NRE - NRO

[tucker]

NRE/NRO which is better? in which bank?

need withdrawal/deposit option both in India & USA?

 

plz suggst...

[krishnote3]

NRE account is basically to deposit $ from US. Interest earn is non taxable as long as you maintain NRI status.

NRO account is for NRI's income earned in india can be deposited. I think this gives you fair idea and you can buzz bank customer care to knw more.

 

[micxas]

58 minutes ago, tucker said:

NRE/NRO which is better? in which bank?

need withdrawal/deposit option both in India & USA?

 

plz suggst...

NRO suits your requirement. you cannot deposit money into NRE account in India.

[krishnote3]

1 minute ago, micxas said:

NRO suits your requirement. you cannot deposit money into NRE account in India.

yup..agreed.

[Merabharathmahan]

Public sector govt. banks di customer service worst. They don't respond to emails or calls. Private big banks are best for NRIs because customer care since we live in usa and we expect the things to be done by phone and emails. HDFC baguntadani vinna. 

 

NRO account ki india nundi evarina deposit cheyyochu and usa nundi nuvvu kooda send cheyyochu - 30% Tax TDS cut avutadi india lo interest paisala meeda.

NRE account ki only usa nunde dabbulu send cheyyochu and u can transfer back to usa - India lo Tax undadu interest meeda but usa lo kattali. 

[infoseeker786]

43 minutes ago, Merabharathmahan said:

Public sector govt. banks di customer service worst. They don't respond to emails or calls. Private big banks are best for NRIs because customer care since we live in usa and we expect the things to be done by phone and emails. HDFC baguntadani vinna. 

 

NRO account ki india nundi evarina deposit cheyyochu and usa nundi nuvvu kooda send cheyyochu - 30% Tax TDS cut avutadi india lo interest paisala meeda.

NRE account ki only usa nunde dabbulu send cheyyochu and u can transfer back to usa - India lo Tax undadu interest meeda but usa lo kattali. 

 

43 minutes ago, Merabharathmahan said:

Public sector govt. banks di customer service worst. They don't respond to emails or calls. Private big banks are best for NRIs because customer care since we live in usa and we expect the things to be done by phone and emails. HDFC baguntadani vinna. 

 

NRO account ki india nundi evarina deposit cheyyochu and usa nundi nuvvu kooda send cheyyochu - 30% Tax TDS cut avutadi india lo interest paisala meeda.

NRE account ki only usa nunde dabbulu send cheyyochu and u can transfer back to usa - India lo Tax undadu interest meeda but usa lo kattali. 

Hi Bro,NRE account lo fixed deposit cheste vache interest meda tax katte avasaram ledha in India or US?Incase in future I want to transfer back the principal+interest in NRE back to US, should i be paying taxes in US?Will there be any issues with IRS if I get back the money in $ from India to US?

[Merabharathmahan]

13 minutes ago, infoseeker786 said:

 

Hi Bro,NRE account lo fixed deposit cheste vache interest meda tax katte avasaram ledha in India or US?Incase in future I want to transfer back the principal+interest in NRE back to US, should i be paying taxes in US?Will there be any issues with IRS if I get back the money in $ from India to US?

Future lo US ki repatriate chesukuntanu NRE account nundi anukunte definite ga Interest amount meeda USA lo Tax kattu like 1099-INT form but indian banks won't give 1099 form right so just mention approximate interest amount and pay tax in usa. India lo emi pay cheyyalsina avasaram ledu NRE account interest amount ki. Next year nundi kattu, forget about Past    

 

[vankay bomb]

I have NRE and i can't deposit in India.

[Bhai]

endho ee godava

[tucker]

HDFC, ICICI, Axis, SBI which is better?

[AryaD]

I am planning to convert my savings account into NRO. Do I need to pay any penalty for delaying the conversion ? I have been living in us since 5 years 

[macha]

NRE u can only deposit $ and don't have to pay taxes on interest u earn nro you can deposit both but pay taxes in india and should show it here also ... withdrawals are same as any bank account for both ... HDFC 5 days lo open chesinadu and online banking is very easy compare to SBI 

[ManchiDonga]

i have both accounts with icici..... 

nre lo anni money pettuko...

nro lo only mimiumum balance maintain chei.... avasaram ainappudu use chesuko... endukante, andulo ochina interest ki tax cut aithadi...

[infoseeker786]

6 minutes ago, ManchiDonga said:

i have both accounts with icici..... 

nre lo anni money pettuko...

nro lo only mimiumum balance maintain chei.... avasaram ainappudu use chesuko... endukante, andulo ochina interest ki tax cut aithadi...

 

48 minutes ago, macha said:

NRE u can only deposit $ and don't have to pay taxes on interest u earn nro you can deposit both but pay taxes in india and should show it here also ... withdrawals are same as any bank account for both ... HDFC 5 days lo open chesinadu and online banking is very easy compare to SBI 

dollars withdraw chesukoni can we get it back to US bank account easily from NRE account?I mean can we withdraw frequently without any issues.can we use NRE account just like another US account for withdrawls?

[ManchiDonga]

you can withdraw....but charges and limits untai...

US la banks la chesthe... transfer rate takkuva vestadu... that means u get less dollars. (less tha 1 rupee) plus transaction charges.

india la aithe.. no charges.