NRE or NRO

[TampaBangaram]

Ae account better manaki ? ... nro taxable and nre non taxable ani vinnanu but most of our colleagues are going with nro... reason ardam avvatledu...

konchem salahalu andivvandi... 

[Kumaravarma]

4 minutes ago, TampaBangaram said:

Ae account better manaki ? ... nro taxable and nre non taxable ani vinnanu but most of our colleagues are going with nro... reason ardam avvatledu...

konchem salahalu andivvandi... 

NRE is non resident rupee account for the money you earn overseas in Canada, Vomerica .

NRO is non resident ordinary rupee account for the amount you earn in India. 

[Merabharathmahan]

Rendu open chey same bank lo with same set of documents. minimum balance maintain chey okadantlo, inko dantlo ekkuva pettuko saripotadi. Rendu accounts avasarame  

NRO - india lo vache paisal like any income from india or evaranna india lo deposit cheyyadaniki idi. Foreign countries nundi kooda transfer chesukovachu induloki  

NRE- indulo only foreign countries (like usa, uk...) nundi send chese amount matrame deposit avutundi rupees lo convert ayyi. India nundi assalu deposit cheyaleru indulo but u can withdraw in india or transfer it to other indian based accounts. Deposit matram one way. 

 

[JAMBALHOT_RAJA]

9 minutes ago, Merabharathmahan said:

Rendu open chey same bank lo with same set of documents. minimum balance maintain chey okadantlo, inko dantlo ekkuva pettuko saripotadi. Rendu accounts avasarame  

NRO - india lo vache paisal like any income from india or evaranna india lo deposit cheyyadaniki idi. Foreign countries nundi kooda transfer chesukovachu induloki  

NRE- indulo only foreign countries (like usa, uk...) nundi send chese amount matrame deposit avutundi rupees lo convert ayyi. India nundi assalu deposit cheyaleru indulo but u can withdraw in india or transfer it to other indian based accounts. Deposit matram one way. 

 

Good info bro 

[TampaBangaram]

2 hours ago, Merabharathmahan said:

Rendu open chey same bank lo with same set of documents. minimum balance maintain chey okadantlo, inko dantlo ekkuva pettuko saripotadi. Rendu accounts avasarame  

NRO - india lo vache paisal like any income from india or evaranna india lo deposit cheyyadaniki idi. Foreign countries nundi kooda transfer chesukovachu induloki  

NRE- indulo only foreign countries (like usa, uk...) nundi send chese amount matrame deposit avutundi rupees lo convert ayyi. India nundi assalu deposit cheyaleru indulo but u can withdraw in india or transfer it to other indian based accounts. Deposit matram one way. 

 

Thank you 😊