FCNR vs FD in India

[cup_saucer]

manam ikkada $s lo invest chesi can we take check on nominee name in india when premium time is up?

and if above thing isnt possible ikkade check theesukoni... india pampinchochu kada as we do

ROI chusthe ila invest chesi  money ohcaka send cheyatam better when added interest and dollar exchange rate

or ipude india pampesi... parents(age <55) peru paina invest chesthe better interst aa?

 

pls put in whatever u know aboutFCNR and FDs in India d irrespective of above question

[mastercheif]

i need a transalator for title 

[cup_saucer]

FCNR vs FD

[idibezwada]

1 minute ago, cup_saucer said:

FCNR vs FD

daniki edo secret agent code name laga aa title endi nmkm manda

[mastercheif]

2 minutes ago, cup_saucer said:

FCNR vs FD

yemiti avi ? 

[cup_saucer]

2 minutes ago, idibezwada said:

daniki edo secret agent code name laga aa title endi nmkm manda

andhrafriends language adi... like hyderabadi language... chatiing language... secret sller language laga... lol..

[idibezwada]

19 minutes ago, cup_saucer said:

andhrafriends language adi... like hyderabadi language... chatiing language... secret sller language laga... lol..

nee bokka...titile 3-4 times chadivi ardam kavatledu ani lite teskunna..

[budamkayabalraj]

LTT

[cup_saucer]

1 hour ago, idibezwada said:

nee bokka...titile 3-4 times chadivi ardam kavatledu ani lite teskunna..

you can read now... go ahead and give us your inputs

[Android_Halwa]

FCNR...It depends on your need and situation. If you don't have any plans to go back to India neither invest in India and plan to get that money back, in such scenario FCNR would be the best option as FD is operated with in the Indian boundaries only and transferring the money from India to abroad might be a challenge and subject to taxes in either India or abroad. 

It offers flexibility. Although interest rates might be lower and FCNR interest earned is subjected to taxes in resident country, It can be better thought as a rainy day cash growing at a slower pace. 

 

[idibezwada]

1 hour ago, cup_saucer said:

you can read now... go ahead and give us your inputs

ippudu kochen chusaka telsindi but i dnt have any inputs..

[manchivaadu]

31 minutes ago, Android_Halwa said:

FCNR...It depends on your need and situation. If you don't have any plans to go back to India neither invest in India and plan to get that money back, in such scenario FCNR would be the best option as FD is operated with in the Indian boundaries only and transferring the money from India to abroad might be a challenge and subject to taxes in either India or abroad. 

It offers flexibility. Although interest rates might be lower and FCNR interest earned is subjected to taxes in resident country, It can be better thought as a rainy day cash growing at a slower pace. 

 

interest income earned from FCNR account is exempt from tax 

[cup_saucer]

18 minutes ago, manchivaadu said:

interest income earned from FCNR account is exempt from tax 

exempt from tax in india is written in bold in bank websites but hiding about tax in country where investment came from... but ppl are saying they are subject to taxable in resident country ani... 

[YeddiBK]

1 hour ago, Android_Halwa said:

FCNR...It depends on your need and situation. If you don't have any plans to go back to India neither invest in India and plan to get that money back, in such scenario FCNR would be the best option as FD is operated with in the Indian boundaries only and transferring the money from India to abroad might be a challenge and subject to taxes in either India or abroad. 

It offers flexibility. Although interest rates might be lower and FCNR interest earned is subjected to taxes in resident country, It can be better thought as a rainy day cash growing at a slower pace. 

 

Bro, even FD for NRE accts repatriable kada ee FCNR enduku? what is the difference between FCNR and NRE FD ?

[manchivaadu]

1 minute ago, YeddiBK said:

Bro, even FD for NRE accts repatriable kada ee FCNR enduku? what is the difference between FCNR and NRE FD ?

difference endi ante

FCNR deposits in $$

NRE FD in INR 

adi sangathi