NRE vs NRO

[InSearch]

Online lo chala content undi.. but clarity ledu

nenu US lo working and 3 years going back for good..

Do I need NRE or NRO? Please help..

As of now, India SBI savings account undi.. that's it

[Biskot]

LTT

[Biskot]

Jai Balio

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Jai Chirio

[Biskot]

Jai Nagio

[Biskot]

Jai Venkio

[ThinkDifferent]

Naku ekkuva ga telvadu le... Malla check chesuko nuvu kuda...

NRE - acct lo vunna money ki nuvvu INDIA lo tax and lekkalu chupinchalsina pani ledu... already tax pay chesina money.... Nuvvu india lo edaina ammi vachina money NRE lo veyyalevu... Only from outsource...

NRO - indulo ki vese deposits anni lekka chupinchali.... Nuvvu india lo edaina ammi vachina money ee acct lone veyyagalavu... and tax returns lo chupinchali...

 

Money transfer from NRE - to - NRO... ala cheste... NRO cards to be used only in INDIA... NRE cards aithe direct ga INDIA lo local card laga vadochu... or USA /any other country lo kuda vadochu....

 

You can't trasnfer from NRO to NRE... 

[ThinkDifferent]

Simple ga aithe, NRE acct ante, nee USA acct INDIA lo vadukuntavu...

NRO acct.. INDIA local acct

[Hitman]

13 minutes ago, InSearch said:

Online lo chala content undi.. but clarity ledu

nenu US lo working and 3 years going back for good.. mari ippudu ee accounts enduku? 

Do I need NRE or NRO? Please help..

As of now, India SBI savings account undi.. that's it

 

[Amrita]

NRE is best. I have the same in HDFC . India vellaka you can transfer to savings account. Paisal mida mundu india lo tax kattakarledu. 

[xxxmen]

Choose NRE accounts if you:

• (Primary reason) want to park your overseas earnings remitted to India converted to Indian Rupees; 
• want to maintain savings in Rupee but keep them liquid; 
• want to make a joint account with another NRI; 
• want Rupee savings to be freely repatriable

Choose NRO account if you:

• (Primary reason) want to park India based earnings in Rupees in India; 
• want account to deposit income earned  in India such as rent, dividends etc; 
• want to open account with resident Indian (close relative)

[InSearch]

3 minutes ago, xxxmen said:

Choose NRE accounts if you:

• (Primary reason) want to park your overseas earnings remitted to India converted to Indian Rupees; 
• want to maintain savings in Rupee but keep them liquid; 
• want to make a joint account with another NRI; 
• want Rupee savings to be freely repatriable

Choose NRO account if you:

• (Primary reason) want to park India based earnings in Rupees in India; 
• want account to deposit income earned  in India such as rent, dividends etc; 
• want to open account with resident Indian (close relative)

bayya edo parking ani edo annav:)

[InSearch]

6 minutes ago, Amrita said:

NRE is best. I have the same in HDFC . India vellaka you can transfer to savings account. Paisal mida mundu india lo tax kattakarledu. 

Can you use this account for expenses in India? say that you are visitng India and wants to buy a fridge for your mom, can you do that with NRE debit card (?) 

[Amrita]

1 minute ago, InSearch said:

Can you use this account for expenses in India? say that you are visitng India and wants to buy a fridge for your mom, can you do that with NRE debit card (?) 

Yeah they give you international debit card which will be shipped to US address. I use it all the time in India and also for online banking/ online shopping. 

[InSearch]

Just now, Amrita said:

Yeah they give you international debit card. I use it all the time in India and also for online banking/ online shopping. 

Fantastic and the OTP nonsense em leduga.. like India number ae undali..etc