Us lo fixed deposit

[Merabharathmahan]

13 minutes ago, AlaElaAlaEla said:

When you send dollars to India, you convert it into rupees. The interest you earn is on the rupee. .

Based on historical data, over a period of time, for the same rupee, you get fewer dollars.

on 4 Jan 2014, the price of a dollar was Rs 45.351. On 27 May 2018, the same dollar will require Rs 67.435 to buy back. This means that $10,000 you sent home is now worth only $6,725 (assuming no growth). That’s currency value fluctuation acting against you.

My hypothetical analysis of the above scenario results in a profit of $3,495 on an initial investment of $10,000 over 14 years. However, this could vary wildly based on RBI rate changes, currency rate change, and other factors both in India and US.

For the geeks among you, refer to the concept of “Interest Rate Parity” to learn more about why interest rate differences do not matter.

Considering the marginally low potential to earn a profit, and the associated tax filing complexities, you are better off investing in the US.

You are 200% correct. India lo NRE account lo FD chesi malli future lo usa ki techukunte thakkuva dollars vastay. on top of this FBAR file cheyali every year if balance > $10k & FATCA 8938 of balance > $50k.  NRE accounts thala noppi. 

From 2012 to now dollar rate perugutune vastundi. India ki send chesi invest chese badulu india ki permanent ga return velletappudu motham okesari transfer chesukunte full rupees vastay. 

[user789]

11 minutes ago, AlaElaAlaEla said:

When you send dollars to India, you convert it into rupees. The interest you earn is on the rupee. .

Based on historical data, over a period of time, for the same rupee, you get fewer dollars.

on 4 Jan 2014, the price of a dollar was Rs 45.351. On 27 May 2018, the same dollar will require Rs 67.435 to buy back. This means that $10,000 you sent home is now worth only $6,725 (assuming no growth). That’s currency value fluctuation acting against you.

My hypothetical analysis of the above scenario results in a profit of $3,495 on an initial investment of $10,000 over 14 years. However, this could vary wildly based on RBI rate changes, currency rate change, and other factors both in India and US.

For the geeks among you, refer to the concept of “Interest Rate Parity” to learn more about why interest rate differences do not matter.

Considering the marginally low potential to earn a profit, and the associated tax filing complexities, you are better off investing in the US.

agree to certain extent.

[user789]

1 hour ago, jua_java said:

E concept vundha ?? If so interest entha istadu ! 

hsbc 2.5 and 2.75. we get some $ when you open debit acct. lmk i can refer you.

[Merabharathmahan]

44 minutes ago, jua_java said:

Okka 20k month on month chesukovacha ! Like nt sure when ill need it so have to be ready to pull it out in quick time

In this case High yield savings account in Credit unions best. 1.98% untadi. Call or google all local credit union banks and ask for high yield savings accounts. 

[kushi_]

Fcnr fixed deposit account gurunchi evarikaina thelsa ? 

[Merabharathmahan]

2 minutes ago, kushi_ said:

Fcnr fixed deposit account gurunchi evarikaina thelsa ? 

Dani badulu usa lone CD or high yield savings credit union account lo pettadam better.  FATCA filing cheyali every year if vere country bank lo dabbulu >$50k unte

[AlaElaAlaEla]

13 minutes ago, kushi_ said:

Fcnr fixed deposit account gurunchi evarikaina thelsa ? 

thats even better, because your money is completely in USD. No transfer rate fluctuations.

I already posted a thread on this. 

 

[Prince_Fan]

 

[Paidithalli]

4 minutes ago, Prince_Fan said:

 

Chinnu eesari NYC ki MB vosthe kalise chance ippisthava nee influence tho 

[Prince_Fan]

2 minutes ago, Paidithalli said:

Chinnu eesari NYC ki MB vosthe kalise chance ippisthava nee influence tho 

lyt chinnu.. just movie lo chudatam varake interest.  Bayata kalavataniki chance vacchina kalavanu...and ninnu kuda kalavaniyyanu

[jua_java]

59 minutes ago, AlaElaAlaEla said:

When you send dollars to India, you convert it into rupees. The interest you earn is on the rupee. .

Based on historical data, over a period of time, for the same rupee, you get fewer dollars.

on 4 Jan 2014, the price of a dollar was Rs 45.351. On 27 May 2018, the same dollar will require Rs 67.435 to buy back. This means that $10,000 you sent home is now worth only $6,725 (assuming no growth). That’s currency value fluctuation acting against you.

My hypothetical analysis of the above scenario results in a profit of $3,495 on an initial investment of $10,000 over 14 years. However, this could vary wildly based on RBI rate changes, currency rate change, and other factors both in India and US.

For the geeks among you, refer to the concept of “Interest Rate Parity” to learn more about why interest rate differences do not matter.

Considering the marginally low potential to earn a profit, and the associated tax filing complexities, you are better off investing in the US.

bro...too much details cannot process it so fast.. Okka question 10k $ ki 2% interest evadaina istada ante month on month 200$ vastada and can i pull it back anytime ?? wht are the holes here .

[tacobell fan]

1 hour ago, AlaElaAlaEla said:

on 4 Jan 2014, the price of a dollar was Rs 45.351. On 27 May 2018, the same dollar will require Rs 67.435 to buy back. This means that $10,000 you sent home is now worth only $6,725 (assuming no growth). That’s currency value fluctuation acting against you.

My hypothetical analysis of the above scenario results in a profit of $3,495 on an initial investment of $10,000 over 14 years. 

IMO this is no brainer analysis to send 6 lakhs and FD for 14 years for a 2 lakh return. Chit Funds lo you can make more money in those 14 years for 6 lakhs of initial investment. When people talk about investing or FD they only talk about high returns with no proper thoughts on how much and what is the rate of return that practically works. For. 6 lakh chit fund if you don’t want money if you wait until end of each term it gives you 80k rupees meaning you can get away with 5 lakh 20 thousand instead investing all 6 lakhs and reinvest that again. But this is a risk to take. Without risk there is no money. 

[Anushri]

1 hour ago, AlaElaAlaEla said:

When you send dollars to India, you convert it into rupees. The interest you earn is on the rupee. .

Based on historical data, over a period of time, for the same rupee, you get fewer dollars.

on 4 Jan 2014, the price of a dollar was Rs 45.351. On 27 May 2018, the same dollar will require Rs 67.435 to buy back. This means that $10,000 you sent home is now worth only $6,725 (assuming no growth). That’s currency value fluctuation acting against you.

My hypothetical analysis of the above scenario results in a profit of $3,495 on an initial investment of $10,000 over 14 years. However, this could vary wildly based on RBI rate changes, currency rate change, and other factors both in India and US.

For the geeks among you, refer to the concept of “Interest Rate Parity” to learn more about why interest rate differences do not matter.

Considering the marginally low potential to earn a profit, and the associated tax filing complexities, you are better off investing in the US.

[phatposts]

47 minutes ago, jua_java said:

bro...too much details cannot process it so fast.. Okka question 10k $ ki 2% interest evadaina istada ante month on month 200$ vastada and can i pull it back anytime ?? wht are the holes here .

banks' (india and us) APR is yearly not monthly. 2% interest yearly ki babu, monthly kaadu. 

nuvvui cheptunna math - 24% interest (rendu roopayala vaddi) 

[phatposts]

1 hour ago, AlaElaAlaEla said:

When you send dollars to India, you convert it into rupees. The interest you earn is on the rupee. .

Based on historical data, over a period of time, for the same rupee, you get fewer dollars.

on 4 Jan 2014, the price of a dollar was Rs 45.351. On 27 May 2018, the same dollar will require Rs 67.435 to buy back. This means that $10,000 you sent home is now worth only $6,725 (assuming no growth). That’s currency value fluctuation acting against you.

My hypothetical analysis of the above scenario results in a profit of $3,495 on an initial investment of $10,000 over 14 years. However, this could vary wildly based on RBI rate changes, currency rate change, and other factors both in India and US.

For the geeks among you, refer to the concept of “Interest Rate Parity” to learn more about why interest rate differences do not matter.

Considering the marginally low potential to earn a profit, and the associated tax filing complexities, you are better off investing in the US.

I very much agree with this. Money US ki venakki techukomu but em cheyyalo telidu for the time being ante - India lo FD may make sense. Malli US ki venakki techukone avasaram ematram unna kooda, you should never send that to India.