| Author | Message | ||
     Chirutha_puli Junior Artist Username: Chirutha_puli Post Number: 183 Registered: 03-2008 Posted From: 67.80.98.167 Rating: N/A |
ICICI Bank to offer tax concessions on NRO FDs http://www.financialexpress.com/news/icici-bank-to-offer-tax -concessions-on-nro-fds/248731/ | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14964 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
ok brother..I have ur mail ID..thanks | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15915 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
u can call me or drop me a mail basky_indya [at] yahoo com mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14962 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
cool..questions aduguthaa.. | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15914 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
ikkada post graduate diploma in bank and finance.. mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14958 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
bagundhi..nenu inkaa research cheyali ayithe.. | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14957 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
yeah ila anukunte chaala ne vunnayi..ivaala nite ki Aish intiki vachindhe anukoo.. repodhunaa RGV ki nenu tips isthunatu anuko.. Arrack Gobama naanu vethukuntu vachi economy ni em chedham ani adigadu anuko.. final gaa antha aasa ledhu rao gaaru.. | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15913 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
domestic ki 7% isthadu... 6 months ki mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2485 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
thanks bro Dharkaar, kab kya hoga kisko maloom miya...nuvvu repu telugu inti American citizen nee pelli sesukunnav anukoo ... Why so Serious? | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14955 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
basky brother, NRE, NRO lo fixed deposit ki same interest rates isthunadu kadhaa (5.25% until 6months) | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15911 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
taxation is not dependent on CITIZENSHIP. but its depend on RESIDENCY. after u stay quite sometime here, citizen/just gc, u become to be called an NRI mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14953 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
frank gaa antha cinema ledhu ikkada...worry ledhu | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15909 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
domestic chesko brother. better. high interest vastundi. technically NRE/NRO open cheyyali as ur not residing in india but CHALTHA hein, 1st mee dad ki open cheyipi, next nuvvu india ponapudu open chesko u can operate from here. LIKE ME. I give FAX instructions to my bank. they will issue fixed deposit/dd etc etc thru my instruction mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2483 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
Dharkaar, from wiki Repatriation of currency When foreign currency is converted back to the currency of the home country it is referred to as repatriation. An example would be an American converting British Pounds back to U.S. Dollars. basky cheppindhi kooda correct anukuntaa... but above logic tho , If you become a US citizen, I don't know how this is going to work Why so Serious? | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14950 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
artham ayindhi brother...ippudu naaku india lo kontha money vundhi ICICI lo ..I dont want to trust private banks..so aa money india lo SBI account open chesi transfer cheyalani thought...so NRE or NRO which one is good... | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15906 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
abba. neeku insurance policy undi anuko india lo, future lo daani money vachindi anuko, its tax free. but ur staying in usa and want to receive it here . appudu documentation petti, nee MONEY(benifit) ni REPRARITATE cheyyochu USA ki. mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14945 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
asalu artham kaledhu basky bro.. | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15904 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
india lo companies profits, money USA owner ki teeskuni povacchu... india to reverse USA money repatriate mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14942 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
Thanks HumDum brother..but ee word exact meaning enti..?? how is this related to us..?? | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2481 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
bump for dharkaar Why so Serious? | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2480 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
found this in r2i forums Note that NRI is a status, there is nothing called an NRI Account. You should either open an NRE or NRO Account. NRE stands for Non-Resident External and NRO Stands for Non-Resident Ordinary. The difference is that NRE allows deposits only in Foreign Currency where as NRO allows deposits in Foreign Currency and Indian Rupees. Also interest earned from NRE is not taxable in India, where as for NRO 30% tax + 3% Cess is deducted at source by the bank irrespective of amount of interest earned. Even if you earn Rs 100 interest they will deduct 0.3*100*1.03 = Rs 30.9 as tax. Also amount in NRE Account can be easily repatriated where as amount in NRO though it can repatriated involves some procedure. Why so Serious? | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15860 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
ok then OPEN A POST OFFICE 6 years scheme. a better one OR SBI TAX SAVINGS SCHEME. which gives HIGHER rate 8% mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2470 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
thanks brothers for your valuable inputs... naa criteria and constraints kee I am looking to set up FD in India only... ee tax issues inka koncham study seyyali ayithay Why so Serious? | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2669 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
 If god doesn't like the way I live, let him tell me, not you | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15859 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
again, this is a twist. U CANNOT INVEST more than 1 LAKH. in a single deposit at a single branh. INSURANCE of GUARANTEE is there for 1 lakh only. so diff branches/diff accounts lo open cheyyali, which is headache. I SIMPLY SEND A FAX to my BANJARA HILLS, SBI BRANCH. IKKADA ninchi money pamputhe, savings loninchi, FIXED gaa MARCHESTHARU (as per FAX request) mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2668 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
But yearly tax limit 1.5 lakhs varaku vuntundi kadaa... grand parents income emi vundakapothe... you don't need to pay tax at all (for deposits less than 50 lakhs). If god doesn't like the way I live, let him tell me, not you | ||
| Rebel Side Hero Username: Rebel Post Number: 4591 Registered: 02-2008 Posted From: 151.151.7.51 Rating: N/A |
ikkada 30%+ tax kada..fed+state...so 2.5K lo 800 tax poina it's almost same as in india ..anyways it depends on where u r money stays..in US or in India... | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15858 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
take risk. but balance the basket. put in insurence lIC/Post office/SBI BANKS/SHARES/mutuals/infra bonds. USA lo also same. balance it mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15857 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
it was a pure luck. GTB close aipoyinaa, evadooo emi peeeka ledu.. mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Rebel Side Hero Username: Rebel Post Number: 4590 Registered: 02-2008 Posted From: 151.151.98.235 Rating: N/A |
unless u r planning to buy house here in the next year, i dont see any benefit in keeping ur money in 1/3 yr CDs in US...u can get better rates if u invest in good Money market/bonds/good stocks since it's long term anyway...ofcourse some rsk is involved..ee vayasu lo kakapote musalollu ayaka risk cheyalem kada.. | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15856 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
its too little. tax. 1 lakh dollars invest chesthe, max 2.45k. its not a big diff. INDIA lo aithe TDS untundi. 10%. same 1 lak dollar = 50 laks india lo chesthe, entha TAXXX choosko (10% tax on INTEREST EARNED). 5 lakhs meedha 10%. 50,000 rupees tax paduthundi mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2667 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
GTB depositors evaru loss avvaledu anukuntaa kdaa? (as someone else bought it) If god doesn't like the way I live, let him tell me, not you | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15855 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
babuuu dont suggest PRIVATE. GTB emi ayyindo telusu kadha..???? SBI ki SOVERIGN GUARANTEE undhi. if BANKS CLOSES, RBI HAS to PRINT and GIVE THE MONEY to PEOPLE mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15854 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
U HAVE BALANCE ur BASKET. U CANT INVEST EVERYTHING IN INDIA. TAXABLE it is. so 50-50 cheskuni USA/INDIA petukovacchu. INDIA lo BANK enduku, POST OFFICE gives HIGHER returns. again BASKET BALANCE undali mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2666 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
India lo grand parents name tho FD cheyandi 9% isthadu ICICI If god doesn't like the way I live, let him tell me, not you | ||
| Rebel Side Hero Username: Rebel Post Number: 4589 Registered: 02-2008 Posted From: 151.151.98.235 Rating: N/A |
tax ikkadaina kattali kadaa... | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15853 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
Mama, if ur serious enough in india, then go for POST OFFICE 8% interest OR SENIOR SAVINGS SCHEME. 9%. (open on ur father name). OR SBI TAX SAVINGS SCHEME. 8% (for 5 years). mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15852 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
INDIA vaddu mama. I deposied in INDIA too. 7% isthunnaru domestic lo. but TAXABLE. USA lo pettuko, 2.45% is too good. mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Jalsa Side Hero Username: Jalsa Post Number: 5577 Registered: 02-2008 Posted From: 159.53.78.142 Rating: N/A |
//umpty mama, I SUGGEST U OPEN A CD deposit in SBI NY or CHICAGO. 2.45% isthunnad. USA banks r giving just 1.5%// Rates baunnai kaani, money ikkada undakkarledhu antey, you get better rates in India kadha mama? | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2467 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
basky mama...CD antay u deposit in USD kadha(from what I understand) and it is like money staying in a USA bank(?)... I am looking for FDs and current acc in Inida Why so Serious? | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15846 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
dumpty mama, I SUGGEST U OPEN A CD deposit in SBI NY or CHICAGO. 2.45% isthunnad. USA banks r giving just 1.5% mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2466 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
 nenu adigina daaniki answer seyyandi if u had any any experiences in with either of them...I have to open acc and/or term deposits in the next few weeks... Why so Serious? | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2665 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
nahhh... I "was" just a Casanova  If god doesn't like the way I live, let him tell me, not you | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15840 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
Mama were u really Mr.HYDERABAD. just curios.. manchi womaniser waa.?? mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Basky_indya Hero Username: Basky_indya Post Number: 15838 Registered: 10-2007 Posted From: 208.11.223.20 Rating: N/A |
SBI CHICAGO, NY are giving 2.45% INTEREST on CD in USA. mY Telugu Divine www.gurugeetha.blogspot.com | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2664 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
icici lo porilu masthuntaaru  SBI lo antha grannys  If god doesn't like the way I live, let him tell me, not you | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2663 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
Yes, but that's doesn't give all the rights as in a join account, right? If god doesn't like the way I live, let him tell me, not you | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2465 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
Rasp is correct, you can authorize withdraws... on the same topic - SBI vs ICICI...pros and cons postandi Why so Serious? | ||
| Rasputin Side Hero Username: Rasputin Post Number: 5794 Registered: 02-2008 Posted From: 192.146.101.24 Rating: N/A |
But, India lo unna vallani Authorize cheyyochu withdrawals ki. Oka separate form fill chesthe chaalu. | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14940 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
ippudu actual difference artham ayindhi..thanks | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2659 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
Small correction. Money in NRO account can't be remitted back to usa. NRO account can be held jointly with family members in India. NRE account should be held by NRIs only. If god doesn't like the way I live, let him tell me, not you | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14936 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
Hydbad bro...mari alantapudu andharu NRO open chestharu gaa...how can we get money back here...?? | ||
| Humpty_dumpty Side Hero Username: Humpty_dumpty Post Number: 2461 Registered: 02-2009 Posted From: 38.117.247.14 Rating: N/A |
hyder, is this taxable or non taxable? this is correct Why so Serious? | ||
| Atlantis Junior Artist Username: Atlantis Post Number: 471 Registered: 07-2008 Posted From: 167.230.38.118 Rating: N/A |
Do we still need to pay TAX on this account when we send money from outside india? Prajarajyam Finance Corporation. | ||
| Mrhyderabad Side Hero Username: Mrhyderabad Post Number: 2658 Registered: 01-2008 Posted From: 167.230.38.118 Rating: N/A |
NRE - Only for depositing the money earned outside india. Your family can't deposit cash or check in to that account. And you can get the money from that account back to here. NRE account lo vunde money ki NO TAX in india. NRO - You can deposit money from here and also from within India. You can still get the money back with this account. ICICI ayithe debit card isthadu... which you can use internationally (including ATMs). If god doesn't like the way I live, let him tell me, not you | ||
| Dhaarkaar Hero Username: Dhaarkaar Post Number: 14934 Registered: 02-2008 Posted From: 198.204.133.208 Rating: N/A |
difference cheppandi..Online search chesanu but too technical gaa vundhi..I need to spent more time anipichindhi...repatriable ante enti correct gaa.. the main reason I want to open an account is to send money to india and also get the money back in USD..(is that possible..?) time vunte, mari basic q aduguthunanu anukokapothe please answer..jai hind |
