report Posted November 7, 2014 Ante nenu transfer chesinappati rate alage untadi kada aa NRE account lo.. Say the conversion rate today is 60 and I transferred to that account and kept it, tomorrow even if the rate goes to 55, they dont apply that conversion to my already transferred money kada.. and I can get the money back anytime I want to my foreign account anyway.. so I believe its better to transfer money to our NRE account and keep it there when the conversion rate is good. Justdeal cheppindhi correct..most providers have locked in prices which means they will give you conversion rate prevailed at the time of transfer.. The biggest advantage in NRE account is the amount is repartiable..taxes antava..you pay in usa not in india,so, it evens out.... Mostly 9 % percent untundhi interest and miminum one year unchali...
.thumb.jpg.ce42bb16ec102475a78c2087ce269c7d.jpg)
Recommended Posts