NRIs India வங்கியில் Savings account வைத்திருந்தால் 2லட்சம் வரை அபராதம் | Types of NRI bank accounts
Вставка
- Опубліковано 11 жов 2024
- H Friends,
Here uploaded a video about the type of bank account for NRIs.
Please share your thoughts in the comments section !!!
Please like, share, and subscribe !!!
For contact us,
please email into : arthipremchannel@gmail.com
Instagram id : arthipremkumar
#arthipremvlogs
#usatamilvlogs
#usavisanews
#isabulletin
#h1bnews
#usatravelban
#usatravelrestrictions
Note: We are not the immigration attorney and the content provided in this video is the general information only which we read from the news or any public forum. For those who looking for specific scenarios or any specific details, please work with the licensed immigration attorneys. Always attorneys will provide accurate information.
Our posts are related to the following topics,Investment tips in usa, stock buying tips, bitcoin, dividends, Third country travel option, HR 3648 bill, HR 1044 bill, S386 bill, EAGLE ACT of 2021, Immigration bill, USA India travel ban updates, US india embassy updates, US embassy chennai updates, June 2021 VISA bulletin, Jule 2021 VISA bulletin, I485 green card process, non availability of birth certificate, green card without birth certificate, 2021 VISA bulletin, Employment based green card, EB2 green card changes, EB3 green card changes, VISA Bulletin predictions, h1b work from india, h1b work from home, L1 working from india, L1 working from home, usa travel ban, usa india travel ban, usa embassy updates, usa visa updates, green card updates, f1 student visa updates, h1b visa changes, h4 visa changes , usa travel ban, india flight ban, L1 visa updates, us embassy india, us embassy chennai, us embassy hyderabad, us flight , us india flight, us emergency visa, h1b visa, h4 visa, h4 ead, usa tamil vlogs, tamil vlogs, usa visa in tamil, us embassy opening updates, us embassy updates, biden immigration changes, h4 ead delay,h4 ead biometrics, l2 ead, l2 ead process, l2 ead biometrics, uscis boimetrics changes, h1b working from india, h1b working from home, ead working from india, L2 visa, L2 EAD, how to get green card in usa, budget reconciliation bill, immigration bill
I use to follow all the videos of yours very helpful… Finally we received our Green card .. keep up the good work .. Thanks bro for the informative videos 😊
Thanks sister
Awesome.. congratulations sister 👍
Tttttttttt
Hi
THANKS for both of you. VERY good & clear explanation. Useful information.
👍👍🙏👍👍
Thanks 🙏
Sangame abaraathathula thaan odittu irukku, prem mama. Good info, will try to apply 😊
🤣
Very informative video.
I was doing some comparison about these 3 accounts, and yesterday my wife asked me to watch this video.
Thanks for making such video.
This topic might be already in your list, what type of investments available in US for mid to long term once moved such as equity, bond, 401k, etc.
Very useful information Arthiprem.thank u .🙏
thank u 👍
Useful info 👍🏻 please share a video on safe ways to send money from India to US with low exchange rates.
NRO is taxable . Instead of changing from Savings to NRO , you can get 15CA,15CB signed from Auditor and submit to bank to transfer to NRE . It’s one time , but we’ll end up saving on tax .
As per this SBI link you can't convert from savings into NRE account it seems oaa.onlinesbi.sbi/oaonri/onlineAccOpenNriFaq.htm
@@ArthiPrem interesting . However , I converted from Savings to NRE , because most of the amount accumulated in savings was remitted from abroad . Auditor was able to provide the exact amount remitted from US and that amount was transferred to NRE . It happened in 2017 and no issues after that .
the bank called me and told saving cannot be converted to NRE only to NRO, and im not interested in NRO
better to closwe it and open new NRE'? i will send closure form through courier and someone can submit at the branch,
Good advice, I have been post poning this for 3 yrs, let me do it now
🙌🙌
Very helpful, thanks Arthi Prem 👍🙌🏻
Thanks sister
Extraordinary bro.. Great Explanations
Few more info. 1. NRI should not hold more than one NRI account. (Ex. two NRE ). 2. If your status changed from NRI to the resident still you can keep the FCNR account active until the maturity date. 3. If NRI's FCNR is matured, you can ask maturity amount to credit in NRE account. This is non-taxble income. If credited to NRO then it will be taxable. 4. During NRI status not suppose to apply for Aadhar card. Don't know what to do if Aadhar card is received before NRI status.
Hi bro
NRI can hold more than one NRO/NRE account
Hi Arthi & Prem, very informative video ! thanks much for the share; appreciate if you can cover couple of other things like 1) what happens to PPF savings(which is non-taxable) and 2) selling a property in India and transferring the money abroad. Thanks!
PPF which is good and still u can hold as a NRI
For selling property , please check this video
ua-cam.com/video/PgVhvQXR4JA/v-deo.html
Very useful information. Thanks
Thank u so much 🙏
SUPERB...
An NRO account is taxed at 30% on the total interest earned as per the Income Tax Act of 1961. Additionally, a cess at 3% is applicable to the overall tax liability.
Thank u for the information
படிச்சது எல்லாம் அரசு பள்ளிக்கூடத்தில் ஆனால் ஒருவர்கூட தமிழில் கமெண்ட்ஸ் போடல,,,
இப்படி இருந்தால் எப்படி வந்து நான் கமெண்ட் அ படிக்குறது 😔☹️
😂super ...சரியாக சொன்னீர்கள்
Very useful videos.Thanks a lot for your helpful videos Arthi Prem.
Thanks jai bro 🙏🙏
Very good explanation clearly ... 👌👌
Thanks 🙏
You can covert NRE account also to Savings account, I did that in ICICI once
Also ICICI, allows to open NRE account by sending documents from USA to their Mumbai central branch , this was not so hard
Yes you are correct bro
From NRE to savings is possible
Thank you
Useful video thank you
Thanks 🙏
Thanks for your information
Thank you so much 😊
Nice tips AP.. 👌
Have a couple of doubts..
1) What to do with FDs in NRI account after coming back for good to India..? And the interest earned on those FDs (NRI a/c)..
2) Is it necessary to close that NRI a/c once back in India for good or could we use that Credit card/Debit card for foreign tours/travel after a couple of months or a future date.? Please clarify more briefly if possible as there may lot of such cases like me..
3) Of course by closing that NRI a/c and transferring that balance to SB a/c in India is easy., but could we renew* those FDs in NRI a/c when that FD matures & due for renewal Or should wish not to renew, then to which will that proceeds with interst on maturity would be credited as we have already closed the NRI a/c upon transfer for good..?
4) In relevance to the above, 3rd question again, how long could we hold just those FDs ( NRI ) without closing but simply renewing duly every year or it is necessary to close* on maturity..?
Kindly brief these doubts soon as possible folks..
I am sure these may a common doubt for so many NRIs who may have returned to India for good for personal reasons.. Right..
Appreciate 👏your channel which gives quite a lot of clarifications and God bless you folks.. 🙏
Warm cheers.. 😘
Keep up this helping*/ service* nature.. 👍Vaazhga Valamudan🙏
Useful information thank you 😊
Thanks 🙏
Useful video as usual 👍👍
Thanks bro 😊
Thanks wonderful videos😊
very informative👌
I have a few more questions
1) Is it legal to hold Credit cards in India while we are NRI?
2) Is it legal to hold overdraft account?
3) How is everyone maintaining OTP for Aadhar card, Pan card, PF and other India related Items, whether I need to recharge and maintain my India mobile number, or is there any other option?
For #3, yes. would be good if you recharge and keep. It helped me to withdraw my PF.
Could u pls tell how do we manage indian sim there.. Do we need to enable international roaming or any other ways
Supper bro,sister
How about dependent wife who don’t earn in USA but has savings account in India… what about the FD opened in India
Thanks a lot for sharing this
Good message
Vaazhga Valamudan🙏
Hi USA all type visa parthiii explain pannunga
Hi Prem aarthi , you videos really the best which can be understand by any one.... I have a salary account in India shall nri can have salary account in India
no bro shouldn’t have the savings account and should change into NRO..
Good information .brother post office la NRI Ku ethum savings account irukka tax exemption irukkamari iruntha antha plan name with details iruntha sollunga brother thanks
Hi suresh bro
Sure but most of the plan earlier we asked was not eligible for NRI 😐😐
But will do It again
One small suggestion. Please state Resident Savings account. Instead of Savings account as specified and as described in your video.
Very useful information. Thank you 🙏🏽
Thanks 🙏
Hi Arthi and Prem your videos are very helpful and useful…my husband hold an NRI account but i have two savings bank accounts in India in my name and i’m not working …can i have that or not pls tell me
இங்கிருந்து அயல்நாட்டு படிக்க போகும் மாணவர்கள் எப்படி வெளிநாடு வாழ் இந்தியர் ஆக முடியும்
Hi Bro, In addition to bank accounts even trading accounts/demat accounts in india should also be converted to NRI. If repatriation required we need to link with NRE bank account with PIS. As per rule even US residents cannot invest in mutual funds is my understanding (not sure if already investing). But can invest in equity. Hope this might help someone so thought of sharing my understanding. Whoever uses this information please cross verify please correct me if I am wrong.
Hi praveen bro
You can invest in mutual accounts via NRO or NRE accounts 🙌🙌
bro, can you answer this scenario
1. consider I have a NRE, PIS & NRI demat acct.
2. I have been investing in Indian share market from US for a period of 3 yrs.
3. Now I have decided to move back to India
What will happen to my portfolio ?
Should I sell them or I can convert the NRI demat acct. to resident acc.
Hey Arthi Prem
Its been a few days since you folks spoke about USCIS.
Can you talk about any updates?
Sure magesh bro👍
What about someone living more than 183 days abroad but is not working abroad? Are they considered NRI or resident Indian?
Reply?
Especially housewives, students and children... If they have savings account, what to do
hi thank you, my hdfc automaticalled got converted to savings and they said i need to come in person to close it. but customer care sent me an email saing courier with signature is enough, any experience with hdfc?
pls share
Great information.!! Thank you for all the details. if we have both NRO and NRE, Can we transfer amount from NRO to NRE and vice versa?
No, only NRE to NRO, only possible..
Hi senthil bro
As raja bro mentioned that you can transfer from NRE to NRO only
Not the other way
So for an OCI Card holder what is account could be opened? How to open? What are the documents required?
Hi bro. I am going to travel abroad for work. This is first time. However it will take minimum 1 year to return. Do I have to convert my savings account into NRO account before going there? Or can I open NRE account? Please help me in this case.
I have a post office account what to do. I have 3 account in India should I change every account. Or shall I close all and keep only one account plz do reply.
FROM NRO ACCOUNT TO NRE account ku money transfer panna mudiyuma bro..
Rendu account m other other bank.
What if i have more than one savings bank in India.after change any one of these account to NRI . remaining savings Bank account need to close?
Nice dress
Thank u ☺️
Interest earned on NRI accounts is not taxable.So NRI Persons having FD in banks and the INTERST earned on this fd is credited to NRE SB account .So what you say in not correct.Please check up properly and present a video.There are many y tube channels giving information on this topic.
Hibwe clearly mentioned that NRE account is not taxable whereas you need to pay tax on USA for the interest if you are working in USA
Also NRO account interest earnings are taxable
We have verified too and we have presented the same on this video
Please recheck the video
நன்பா நான் சவுதில இருக்கேன்
எனக்கு இந்தியாவுல வங்கி கனக்கு எதுவும் இல்லை எனக்கு புதிதாக NRI கனக்கு தொடங்க முடியுமா இங்க இருந்து.
Can we change home loan account to NRO account? Kindly explain
ஒரு நபர் NRE ACCOUNT இரண்டு வைத்துக்கொள்ளலாமா நண்பரே....
Well explained.what about Fixed deposit.
Fixed deposits opened with a particular savings account before converting to NRO will be automatically converted to NRO and taxed accordingly
Fixed deposits opened with NRE account are tax free in India, we need to show the gains in US tax return
@@cnatraj1 sir please help me sir. I am handicapped person. மிகவும் அவசரம். Fd சம்பந்தமாக. Nri. U contact number.
Can you tell us how to transfer money between these accounts.. Nre to nro?
Hello anna....I'm in India..my kids are US citizens....do I need a emergency appointment?? Or send a email to consulate??can I get a letter format ...if you have any please send....thanks a lot
hi, earlier consulates were given an emergency appointment by raising the request to the consulates after scheduling the appointment ... Not sure still consulates considering this process but you can try, you need to schedule the appointment and request them to change into the emergency appointment, don't have the email template you can mention the reason for the emergency appointment should have the valid reason..
@@ArthiPrem thanks anna for quick reply...I really appreciate..thanks a lot
Salary account cannot change to NRO account in India
Sir, i'm working in Qatar as a General Employee, Which account best for me FCNR or NRE
Hi
I am an NRI but i doing investment also so what type of account I need to open
NRE account ல் எவ்ளோ வரைக்கும் பணம் savings'சாக வைக்க முடியும்?
எந்த பேங்க்ல NRE ACCOUNT OPEN PANNALAM,
NRE r FC NR
எது நல்லது
Even if you declare to Bank that you are NRI but bank did not change to NRO account. How to handle this situation?
Ah that is critical situation
We should follow up with the bank
Sir ennidam NRI ACCOUNT irukku athil 10 laks panam irukku intha panathai savings account ku transfer panninal income tax kattanuma
Hi Bro and Sister, i have savings a/c and I want open new nri a/c in the same bank from UAE, i should close my previous savings account?
Ella vagayilayum makkal thaliya arukkarathu thane bjp Yoda velai, ini fine poda arambichuduvanuvo
If they have a joint account with their parents .what are implications
If I change savings account into NRO status will it impact home loan payments( in savings accounts )that is getting paid Through that account
How to transfer money from NRE account to other accounts
Unga video Nala , ithu issue aginalum agum ,evlo naal savings account ah tha irukku
I'm now in UAE, I want create NRI account, where I go get plz help me
All savings accounts nro va matthanumah or one account enough.. please clarify bro
Can we continue having LIC policies ? When NRI
USA tourist visa opening details please
It’s not possible to convert saving to nro if you have a demat account associated with your customer id
Yes you need to close the demat account once u have moved into NRI status and you can open NRO demat account and transfer the shares
Then u can switch the savings account too
what about fixed deposits in india ?
You can setup fixed deposits on the NRI accounts
182 days - is it included Departure and Arrival Date?
Hi bro what is form 1 94 indian citizen Canada vist visa allowed us
I have 2 saving account bank ... so 2 bank account hayum NRO va maathanuma ??
Yes 👍
Hi, I have nre/nro in sbi.
I have saving account in icici.
Should I close icici account or I can convert that also as nro ? So a person can have 2 nro accounts?
Hi bro
Person can have any number of NRO accounts 👍 but check the minimum balance maintain for those accounts with banks
In ICICI rural branch , for me 10000 rupees minimum balance for NRO and NRE account, I do have two NRO accounts
Thank you bro 🙏
Can you withdraw money while coming to India from NRE account?
Bro if the spouse is not earring in USA but if they already have a savings account in India and was working in India if they convert the existing savings account to NRE account is it a loss because of INR to USD conversion??
You will hold rupees in NRE account so we are not going to lose anything
I have 3 savings account in India can i convert all to nre
Na Oru consultancy vaichuruken. Adhuku current account eruku. Na depend visa wife got h1b, I am doing trading and financial business here.. I have savings and current account.. I have
Credit cards, loans, etc...
Na US vandhutu , Indian account ah maintain pannalama? Indian savings account to my Indian trading demat account???
Na US la erudhutu , India la earn panna poren. Demat account linked with my savings account. Share market daily trade... Daily profit loss came. Savings to demat account la Money add panrathu , demat to savings KU money withdraw panrathu Ellame nadakum....
Edhu ellam anga vandha possible ah?
Clear ah enaku theiryala.
And forex account anga demat account open panalama depend visa la erukura enaku?
Indian la trade panra persom., US ku dependent ah vandhu , US la erudhu online la Indian business ah run pannalama? I means trade panalama? Enoda demat account la option ilanalum.? India la erukura enoda relations demat account ah US la open Pani trade panna mudiyuma ?
@Arthi Prem what about dependent saving account in India who are not working in US. Do we need to change to NRO?
Same doubt @Arthi Prem . Na Oru consultancy vaichuruken. Adhuku current account eruku. Na depend visa wife got h1b, I am doing trading and financial business here.. I have savings and current account.. I have
Credit cards, loans, etc...
Na US vandhutu , Indian account ah maintain pannalama? Indian savings account to my Indian trading demat account???
Na US la erudhutu , India la earn panna poren. Demat account linked with my savings account. Share market daily trade... Daily profit loss came. Savings to demat account la Money add panrathu , demat to savings KU money withdraw panrathu Ellame nadakum....
Edhu ellam anga vandha possible ah?
Clear ah enaku theiryala.
And forex account anga demat account open panalama depend visa la erukura enaku?
Abroad porathuku munnadiye NRE account open panna mudiyuma brother visa proof kaati
YES you can open now and contribute later..
@@ArthiPrem Tq bro
Help me, Anna akka
Hi what about students studying MS are they also considered NRI and their account to be converted to NRE account even though they are not earning
Gud question. Also what about dependants who don't earn in usa.?
no of days determines whether a person is resident or not. if one stays 182 days outside India in one calender year, he/she is considered to be NRI (non resident indian)
Thanks bro.can NRI hold or will be able to have more than one NRI account?
Yes bro can have more than one account
Dear arthy prem, I am mrs. Nirmala, I am in visitors visa. I watched recent video abt NRI. It will affect me? I am the pensioner. I came every 6 months once I come. After 2 years I come here. Pl reply
Thanks
Hi aunty
Good question thanks for asking
Visitor visa stay will not be considered as NRI status so you should be good 🙌🙌🙌
Dear arthi prem, I am sr citizen ( Mrs. Nirmala) stay with my son. I need to talk with you thr. What’s up call. I want clear my doubts.
Thanks
@@ArthiPrem thank you so much for ur immediate response arthi prem
Thanks
What about students abroad?
Which bank is best for nri account ?
Hi ArthiPrem, if we hold NRO account should we declare our interest from NRO in FBAR in US while taxreturn?
Following
ஒரே பேங்க்ல ஒரே branch ல NRO மற்றும் NRE னு ரெண்டு அக்கௌன்ட் ம் வச்சுக்க முடியுமா
Yes
If no money in normal saving account , they will charge in nro account or not ?
Sorry didnt get your question
@@ArthiPrem If I have two different account . One converted to nro with deposits and other one not converted to nro with minimum balance .
They will charge in nro account or not .
Nri account la irrukura money ku interest kodupangala
Can a person with NRI status hold FD account in India?
Yes sir..can hold..iam an NRI RM..
Can a green card holder who is not working here in usa( senior citizen) can have a Savings Account in India
Yes sir..sure you can open NR account at India...iam NRi Relationship manager in a reputed Bank,,
NRI account iruku..india lathu nama deposit panalamah
NRO account does allow it.. NRO account is used to manage income earned in India.