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Best NRE account...Period

Chalanachithram.com DB » New TF Industry Related » Archive through November 10, 2016 » Best NRE account...Period « Previous Next »
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Uno
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Posted on Wednesday, November 09, 2016 - 07:32 pm:       


Seeker:

kindi RBI website link lo Repatriability - Principal ane section lo NRO acct gurunchi chudu bro.

https://www.rbi.org.in/scripts/FAQView.aspx?Id=23



Yes,read the info in 4th row
Only funds that have been remitted from abroad can be repatriated and not the funds deposited in India
Most people open NRO accounts if they have any funds to be deposited in India
 

Seeker
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Posted on Wednesday, November 09, 2016 - 06:42 pm:       


Uno:




kindi RBI website link lo Repatriability - Principal ane section lo NRO acct gurunchi chudu bro.

https://www.rbi.org.in/scripts/FAQView.aspx?Id=23
 

Uno
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Posted on Wednesday, November 09, 2016 - 04:54 pm:       


Seeker:

second point not possible to withdraw anywhere in the world with CITI NRO & Axis NRO. i have them. Also you can't transfer funds from NRO to NRE. I tried with CITI many times and failed.




withdrawal depends on type of Debit card (international or domestic) and the interbank ATM network that the bank is affiliated (ex: Plus,NYCE,Star,Cirrus,etc)

If a bank is partnered with Plus network,the ATM card may not work on Cirrus network even though the ATM accepts visa/master card.Check on the back of your ATM card for the network logos
 

Seeker
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Posted on Wednesday, November 09, 2016 - 04:43 pm:       


Kurrokurru:




yes. interested is taxable. TDS 15% at present rate cut chesi dobbuthadu. nuvvu form 16 edo fill chesi aa money return techukovachu ani vinna but not sure about it.
 

Seeker
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Posted on Wednesday, November 09, 2016 - 04:41 pm:       


Uno:




first point correct bro. NRE to any account possible. my bad typo.

second point not possible to withdraw anywhere in the world with CITI NRO & Axis NRO. i have them. Also you can't transfer funds from NRO to NRE. I tried with CITI many times and failed.
 

Gatti_gunde
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Posted on Wednesday, November 09, 2016 - 04:12 pm:       

NRE open chesi malli NRO cheyyanavasaram ledhu

NRE open chesi parents ki power of attorney isthe chaalu
Boob annai ni kindhesi thanthe DB set aithadhi
 

Uno
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Posted on Wednesday, November 09, 2016 - 04:07 pm:       


Chantichanti:

Can i transfer my money from NRE to NRO ?




YES
Infact, I have both NRE and NRO accounts in ICICI and have done the transfer from NRE to NRO many times
Don't know about other banks
 

Chantichanti
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Posted on Wednesday, November 09, 2016 - 03:54 pm:       


Uno:




Can i transfer my money from NRE to NRO ?
 

Kurrokurru
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Posted on Wednesday, November 09, 2016 - 03:54 pm:       

I think in NRO you can send dollars from here and also deposit rupees in India where as in NRE only dollar deposit no rupees deposit.

Intrest accumulated in NRO is taxable for NRE non taxable

right?
 

Uno
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Posted on Wednesday, November 09, 2016 - 03:54 pm:       


Seeker:



Seeker:

am i missing something bro.





You also get transfers from NRE to NRE accounts only.

with NRO account:

you can only withdraw money inside india.




>NRE>To any account in India -possible
>NRO -Can withdraw from anywhere in world
 

Seeker
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Posted on Wednesday, November 09, 2016 - 03:34 pm:       


Uno:



am i missing something bro.
 

Uno
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Posted on Wednesday, November 09, 2016 - 03:31 pm:       


Seeker:



You are wrong ion both
 

Seeker
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Posted on Wednesday, November 09, 2016 - 03:14 pm:       


Chantichanti:





Andhrawala:




also NRE account, you can withdraw money anywhere in the world from any ATM. You also get transfers from NRE to NRE accounts only.

with NRO account, you can only withdraw money inside india. NRO account is for which you can receive funds from domestic accounts.
 

Uno
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Posted on Wednesday, November 09, 2016 - 02:38 pm:       


Chantichanti:

What is the difference between depositing money into NRE vs NRO account apart from the fact that you can only put dollor amount in NRE ?




NRE account-for Inward remittances from abroad.You can not deposit in the account in bank branches.No tax on interests.Funds can be fully repatriated (i.e wire back to US or which ever country they re originated from)

NRO- Almost like ordinary /regular savings account in India .You can deposit funds in India (at branches..like rent deposits,local checks,local transfers etc).But the interest is taxed can not repatriate funds
 

Rajusk
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Posted on Wednesday, November 09, 2016 - 02:32 pm:       


Uno:

ICICI is best for nre or nro account.Period

You can do almost all transactions online and has 24/7 customer support
You will get international debit card
Check book
Online funds transfer to any bank in India




I endorse this..as a customer of pipteen years..with them..
 

Andhrawala
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Posted on Wednesday, November 09, 2016 - 02:30 pm:       


Chantichanti:

What is the difference between depositing money into NRE vs NRO account apart from the fact that you can only put dollor amount in NRE ?




NRE account lo u put dollars, converted into INR and gets interest in INR. when u wnat to bring back it will be converted at prevailing conversion rate


NRO is basically rupee account. will be taxed just like any other indian accoun on interest income. non-repatriable
No Signature
 

Chantichanti
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Posted on Wednesday, November 09, 2016 - 02:28 pm:       

What is the difference between depositing money into NRE vs NRO account apart from the fact that you can only put dollor amount in NRE ?
 

Seeker
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Posted on Wednesday, November 09, 2016 - 02:04 pm:       

Axis bank di maathram worst. online login is most worst method. you need to have netsecure app.

don't use this thuppas axis bank.
 

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Posted on Wednesday, November 09, 2016 - 02:00 pm:       


Rowdy:

ee sekal enduku le



Okie dokie :D
Nenu evvaru reply ivvakapoyesariki anthaga pattinchukoledhu anukunna. Late ga vachindhi annamate reaction :-)
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Rowdy
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Posted on Wednesday, November 09, 2016 - 01:58 pm:       


Kranth1:

If I were you,



ee sekal enduku le ... eesari A ani pettu ... ee majja ye short film muttukovalanna ide lolli ... annee bootu puranale ... gabbu leputunnaru edhavalu
 

Kranth1
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Posted on Wednesday, November 09, 2016 - 01:57 pm:       


Rowdy:

aa 21 indian ani edo short film ichi sachav ... adi friend family unte petti sachaa ... paruvu poyi sachindi



Swarry ye. I can imagine their feelings. If I were you, I would scan something before playing it to pamily (/jump)
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Kranth1
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Posted on Wednesday, November 09, 2016 - 01:55 pm:       


Rowdy:

nuvvu edanna meeting lo naku kanapadali neeku naa chetilo pagaladam gaurantee



Yo. em ayyindhi annai. Manobhavalu hurt chesana? Genuine doubt adiganu :-(
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Rowdy
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Posted on Wednesday, November 09, 2016 - 01:53 pm:       

Mr. Kranthi ... nuvvu edanna meeting lo naku kanapadali neeku naa chetilo pagaladam gaurantee

aa 21 indian ani edo short film ichi sachav ... adi friend family unte petti sachaa ... paruvu poyi sachindi
 

Uno
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Posted on Wednesday, November 09, 2016 - 01:49 pm:       

ICICI is best for nre or nro account.Period

You can do almost all transactions online and has 24/7 customer support
You will get international debit card
Check book
Online funds transfer to any bank in India
 

Last_avataar
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Posted on Wednesday, November 09, 2016 - 01:40 pm:       


Kranth1:




I took home loan from IDBI, at that time i opened NRE and NRO with them
I don't operate these account so much as this is primary used for paying loan

they are ok and give good % on FDs on NRE
 

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Posted on Wednesday, November 09, 2016 - 01:34 pm:       


Kranth1:

Oka 5L pampanu. DB standards batti small amount. But dad is a central gov employee. Not sure what triggered the letter!!?


ok...maa auditor cousinthoo maatladipedathaa endhukochina godavale...thyaanx
 

Kranth1
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Posted on Wednesday, November 09, 2016 - 01:31 pm:       


Brodipet_baadshah:

meeru large amount okesari




Oka 5L pampanu. DB standards batti small amount. But dad is a central gov employee. Not sure what triggered the letter!!?
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

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Posted on Wednesday, November 09, 2016 - 01:28 pm:       


Kranth1:

Deeniki kuda IT returns laaga cheyyali. When we got the letter, they asked the reason why that much amount was sent. We replied that there is a loan that I need to clear and gave PP, Visa copy and bank loan details. Wasn't asked to pay any tax. May be this varies from case to case


naaku loanuu ledhuu emii ledhu...total amt peddadhekaani chinna chinna amounts gatha 4yearsgaa pamputhuunevunna...meeru large amount okesari pampithe letterochindhaa ledha antha accumulate ayyaka vachindha?im tryng to find the action which triggered the reaction(letter)
 

Kranth1
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Posted on Wednesday, November 09, 2016 - 01:25 pm:       


Brodipet_baadshah:

dhaanimeedha tax ante enthakattaali?



Deeniki kuda IT returns laaga cheyyali. When we got the letter, they asked the reason why that much amount was sent. We replied that there is a loan that I need to clear and gave PP, Visa copy and bank loan details. Wasn't asked to pay any tax. May be this varies from case to case
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Brodipet_baadshah
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Posted on Wednesday, November 09, 2016 - 01:20 pm:       


Amaravathi:

chala complications vunnai... u better have ur own accounts in india too


innallu prathi dollaruuu alaage pampinchaa....dheenemma suddengaa letterlu gatraa raavukadha...vasthe ela defend cheskovali?xoom transactions having account# details isthe saripothundhaa?auditorthoo maatladaalaa?dhaanimeedha tax ante enthakattaali?
 

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Posted on Wednesday, November 09, 2016 - 01:02 pm:       


Amaravathi:



aa ammount ni ayana tax returns lo ela choopinchaaru?


i dont know annai...adigi cheptaanu....
 

Amaravathi
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Posted on Wednesday, November 09, 2016 - 01:01 pm:       


Kranth1:


Last year nenu pampithe ee year they have sent a notice to explain the source of the money.




Exactly..thats what happens when loads of money piled up in ur dad's account and he is not showing the source of it in his returns... anduke have ur own ac and tax returns there... mana NRI tax returns very simple...2k iste kathi kataar CPA tho cheyyinchochu every yr
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

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Posted on Wednesday, November 09, 2016 - 01:00 pm:       


Kranth1:


u sent money to a non NRI account so obviously they will ask explanation as it is indian account. NRI/NRO ki pampite rakakapovachu letter.
...
 

Kranth1
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Posted on Wednesday, November 09, 2016 - 12:56 pm:       


Amaravathi:

aa amount tax



Last year nenu pampithe ee year they have sent a notice to explain the source of the money.
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Amaravathi
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Posted on Wednesday, November 09, 2016 - 12:54 pm:       


Vjawarrior:

no problem at all...as I sent 30 lacs to my dad via xoom...




aa ammount ni ayana tax returns lo ela choopinchaaru?
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

Amaravathi
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Posted on Wednesday, November 09, 2016 - 12:53 pm:       


Kranth1:


Annai conversion rate ela untundhi? comparable to Xoom aa? and taxes untaya ee amount meedha?




u dont have to use HDFC money trasfer tool to send from here to ur hdfc ac. u can use xoom/icici transfer or anyother who ever gives good rate.
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

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Posted on Wednesday, November 09, 2016 - 12:53 pm:       


Amaravathi:



Why r u sending money to ur dad's account? is it a gift? donation? family maintainance? and what about his tax returns show this money as?


no problem at all...as I sent 30 lacs to my dad via xoom...
 

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Posted on Wednesday, November 09, 2016 - 12:52 pm:       


Amaravathi:

NRE/NRO with HDFC



Annai conversion rate ela untundhi? comparable to Xoom aa? and taxes untaya ee amount meedha?
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

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Posted on Wednesday, November 09, 2016 - 12:48 pm:       


Brodipet_baadshah:

ippudu Xoom nunchi mine/father's accountki money pampisthe prblmaaa?




Why r u sending money to ur dad's account? is it a gift? donation? family maintainance? and what about his tax returns show this money as?

chala complications vunnai... u better have ur own accounts in india too
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

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Posted on Wednesday, November 09, 2016 - 12:44 pm:       

ippudu Xoom nunchi mine/father's accountki money pampisthe prblmaaa?
 

Amaravathi
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Posted on Wednesday, November 09, 2016 - 12:40 pm:       

Does not matter which one u choose... nen 2005 lo open chesa NRE/NRO with HDFC... min balance edho 10K vuntadhi anukunta..other than that no fees nothing...

open both...dont open NRE alone...
Dharmam gelavani Chota... Tappadhu Kathula veta ... thappu oppedho.. samharam tarvatha !!
 

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Posted on Wednesday, November 09, 2016 - 12:40 pm:       


Last_avataar:

you need to open NRE and NRO
give check book with authorization to DAD for NRO

send money to NRE from there to NRO
they can operate

Else send it to your resident account and provide your tools to them



Cool. Will do that bro. Is SBIs any better? My dad has SBI sal account and it is better for him to go to SBI than to the other corporate banks.
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Gotcha
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Posted on Wednesday, November 09, 2016 - 12:39 pm:       

naa research batti HDFC is good. if u r in Dallas Citibank lo u can open account by walking to irving branch also but brhances re in hyd only.
...
 

Vjawarrior
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Posted on Wednesday, November 09, 2016 - 12:39 pm:       


Kranth1:


Yup. akkada open an account online ani link eti ledhu kadha.


http://andhrabank.in/Download/Forms/NREdec.pdf
 

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Posted on Wednesday, November 09, 2016 - 12:37 pm:       


Kranth1:

Also, ikkada deposit chesthe can parents withdraw cheskovacha? in how many days?




you need to open NRE and NRO
give check book with authorization to DAD for NRO

send money to NRE from there to NRO
they can operate

Else send it to your resident account and provide your tools to them
 

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Posted on Wednesday, November 09, 2016 - 12:35 pm:       


Vjawarrior:

googling sesaava nuvvu?



Yup. akkada open an account online ani link eti ledhu kadha.
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Vjawarrior
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Posted on Wednesday, November 09, 2016 - 12:33 pm:       


Kranth1:


Annai, pakka thaad lo you suggested the same and I googled it, but I couldnt find a link to open account online.


http://www.andhrabank.in/english/nreaccount.aspx

googling sesaava nuvvu?
 

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Posted on Wednesday, November 09, 2016 - 12:32 pm:       

Also, ikkada deposit chesthe can parents withdraw cheskovacha? in how many days?
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Kranth1
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Posted on Wednesday, November 09, 2016 - 12:32 pm:       


Vjawarrior:



Annai, pakka thaad lo you suggested the same and I googled it, but I couldnt find a link to open account online.
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV
 

Vjawarrior
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Username: Vjawarrior

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Posted on Wednesday, November 09, 2016 - 12:30 pm:       

ANDHRA BANK is very good
 

Junior_no1
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Posted on Wednesday, November 09, 2016 - 12:30 pm:       


Kranth1:


IDBI/HDFC omelica nundey nuvvu account open seyochu with dollar deposit
 

Kranth1
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Posted on Wednesday, November 09, 2016 - 12:26 pm:       

Which one is better? Now that there is an imminent need to send money through a proper source to India, which bank offers a better account?

Disco cheyyandi, e;se evanna links unte ettandi. Conversion rates ela untayi usual ga? and ela withdraw cheskovalo kuda cheppagalaru

:D

PS: Biskoot is, I am open to referrals, if it does any good :D
Eppudu raajakeeya nayakulni vimarsinche pourudu raajakeeya nayakudu ayithe inka ekkuva dochukuntadu - RGV

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