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How to bring (repatriate) money from ...

Chalanachithram.com DB » New TF Industry Related » Archive through April 11, 2015 » How to bring (repatriate) money from India to US « Previous Next »

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Rachamega
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Username: Rachamega

Post Number: 1020
Registered: 01-2015
Posted From: 104.189.156.240

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Posted on Thursday, April 09, 2015 - 11:52 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wellsfargo:

Then my answer will be "nenu ivvanu. emi peekkuntavo peekko. I will say the same to the police in US"




ninnu peekataniki kaapulu chowdaru lu enduku raa anedi naa answer
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Wellsfargo
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Username: Wellsfargo

Post Number: 3198
Registered: 06-2012
Posted From: 183.83.43.158

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Posted on Thursday, April 09, 2015 - 11:47 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wellsfargo:

Then my answer will be "nenu ivvanu. emi peekkuntavo peekko. I will say the same to the police in US"




My point is you can't do anything if the person carrying the money has malicious intent...
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Wellsfargo
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Post Number: 3197
Registered: 06-2012
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Posted on Thursday, April 09, 2015 - 11:46 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rachamega:

airport cctv camera lo padathadi ga




Then my answer will be "nenu ivvanu. emi peekkuntavo peekko. I will say the same to the police in US"
2+ years of 100% open source software usage...
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Rachamega
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Username: Rachamega

Post Number: 1019
Registered: 01-2015
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Posted on Thursday, April 09, 2015 - 11:36 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wellsfargo:

Naa lantodu abbe naakekkada iccharu antadu...




airport cctv camera lo padathadi ga
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Wellsfargo
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Post Number: 3196
Registered: 06-2012
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Posted on Thursday, April 09, 2015 - 11:35 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rachamega:

light ekke andariki thala oka 10k isthe digaka collect cheuskovachu. easy transfer.




Naa lantodu abbe naakekkada iccharu antadu...
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Rachamega
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Post Number: 1018
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Posted on Thursday, April 09, 2015 - 11:33 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mockingbird:

india trip ki velli venakki vachetappudu oka 10k dollars konukkoni shamsher gaa jebuloo ettukoni ravachu.....husband and wife idharu elthe 10k each jebuloo ettukoni ravachu




flight ekke andariki thala oka 10k isthe digaka collect cheuskovachu. easy transfer.
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Wellsfargo
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Username: Wellsfargo

Post Number: 3195
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Posted on Thursday, April 09, 2015 - 11:33 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

also there is no limit for parents gifting money to children both from US side and India side if the parents are not US residents. You can directly get the money wired. You need RBI approval but it is easily given.
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Mockingbird
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Username: Mockingbird

Post Number: 2010
Registered: 02-2015
Posted From: 162.252.85.172

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Posted on Thursday, April 09, 2015 - 11:30 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Darth_vader:

em bee bee sss ayyaka around 2.5K ante chinna amount how guruji? Ayina antha time eda vuntadi to enjoy? Mercy lo residency candidate use to room with us ayana intlo kante hospital lo ekkuva nights spend chesi vuntaad. Very decent guy groceries share chese vadu even though he hardly consumed them


2k anukoo....don't get me wrong.....i'm not complaining.....not at all....just saying like it is....nenu emii luxury car tholevadni kaadhu, normal apartment loo vundevadni....but because of the above mentioned things, dabbulu sripoyevi kaadhu.....ekkada karchupettam ani choosukunte theleedhu...but pappu bellam type loo ayipoyevi!!
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Wellsfargo
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Post Number: 3194
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Posted on Thursday, April 09, 2015 - 11:29 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Gsn1:

No. My relative worked in US for almost 8 years and left to India for good. But, his family couldn't take it there, so he came back again with the family after 3 years. Now his money is in India and he wants to bring it back.




life is easy here. If he is a US citizen, he can directly go to any bank which transacts foreign exchange and he can ask them to give USD(drafts or TC) and he can carry them to US. There is no issue for such cases for any sum under $1 million.

If he is not a US citizen, he needs to get permission from RBI to repatriate. RBI usually doesn't object if he proves that this money is received from proper sources and the taxes are paid on it. In this case since it is earned money, there will not be any issues.
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Darth_vader
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Post Number: 2439
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Posted on Thursday, April 09, 2015 - 11:21 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mockingbird:

for those who may not know, residency loo jeethalu chala thakkuva vuntaii....shumarugaa 40k emoo ichevallu emoo anukunta...taxes chaalaa pothai anduloo malli....jagrathaga vundevadiki saripothayi....but daily different restaurants ki elthaa, off day roju casino ki pothaa, pubs/bars ki pothaa, release aina english cinema prathidi theater loo choosthaa, manchi battalu esukuntaa...etc...etc...ante saripovu....chala chinna chinna enjoyments koodaa luxury annattu......eee madhya koncham periginiyyi jeethalu ani vinnaa....


em bee bee sss ayyaka around 2.5K ante chinna amount how guruji? Ayina antha time eda vuntadi to enjoy? Mercy lo residency candidate use to room with us ayana intlo kante hospital lo ekkuva nights spend chesi vuntaad. Very decent guy groceries share chese vadu even though he hardly consumed them
Indian cities have their share of problems, but they are also places where you can walk around their shadiest areas at 1 am and be safer than say parts of Chicago, NYC, London, Madrid, Sydney etc...
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Goonda
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Post Number: 24652
Registered: 02-2007
Posted From: 75.66.170.100

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Posted on Thursday, April 09, 2015 - 11:17 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mockingbird:

but daily different restaurants ki elthaa, off day roju casino ki pothaa, pubs/bars ki pothaa, release aina english cinema prathidi theater loo choosthaa, manchi battalu esukuntaa...etc...etc...ante saripovu....chala chinna chinna enjoyments koodaa luxury annattu......eee madhya koncham periginiyyi jeethalu ani vinnaa....


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Mockingbird
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Post Number: 2004
Registered: 02-2015
Posted From: 162.252.85.172

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Posted on Thursday, April 09, 2015 - 11:06 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mockingbird:

but, mana jalsa life style ki jeetham saripoyedhi kaadhu appudu..


for those who may not know, residency loo jeethalu chala thakkuva vuntaii....shumarugaa 40k emoo ichevallu emoo anukunta...taxes chaalaa pothai anduloo malli....jagrathaga vundevadiki saripothayi....but daily different restaurants ki elthaa, off day roju casino ki pothaa, pubs/bars ki pothaa, release aina english cinema prathidi theater loo choosthaa, manchi battalu esukuntaa...etc...etc...ante saripovu....chala chinna chinna enjoyments koodaa luxury annattu......eee madhya koncham periginiyyi jeethalu ani vinnaa....
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Mockingbird
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Post Number: 2003
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Posted on Thursday, April 09, 2015 - 10:47 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vja2va:


Mee level ki


naa level aa.......mee laanti builders mundu entha sir...arbhakulamu...

btw...nenu india nunchi dabbulu thechi chala chala years ayyindhi....eppudooo residency loo vunnappudu kontha theppinchukunna....chala mandi residents vachina dhantloo save chesukune vallu.......but, mana jalsa life style ki jeetham saripoyedhi kaadhu appudu......enti raaa phalana valla abbayi residency loney ikkada edoo konnadu nuvventi ilaa ani rendu thitlu thitti money pampinchevallu.........tharvatha india nunchi eppudu theledhu, itununche pampaa to buy some land, but not 2much......
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Vja2va
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Username: Vja2va

Post Number: 2395
Registered: 11-2014
Posted From: 68.100.236.191

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Posted on Thursday, April 09, 2015 - 10:38 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mockingbird:

uptodate info vundataniki memu emanna kala bazaar naduputhunnama........aaa roju dollara rate entha vunte dhanikante koncham ekkuva theesukuntadu..




Mee level ki update to date info untundi anukunna brother..
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Vja2va
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Post Number: 2394
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Posted on Thursday, April 09, 2015 - 10:36 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Andhrawala:

Vja2va Standard rate
Manam ikkadnunchi psmpinsppudu we get 62 . Thevalsnte say 64
Buy rate and sell rate vuntaayi kathaa




Thanks bro.. Aa 64 iste ikkada valle chalamandi dorukutaru anukunta akkada teesukoni ikkada ivvadaniki... Off course different accounts nunchi 9k each check choopudu oka 4 months lo set cheyochu anukunta..
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Andhrawala
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Username: Andhrawala

Post Number: 39127
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Posted From: 173.95.190.5

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Posted on Thursday, April 09, 2015 - 10:32 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Vja2va

Standard rate

Manam ikkadnunchi psmpinsppudu we get 62 . Thevalsnte say 64

Buy rate and sell rate vuntaayi kathaa
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Vasu
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Post Number: 5154
Registered: 10-2014
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Posted on Thursday, April 09, 2015 - 10:31 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vasu:

SBI odu enable cheyaledu naku.


Correction, just checked. I take back my statement.

They are allowing transfer from NRO to NRE.... I checked my SBI account.
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Mockingbird
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Vja2va:

Ade.. Kaala Bazaar lo enta adutundi ani quochhanning..


uptodate info vundataniki memu emanna kala bazaar naduputhunnama........aaa roju dollara rate entha vunte dhanikante koncham ekkuva theesukuntadu...
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Gsn1
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Posted on Thursday, April 09, 2015 - 10:29 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Thanks for the ideas guys.
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Vja2va
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Post Number: 2393
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Posted on Thursday, April 09, 2015 - 10:28 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Mockingbird:

konedhi bilak market loo....vaadu entha adigithe antha ivvali....meeru manchollu ani mee bandi petrol lekundaa nadavadhu kadhaa....




Ade.. Kaala Bazaar lo enta adutundi ani quochhanning..
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Andhrawala
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Post Number: 39126
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Posted on Thursday, April 09, 2015 - 10:28 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

NRO account basically for depositing rents etc. ee account meedha interest income is taxable


NRIs cant have standard banking account

NRE account maintained in rupees by conversion of forrign currency st prevsing xchsnge rate
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Vasu
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Posted on Thursday, April 09, 2015 - 10:27 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rajusk:

with RBI permission you can transfer from NRO to NRE. ..recently rule vachindi


SBI odu enable cheyaledu naku.

Simple rule for that is, NRE always requires money to be deposited in foreign currency ONLY. In such case how can you move money from NRO (INR) to NRE?
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Mockingbird
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Posted on Thursday, April 09, 2015 - 10:26 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vja2va:

Dollar rate enta padatadi India lo?


konedhi bilak market loo....vaadu entha adigithe antha ivvali....meeru manchollu ani mee bandi petrol lekundaa nadavadhu kadhaa....
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Mockingbird
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Posted on Thursday, April 09, 2015 - 10:25 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

btw...college going kids vunte, india nunchi grand parents valla college education ki dabbulu ampochu anukunta....for fees, boarding..etc..etc...
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Vja2va
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Rajusk:

with RBI permission you can transfer from NRO to NRE.




Rate ela padutundi brother?


Mockingbird:

india trip ki velli venakki vachetappudu oka 10k dollars konukkoni shamsher gaa jebuloo ettukoni ravachu.



Dollar rate enta padatadi India lo?
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Rajusk
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Post Number: 36615
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Posted on Thursday, April 09, 2015 - 10:23 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vasu:

NRE always require foreign currency as deposits and will be converted into Indian Rupees.
In NRO, only Indian Rupees can be deposited


with RBI permission you can transfer from NRO to NRE. ..recently rule vachindi
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Vja2va
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Posted on Thursday, April 09, 2015 - 10:23 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Manchi diamonds sets India lo koni 100k vi ikkadaki teste Jodha madam garu anni kontaru..
Problem solved..
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Mockingbird
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Posted on Thursday, April 09, 2015 - 10:19 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

oka million$ thevali ante various routes loo koncham kashtapadali kaani 100k pedha vishayam kakapovachu
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Mockingbird
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Posted on Thursday, April 09, 2015 - 10:18 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

india trip ki velli venakki vachetappudu oka 10k dollars konukkoni shamsher gaa jebuloo ettukoni ravachu.....husband and wife idharu elthe 10k each jebuloo ettukoni ravachu....amlika citizen kakapothe little bit amount travellers checks koodaa theesukovachu (anukunta) and u can deposit them.....kontha gold koni thechukuni ikkada ammi cash chesukovachu anukunta....chinna chinna amounts friends ki india lo ichi ikkada theesukovachu, but oke saari pedha amount aithe risk.... ilantivi inkaa chaalaa vunnai, annii ikkada cheppalem.....inka motham white aithe, direct gane thechukovachu, but paperwork baane vuntundi ani vinnanu...gawd bless
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Vasu
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Posted on Thursday, April 09, 2015 - 10:09 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Rgb:

Rendu Indian currency e. NRE you can convert back into Dollars but the money is in Rs. So if the dollar becomes expensive you lose money. No deposits from India

NRO. In Ruppees cannot be brought back easily, can deposit from India also.


NRE always require foreign currency as deposits and will be converted into Indian Rupees.
In NRO, only Indian Rupees can be deposited
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Jodhaa
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Ravino786:


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Ravino786
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Posted on Thursday, April 09, 2015 - 09:58 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

contact kish, jodha, link...
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Andhrawala
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Posted on Thursday, April 09, 2015 - 09:57 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Ysr bhayya

Pretty easy. As simple as wire transfer. Basically they are gifting u $10k anuko


My friend's FIL sold his house khammam got 60 lakhs

Kept 20 lakhs for himself, 20 l for son and 20 l for daughter

My friend got 20 lakhs like that thro wire from India
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Rgb
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Posted on Thursday, April 09, 2015 - 09:48 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vasu:

NRE is always in foreign currency such as dollars or pounts
NRO is Indian currency




Rendu Indian currency e. NRE you can convert back into Dollars but the money is in Rs. So if the dollar becomes expensive you lose money. No deposits from India

NRO. In Ruppees cannot be brought back easily, can deposit from India also.
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Vasu
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Posted on Thursday, April 09, 2015 - 09:45 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vasu:

Do you have NRE account


Read it as NRO in my previous post.

NRE is always in foreign currency such as dollars or pounts
NRO is Indian currency
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Vasu
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Ysr2009:

andhraWala bhayya, how can parents send 10K from India to US?


Do you have NRE account? Then utilize Outward remittance bhayya. Liberalized scheme ani edo untadi with ICICI check with them you will need help from a CA in India. They will prepare the necessary documentation for you.
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Vasu
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Gsn1:


Bhayya last time I posted about this and reposting here.

I had a RE property on my name in India. I made a clean transaction out of it (no black money involved have taken a hit on the price as I needed everything in white). Dad friend CA oka letter chesi ichindu that the proceeds were from a RE sale and attached the sale deed etc. I got all the money deposited into NRO account. Along with that letter I had initiated the outward remittance back into my US account. This was done some 5-6 years ago. I don't remember if there was a limit at that time but I could do entire money around Rs. 15 lakhs transaction. I don't remember the exchange rate, evaro adiginru about it. Money vachinda kada ana santhosham ekkuva unde than the exchange rate.

If you have NRE account make sure you also have NRO too. All proceeds can be deposited into NRO first and then repatriate easily. My account was with ICICI
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Ysr2009
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andhraWala bhayya, how can parents send 10K from India to US?
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Rgb
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Andhrawala:

RGB

Idhi yearly limit




Thanks anna
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Andhrawala
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RGB

Idhi yearly limit
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Gsn1
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Ysr...

------------
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india lo dad peru meeda bank lo vundi..

daanni ikkadiki theesuku raavaali..

elaA?

idenaa doubt?
---------------

No. My relative worked in US for almost 8 years and left to India for good. But, his family couldn't take it there, so he came back again with the family after 3 years. Now his money is in India and he wants to bring it back.
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Ysr2009
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india lo dad peru meeda bank lo vundi..

daanni ikkadiki theesuku raavaali..

elaA?

idenaa doubt?
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Rgb
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Andhrawala:

Ur dad can gift 10k to u, another 10k to wife

Again mom 10k to each

Fil, mil 10k to each




Idi per year a leka lifetime a
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Andhrawala
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10k varaku people can give gift with letter

Many chinkus buying house total cashdown bringing money from China anta
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Starc
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More than 1500 ayithe bank vadu gift letter thisukarammantadu. Adi unte salu..

Loan kadu mottham under table ayithe builder manchiga oo 50k anna taggistaru antadu..

Cash and buy ayithe you save at least 25k in the closing cost+interest rates etc
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Gsn1
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Rajusk

-----------
Money/tax related thread kada...anduke vesanu
-----------

OK. Sorry I thought you were asking me.

Hope other big wigs can answer you and as well give me some ideas on repatriation question.
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Andhrawala
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Illu kondtappudu down ki family money can be used

Parents ki income source vunnanthavaraku gift toopsm lo thecchukochu

Otherwise act as westernunion for friends but money cant be deposited in bank
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Rajusk
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Gsn1:

Sorry andi. I have NO CLUE about FBAR or NRE/NRO/NRI accounts etc. as I don't have any property or money in India.




Meeru info istaru ani kaadu..

Money/tax related thread kada...anduke vesanu
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Rajusk
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Gotcha:

oci vs pio emi telchar?/




For now send to India on PIO..After coming back..file for oci
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Gsn1
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Raju garu

---------
Ippudu separate gaa FBAR file cheyyakarledu anta kada..
---------

Sorry andi. I have NO CLUE about FBAR or NRE/NRO/NRI accounts etc. as I don't have any property or money in India.

I posted this as one of my relative here is asking me on how to bring his money from India. I am gathering information for him.

Fortunately/UNFORTUNATELY I personally don't have these issues.
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Brighton
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Ila techhi house kondaniki plan cheyyochhaa? Loan ichhetappudu oppukooru ee money ala vachhindi ani gifts related money ki issues untaaya?
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Saarang
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Rajusk:

Mee thread ni hijack sesthunnanduku swarry...

Ippudu separate gaa FBAR file cheyyakarledu anta kada..

Your tax filling can declare overseas income annadu maa CPA..avuna?




Few days back edho thread padinindhi..did not get a chance to read it.
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Gotcha
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Rajusk:


oci vs pio emi telchar?/
This Andhra real estate is for sale.
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Rajusk
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Gsn1:




Mee thread ni hijack sesthunnanduku swarry...

Ippudu separate gaa FBAR file cheyyakarledu anta kada..

Your tax filling can declare overseas income annadu maa CPA..avuna?
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Scorpio
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Andhrawala:

Ur dad can gift 10k to u, another 10k to wife

Again mom 10k to each

Fil, mil 10k to each




Mom, Dad, FIL, MIL source of income chupinchaali gaa...
CBN is Good...Modi is Better...AK is the Best
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Timepasskosam
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Teenmaar:

give me 10k here. take it in AP




Gsn1:

how to bring ~$100K from India to US?



Gsn1 wants $ here too..
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Gsn1
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White and thanks for the suggestions guys.
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Maverick
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Link master
Happy Vizag
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Teenmaar
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give me 10k here. take it in AP
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Andhrawala
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Posted on Thursday, April 09, 2015 - 06:43 pm:   Insert Quote Edit PostDelete PostView Post/Check IPPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Ur dad can gift 10k to u, another 10k to wife

Again mom 10k to each

Fil, mil 10k to each
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Andhrawala
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Black or white
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Gsn1
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Does anyone know how to bring ~$100K from India to US?

Thanks in advance.

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