Pirate_of_hearts Posted October 1, 2020 Report Share Posted October 1, 2020 Renditiki pros and cons enti? i am sending money to invest in india, oka 5-6 years tarvata if i want to get the money back to US, eh account vadatam valla issues undavu like tax cuts and all pls help Quote Link to comment Share on other sites More sharing options...
Pitta Posted October 1, 2020 Report Share Posted October 1, 2020 telidu 1 Quote Link to comment Share on other sites More sharing options...
Peddayana Posted October 1, 2020 Report Share Posted October 1, 2020 NRE - to store Foreign earnings , Interest tax high NRO - to store Indian earnings Quote Link to comment Share on other sites More sharing options...
dasari4kntr Posted October 1, 2020 Report Share Posted October 1, 2020 Nre lo only dollars transfer chestavu... nro lo both rupees and dollars... Quote Link to comment Share on other sites More sharing options...
keviinusa Posted October 1, 2020 Report Share Posted October 1, 2020 NRE- Non resident external-- no tax on interest earned, repatriation of funds easy like dollar to rupee or rupee to dollar NRO- is Non Resident Ordinary like normal bank account like a savings account but for NRIs 1 Quote Link to comment Share on other sites More sharing options...
ShruteSastry Posted October 1, 2020 Report Share Posted October 1, 2020 idhe oopulo, ye bank lu better kuda cheppandi. Quote Link to comment Share on other sites More sharing options...
Sonu_Patel Posted October 1, 2020 Report Share Posted October 1, 2020 Epudaina india velinapudu karchupetadaniki .. Which one is better ? NRE or NRO Quote Link to comment Share on other sites More sharing options...
SNaiduBack Posted October 1, 2020 Report Share Posted October 1, 2020 10 hours ago, Pirate_of_hearts said: Renditiki pros and cons enti? i am sending money to invest in india, oka 5-6 years tarvata if i want to get the money back to US, eh account vadatam valla issues undavu like tax cuts and all pls help Both waste buffalo🐃 Quote Link to comment Share on other sites More sharing options...
Pirate_of_hearts Posted October 2, 2020 Author Report Share Posted October 2, 2020 Ipudu india ki money pampi ah money tho property koni oka 5 years ayaka ah property ammi vachina money malli vapas us teskuni ravali ante edi best option with least amount of taxes Quote Link to comment Share on other sites More sharing options...
dasari4kntr Posted October 2, 2020 Report Share Posted October 2, 2020 6 hours ago, ShruteSastry said: idhe oopulo, ye bank lu better kuda cheppandi. I have hdfc nro account...I am not concerned about interest..etc so i took that with out much research... but my suggestion/personal experience...if you enter any indian bank for nre or nro account....by the time you finish the filling application, you would be introduced to atleast 2 insurance agents or some bank plans..etc you have to be diplomatic to answer them...otherwise your account creation will be delayed...(your 3 to 4 weeks vacation get distributed..)... and also too much paper work... 1 Quote Link to comment Share on other sites More sharing options...
Gowtham7777 Posted October 2, 2020 Report Share Posted October 2, 2020 what is the best way to move money to India if u have 6 digits in your account.. will these accounts will help ? Quote Link to comment Share on other sites More sharing options...
LFC_YNWA Posted October 2, 2020 Report Share Posted October 2, 2020 8 hours ago, ShruteSastry said: idhe oopulo, ye bank lu better kuda cheppandi. ICICI or HDFC. HDFC is a little bit delayed and tedious application process. I would recommend ICICI very fast and entirely online easy application process and better mobile App. Similar docs required and DHL pick will be arranged by both banks. Quote Link to comment Share on other sites More sharing options...
LFC_YNWA Posted October 2, 2020 Report Share Posted October 2, 2020 1 hour ago, Gowtham7777 said: what is the best way to move money to India if u have 6 digits in your account.. will these accounts will help ? Transfer to NRE account and it will not liable to any Indian income taxes, as you you would have already paid taxes on your 6 digits balance in your US bank account. Quote Link to comment Share on other sites More sharing options...
siva604 Posted October 2, 2020 Report Share Posted October 2, 2020 2 hours ago, dasari4kntr said: I have hdfc nro account...I am not concerned about interest..etc so i took that with out much research... but my suggestion/personal experience...if you enter any indian bank for nre or nro account....by the time you finish the filling application, you would be introduced to atleast 2 insurance agents or some bank plans..etc you have to be diplomatic to answer them...otherwise your account creation will be delayed...(your 3 to 4 weeks vacation get distributed..)... and also too much paper work... Hi bro, Do you have any checklist of documents with you? I am in touch with HDFC rep who has no clue about those documents. I am planning on NRO account and home loan process. Appreciate your help. I am planning on sending PP copy, driver license copy,utility bill copy, NRO application, credit report, POA document, pay slip copies , bank statement copies. Thanks, Siva. Quote Link to comment Share on other sites More sharing options...
dasari4kntr Posted October 2, 2020 Report Share Posted October 2, 2020 2 minutes ago, siva604 said: Hi bro, Do you have any checklist of documents with you? I am in touch with HDFC rep who has no clue about those documents. I am planning on NRO account and home loan process. Appreciate your help. I am planning on sending PP copy, driver license copy,utility bill copy, NRO application, credit report, POA document, pay slip copies , bank statement copies. Thanks, Siva. Nenu kooda ive ichaanu... Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.