r2i forum

[QUOTE=HappyDesi;592011]Yes, NRE is tax-free and NRO is not. And, yes, it can be done. Not as simple as clicking on a few buttons on a website but there is a way to transfer from NRO to NRE and save on taxes. Please read on. The source of funds does not have to be from outside India for "Deposit ...

I am a NRI. My question is if my parents become NRI by living with me outside India, can they have their FDs in resident Indian a/c to be transferred to NRE a/c? This money is not repatriated by me though, these are their savings in INR.

[QUOTE=clinger;591785]you dont have to open SBI NRE. you can directly transfer from SBI US to Canara NRE.[/QUOTE]

Thanks clinger!

[QUOTE=dhinchak;588318]Thanks pskum for your quick response. So how long would the first transfer (BoA -> SBI California through ACH) take and what is the process I need to initiate from BoA end? Are there any charges BoA or ACH service will take? And how long will the 2nd transfer (SBI Cal a/c ...

[QUOTE=HappyDesi;591176]No need to go through converting INR to USD, transferring to the USA and then back to Indian NRE. 1. Open an NRO account and deposit your Indian funds there. 2. Open an NRE account. 3. Transfer money from NRO to NRE account (subject to a maximum of 1 million dollars per year ...

Hi friends Is it possible to convert INR to USD and then transfer this from India to US and eventually deposit it in a NRE account? The thing is this I want to save on Income taxes in India on my investments in India in INR. So if I somehow get it in to my NRE account, I will not be taxed on ...

[QUOTE=pskum;588309]Yes. the best route is BoA Bank =>(through ACH/check)=> SBI NY Account =>(wire) => SBI NRE Account. You can always to BoA Bank =>(International wire)=> SBI NRE Account but this may not get favorable exchange rates. As fellow member suggested, it would be better to send in chunks ...

[QUOTE=pskum;588265]Process for NRE opening account more or less would have the same level of paper work irrespective of the bank. Some bank may be slightly faster in follow up. This is because every bank has to go through KYC (Know your customer ) process. Security is very good for it is painful to ...

How are opportunities in systems software development? Also how would the job interview process be like? In US, the companies pay for domestic travel within US for a full-day interview. How long are interviews in UAE/ME for IT jobs? Do I have to fly all the way from US to ME for face-to-face ...

Opening up an old thread ...

If we R2I from Intel US to Intel India, will they ever consider us for a R2A back to Intel US if we wish to go back to the US? Or is it a one-way door that closes after r2i?