NRO vs NRE Accounts For NRIs | Avoid BIG Penalties In India ⚠️

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  • Опубліковано 12 гру 2024

КОМЕНТАРІ • 63

  • @HDSingh03
    @HDSingh03 10 місяців тому +1

    Was already researching about this but this video saves me a lot of time, Thankyou!

    • @Dream_UK
      @Dream_UK  9 місяців тому +1

      Thanks for watching man!

  • @bhavinpatel3048
    @bhavinpatel3048 Місяць тому

    Superb 👌🏻 work brother very…..easy explanation 👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻

    • @Dream_UK
      @Dream_UK  Місяць тому

      Thank you Bhavin!

  • @ToM-my5fo
    @ToM-my5fo 25 днів тому

    Very well explained 🙌🏻

  • @aadilmohan3224
    @aadilmohan3224 10 місяців тому

    Thank you so much Ritwik! I happen to be in India right and will definitely do this.A timely video.

    • @Dream_UK
      @Dream_UK  10 місяців тому

      Thanks man!

  • @rajivbandhu2002
    @rajivbandhu2002 9 місяців тому +2

    Hi, i am the person who suggest you to make video on this topic, i regular show your video, already subscribed your channel, but missed this video and after a week i come to know about this post.......

    • @sohailsyed1479
      @sohailsyed1479 4 місяці тому

      What happen to old mutual funds and stocks invested by savings account? After being nri

  • @sandeepsandy771
    @sandeepsandy771 10 місяців тому

    As always this is also the best video! ❤

    • @Dream_UK
      @Dream_UK  10 місяців тому

      Thanks brother

  • @rajivbandhu2002
    @rajivbandhu2002 9 місяців тому

    Thanking you on my suggestion for made this video

  • @ravindrarathod80
    @ravindrarathod80 9 місяців тому

    Very nice information thanks

  • @Chintoo10
    @Chintoo10 7 місяців тому +2

    After moving to UK, within how many days should I convert my savings account to NRO to avoid penalty?

    • @nikhilagarwal5295
      @nikhilagarwal5295 4 місяці тому +1

      I'm living here since 2 years😂.
      Please let me know if you find out.

  • @ashishadhikari1904
    @ashishadhikari1904 2 місяці тому

    What happens to the existing premium credit cards when we convert savings to NRO account in HDFC

  • @MaKeUpArT786
    @MaKeUpArT786 15 днів тому

    Sir agr mai NRE account open krwayu to kya mai us se online transaction krr skti hu,like agr mujhe apni family mai kisi ko paise transfer krne hai india mai hi to iss account se krr skte hai

  • @harshgarg101
    @harshgarg101 Місяць тому

    Bro do you know any bank in the uk to open an account without physically available from india?

  • @JatinderSingh-g8w5k
    @JatinderSingh-g8w5k 2 місяці тому

    I have nro account my mother father fd tarsfar to my nro account my parents also pay tax and I my nro account I paid other tax

  • @kiera10256
    @kiera10256 5 місяців тому

    Hi Ritwik, i already had a hdfc account and I converted it to nro but I stopped getting otps and I contacted them to change my mobile number to indian and they have been doing that for the last 3 months, ive actually had a bad experience with them and im thinking of closing the account because whenever i try to contact the support team they copy paste the same response..

  • @pissedcustomer456
    @pissedcustomer456 9 місяців тому

    Great Information Bro. I am planning for Sept 24 Intake. I wasn't aware of this NRO and NRE. I think, now after getting visa, I'll have to close my multiple savings account and have to open NRO and NRE from one bank only. Your videos are truly amazing. If you could also make a video which can help new students to understand Scope of Part time and full time jobs in UK during this mild recessions and for future. Thanks. 🤟♥

    • @Dream_UK
      @Dream_UK  9 місяців тому

      Thanks mate! I’ll try covering this topic in the coming videos as well :D

  • @dr.anusree8874
    @dr.anusree8874 6 годин тому

    Can we invest into MF from nre? Without having to pay any tax on the interest

  • @deepika_from_UK
    @deepika_from_UK 8 місяців тому

    Is it possible to have savings account in India, but the money credited to the account is from USA and I am living in UK.

  • @ravindrarathod80
    @ravindrarathod80 9 місяців тому

    Agar mera son out of India se mere account mein transfer karta hu to kya uske upar koi tax lagega

  • @jpl1234100
    @jpl1234100 10 місяців тому

    Very informative but i have a question,just 4 months back my son has travelled to UK as a student,so i need to close his normal savings account to NRO NRE account or should i wait for sometime,please reply.

  • @madguds
    @madguds 10 місяців тому

    If I initiate the process from here, my current Debit and Credit card would be cancelled and a new one issued. Conversion is smooth in ICICI where my account is, but card issues will cause complications. So can we wait till summer vacations when we will go home to initiate this? Thank you for this information.

  • @johndavid7577
    @johndavid7577 5 місяців тому

    Sir i am working in uae i dont have nre account if i transfer money from uae exchange to indian bank that is my mother account not mine is there any tax applicable plz tell me ,

  • @javeedshaik5578
    @javeedshaik5578 8 місяців тому

    Can you do vedio on process to open nri demat account

  • @puneetgupta5622
    @puneetgupta5622 8 місяців тому

    Hi bro just wanted to check if someone is out on tourism for more than 6 months then will that person needs to do get nre account

  • @dharmendrajha3101
    @dharmendrajha3101 6 місяців тому

    Sir, Can i received my LIC payment in NRE account

  • @rajivbandhu2002
    @rajivbandhu2002 9 місяців тому

    As old saving account change to NRO so account number also change or remain same, because in many Institute , office, dmate lic, mutual fund old saving account details was given

    • @Dream_UK
      @Dream_UK  9 місяців тому

      My NRO account number remained the same after conversion from savings

  • @Soham-0709
    @Soham-0709 9 місяців тому

    If I have 4 savings account in different banks I can make them all NRO?? Or I need to keep just one

  • @rajivbandhu2002
    @rajivbandhu2002 9 місяців тому

    One more suggestion pls don't mind,, what about income tax return filing system in SCOTLAND for Indian?? As now you are not student and doing full time job in Scotland getting good salary after deduction of Tax, pension etc.... Whether to file income tax return in UK/Scotland also. Pls make video on this

    • @Dream_UK
      @Dream_UK  9 місяців тому

      For working professionals, HMRC automatically calculates overpaid or under paid tax using the National insurance number. If the tax is overpaid, ask automatic refund is provided through a check via email or letter

  • @sagarpanchal1182
    @sagarpanchal1182 9 місяців тому

    Thanks bro

  • @biswanathkundu8433
    @biswanathkundu8433 3 місяці тому

    Can I invest mutual fund from NRE account ?

  • @giftymammen1515
    @giftymammen1515 7 місяців тому

    Hi Ritwik, great video and thanks for the information. I have a query, recently I went to India and I tried to process my NRE NRO account with HDFC bank, but for some reason the tax code/ NI number on my application isn’t getting registered. Was there something similar in your application process ? Is there any way I can rectify it?

    • @Dream_UK
      @Dream_UK  7 місяців тому +1

      I didn’t face this issue buddy. That’s strange

    • @giftymammen1515
      @giftymammen1515 7 місяців тому

      @@Dream_UK I knoww, thanks for letting me know tho 😊

  • @ddhorajia143
    @ddhorajia143 4 місяці тому

    Hi, Can I do SIP through my NRE account? In future, when I will do redemption, will I get money in an NRE account?

    • @Dream_UK
      @Dream_UK  4 місяці тому

      Nope you will need to do it with NRO

  • @kiranvrao9714
    @kiranvrao9714 4 місяці тому

    Thank you

  • @arkajyotisaha6061
    @arkajyotisaha6061 7 місяців тому

    What you have done with UBI, how do you pay your loan emi?

  • @susmitabandyopadhyay2304
    @susmitabandyopadhyay2304 9 місяців тому

    Hello,can we keep multiple NRO account in different bank in India? Please let me know

  • @parikshitdhage3617
    @parikshitdhage3617 10 місяців тому

    Hi I’m currently studying in Leeds and I’ve accounts in three banks in India i.e in SBI, HDFC and ICICI bank but my transactions are 90% through HDFC… so my question is do I need to open NRO and NRE accounts with HDFC only or in other 2 banks also????

    • @parikshitdhage3617
      @parikshitdhage3617 10 місяців тому +1

      Looking forward to your reply

    • @kris7968
      @kris7968 10 місяців тому

      Turn everything into NRO

    • @Vinni1337
      @Vinni1337 9 місяців тому

      please reply, I have the same query!

    • @ads7685
      @ads7685 9 місяців тому

      All the savings account should either be closed or converted to NRO account.

  • @BiswajitDas-xq9uq
    @BiswajitDas-xq9uq 5 місяців тому

    Bojot achha tha information ke hisab se

  • @arpitmathur1247
    @arpitmathur1247 10 місяців тому

    Are NRE and NRO accounts compulsory for students? I studied 1yr Masters in UK and now I've returned to India. I also transferred money from UK A/C to Indian bank savings A/C (barely had any balance and was not in use) via Wise. I hope I'm not liable to any fine as the money transfered was way below tax slab. Honestly, I didn't know anything about this rule until now.

    • @Dream_UK
      @Dream_UK  10 місяців тому

      If you are back it’s fine. Government randomly fines people. The probability is very low. But students should also have some account conversion. Very few people know about this rule.

    • @arpitmathur1247
      @arpitmathur1247 9 місяців тому

      @@Dream_UK Thanks for the reply and easing my anxiety. Nobody tell students to convert their bank account during the admission process. I checked the rule and it's quite old and somehow nobody bats an eye about it. Good job on educating others, I've shared your video with my friends in the UK who are on graduate visa.
      Cheers

    • @AKumar-bd3rt
      @AKumar-bd3rt Місяць тому

      Bhai mai uae me hu aur kai bar gulf country me aaya gya hu work visa pe
      kya jo person quarterly,halfly,yearly ,2yearly 30 days to 179 days india me leave pe rahta hai to kya use nri consider kiya jayega ya nahi plz gulf country walo k liye v kuchh vedio bna do bhai har koi sirf uk/us Australia k regard8 hi banata hai
      3sri bat ye ki jo log bich bich me gap karke india aate jate hai uska kya scenario rahega jaise koi 2 sal regular work visa pe uae raha kisi kmpni me fir india me vacancy issue ya fir visa rejection ya fir koi start up karke try karne k liye ek sal 2 sal india me rah gya fir wapas koi dusra gulf country like qatar,kuwait saudi me fir se work visa pe chala gya to uska nri status consiser hoga ya resdent
      Aur use nri account maintain karna chahiye ya resident saving nri demat ya residen demat aur agar nri demat se koi portfolio me invest kar liya lekin bad me india me hi rahne laga to us investment ka kya hoga usko fir se change karwana padega kya?

  • @anwaralam-sj8hy
    @anwaralam-sj8hy 9 місяців тому

    Can we send money from NRE account to any bank within India?