Transfer money from India (saving bank) to US

tkaval · Post by **tkaval** » Sat Mar 26, 2016 3:43 am

I am USC and OCI card holders. How do I transfer money from India (Saving Account) to US?

All your help appreciated...

okonomi · Post by **okonomi** » Sat Mar 26, 2016 4:12 am

tkaval;627010I am USC and OCI card holders. How do I transfer money from India (Saving Account) to US?
All your help appreciated...

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Chakraan · Post by **Chakraan** » Sat Mar 26, 2016 4:23 am

What kind of saving account do you have in India? Resident, NRE, NRO ?

Read this thread and LRS scheme

http://www.r2iclubforums.com/forums/showthread.php/39455-How-to-transfer-money-from-NRO-account-to-USA

Old-Spice2 · Post by **Old-Spice2** » Sat Mar 26, 2016 5:18 am

Chakraan;627013What kind of saving account do you have in India? Resident, NRE, NRO ?

Read this thread and LRS scheme

http://www.r2iclubforums.com/forums/showthread.php/39455-How-to-transfer-money-from-NRO-account-to-USA

Check out the RBI site - https://rbi.org.in/Scripts/FAQView.aspx?Id=66

dbs · Post by **dbs** » Sat Mar 26, 2016 1:25 pm

tkaval;627010I am USC and OCI card holders. How do I transfer money from India (Saving Account) to US?

All your help appreciated...

GOI allows transfer of several lacs of rupees very easily.

I have just walked into the bank branch in Noida, filled up a form and next day the money was in UK bank account. I gave the reason as family maintenance. There are several reasons available but for some, one may have to produce additional documentation.

I am OCI too but resident in India.

cmk786 · Post by **cmk786** » Sun Mar 27, 2016 5:18 am

dbs;627035GOI allows transfer of several lacs of rupees very easily.

I have just walked into the bank branch in Noida, filled up a form and next day the money was in UK bank account. I gave the reason as family maintenance. There are several reasons available but for some, one may have to produce additional documentation.

I am OCI too but resident in India.

I have funds in FD NRO at ICICI bank which is maturing in January next year. Can I transfer this amount to US bank. I was told at the branch where I have my FD when I enquired before last year and they said no I can not and only NRE money could be transfered.

dbs · Post by **dbs** » Sun Mar 27, 2016 1:30 pm

cmk786;627095I have funds in FD NRO at ICICI bank which is maturing in January next year. Can I transfer this amount to US bank. I was told at the branch where I have my FD when I enquired before last year and they said no I can not and only NRE money could be transfered.

I have no clue.

I have an ordinary Resident savings account. Last time, I just rang the relationship manager and he said that a form has to be filled up. He offered to come around and do it at home. I decided to go to the branch. There the BM and the FE expert asked me some questions like how much and why, whose account it is going to and do I know the swift codes etc. They filled up the form and asked me to choose a reason, I chose 'family maintenance'. Signed the form and gave them a cheque. Same day the money was in the account in the UK. This was jan 2015 and the amount was £ 12K. There was no CA cert. or any thing like that, unless the BM gave an undertaking that I know nothing about.

My tax return for AY15-16 has been accepted and refund credited to my account.
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England has no kidney bank, but it does have a Liverpool

okonomi · Post by **okonomi** » Sun Mar 27, 2016 2:38 pm

[QUOTE]

Originally Posted by cmk786

I have funds in FD NRO at ICICI bank which is maturing in January next year. Can I transfer this amount to US bank. I was told at the branch where I have my FD when I enquired before last year and they said no I can not and only NRE money could be transfered.

dbs;627116I have no clue.
I have an ordinary Resident savings account. Last time, I just rang the relationship manager and he said that a form has to be filled up. He offered to come around and do it at home. I decided to go to the branch. There the BM and the FE expert asked me some questions like how much and why, whose account it is going to and do I know the swift codes etc. They filled up the form and asked me to choose a reason, I chose 'family maintenance'. Signed the form and gave them a cheque. Same day the money was in the account in the UK. This was jan 2015 and the amount was £ 12K. .....There was no CA cert. or any thing like that, unless the BM gave an undertaking that I know nothing about.

The bank employee had given the correct first response. A long distance customer, especially one in a forin land, is usually at a loss when that happens, and gives up. Even though it is entirely possible to help that customer, why do that extra work ....eh ? What is the point in not keeping the deposits with the bank branch ? The customer is happy (or at least reconciled) with the response, and all is vell...no?
Why talk about forms 15CA and 15CB (the ones in post #7), and so on ?

A good customer gets offered a house-call, and a dormant long distance sleeper gets put off. Seems normal to me.