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Gotcha
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Username: Gotcha

Post Number: 10176
Registered: 02-2008
Posted From: 99.33.1.73

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Posted on Thursday, February 14, 2013 - 09:58 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Bushu
8% ekkada babu official inflation is 10.5 %. India lo savings chesukovadam amayakatvan, either invest or buy something which grows with inflation.

Vjawarrior
Say u save and got 9.75 and if u dont consider inflation u have to pay uncle sam 30% on it so ur net savings is 6%. While convertibg to dollars to rs and reconverting back to dollars u wight loose another 1 percent so ur totsl gsin is 5%. Ippudu deeni meeda inflation esi chudu
This real estate is for sale.
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Bushu
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Username: Bushu

Post Number: 6197
Registered: 04-2009
Posted From: 24.61.12.115

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Posted on Thursday, February 14, 2013 - 09:55 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vjawarrior:

by having a NRE account...u get 9% interest...repatriable...not taxed at source..




exchange rate lo entha dobuthadhi?

ainaa, nee lanti trader 9% tho kush avudendhi? india lo evadu 30% ki thakkuva matladadu.
balupu s/o gelupu
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Vjawarrior
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Username: Vjawarrior

Post Number: 5449
Registered: 02-2011
Posted From: 98.230.188.189

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Posted on Thursday, February 14, 2013 - 09:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bushu:


india lo inflation 8%, neekochey return 9.5% - so net 1.5% annatlu. :D

dhaniki thodu dollraan loko convert sesinaavantey inkaa banduu.



i feel usd will not raise any more from these levels....54/55 max....
also USA lo banks hardly give anything....whts the point in keeping it here...
by having a NRE account...u get 9% interest...repatriable...not taxed at source....
I dont know what the problem is....
Naakonchem tikkundi...kaani daanikoka lekkundi...
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Bushu
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Username: Bushu

Post Number: 6194
Registered: 04-2009
Posted From: 24.61.12.115

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Posted on Thursday, February 14, 2013 - 09:41 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vjawarrior:




india lo inflation 8%, neekochey return 9.5% - so net 1.5% annatlu. :D

dhaniki thodu dollraan loko convert sesinaavantey inkaa banduu.
balupu s/o gelupu
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Vjawarrior
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Username: Vjawarrior

Post Number: 5444
Registered: 02-2011
Posted From: 98.230.188.189

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Posted on Thursday, February 14, 2013 - 09:06 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Dma:


Even if it were a little lower at SBI than KVB, I would go with KVB.



didint get ur logic....i thought sbi being apublic venture is more safer
Naakonchem tikkundi...kaani daanikoka lekkundi...
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Vjawarrior
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Username: Vjawarrior

Post Number: 5443
Registered: 02-2011
Posted From: 98.230.188.189

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Posted on Thursday, February 14, 2013 - 09:05 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Gandhiguevara:

Another big positive of an NRE account is that the interest earned from an NRE account is fully exempt from income tax.


bonghem kaadhu



so waste antaava gagu
Naakonchem tikkundi...kaani daanikoka lekkundi...
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Gandhiguevara
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Username: Gandhiguevara

Post Number: 37640
Registered: 10-2009
Posted From: 98.194.214.250

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Posted on Thursday, February 14, 2013 - 08:46 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Another big positive of an NRE account is that the interest earned from an NRE account is fully exempt from income tax.


bonghem kaadhu
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Dma
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Username: Dma

Post Number: 8186
Registered: 11-2009
Posted From: 70.184.123.211

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Posted on Thursday, February 14, 2013 - 08:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vjawarrior:

but sbi also is giving a good rate...




Even if it were a little lower at SBI than KVB, I would go with KVB.
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Vjawarrior
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Username: Vjawarrior

Post Number: 5442
Registered: 02-2011
Posted From: 98.230.188.189

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Posted on Thursday, February 14, 2013 - 07:52 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Dma:

How about Karur Vysya Bank? How much are you protected for?



rite....i donno how safe kvb is.....so asking...
but sbi also is giving a good rate...
Naakonchem tikkundi...kaani daanikoka lekkundi...
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Dma
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Username: Dma

Post Number: 8185
Registered: 11-2009
Posted From: 70.176.173.118

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Posted on Thursday, February 14, 2013 - 07:16 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

in US, your investments are covered upto 100K. So, a common man is protected.

How about Karur Vysya Bank? How much are you protected for?
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Vjawarrior
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Username: Vjawarrior

Post Number: 5441
Registered: 02-2011
Posted From: 153.2.247.32

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Posted on Thursday, February 14, 2013 - 05:57 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Karur Vysya Bank is giving 9.5% interest rate on NRE deposits...
http://www.kvb.co.in/global/non_resident_NRE_deposits.html

karur vysya bank safe bank ena....
Naakonchem tikkundi...kaani daanikoka lekkundi...
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Vjawarrior
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Username: Vjawarrior

Post Number: 5440
Registered: 02-2011
Posted From: 153.2.247.32

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Posted on Thursday, February 14, 2013 - 05:45 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

if so...u r losing big on the interest amount....
Check this link:
http://www.moneycontrol.com/news/fixed-income-bank-deposits/ exploring-different-typesnri-accounts_727014.html
Naakonchem tikkundi...kaani daanikoka lekkundi...

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