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NRE Vs NRO வெளிநாட்டு வாழ் இந்தியர்கள் என்ன Bank Account வைத்திருக்க வேண்டும்? Best Interest Rates 

Arthi Prem
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8 июл 2024

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Комментарии : 62   
@ArthiPrem
@ArthiPrem 18 дней назад
Whatsapp Number to order the Dress and customized accessories, can ship USA or anywhere in the World: +918807791348 You can get $5 Acorns App reward while using the below link acorns.com/share/?advocate.partner_share_id=4900910795571728308&shareable_code=5LN2L3M
@fathimabibi708
@fathimabibi708 18 дней назад
Superooo Super information 👌
@ArthiPrem
@ArthiPrem 18 дней назад
Thanks 🙏
@sudhamurali5698
@sudhamurali5698 15 дней назад
Romba nandri .. pona varam dhan account open pannen ana I had confusion… now much clear .. thank you so much !!
@ArthiPrem
@ArthiPrem 15 дней назад
Thanks 🙏
@maheswariilango6906
@maheswariilango6906 18 дней назад
Thank you very much.
@ArthiPrem
@ArthiPrem 18 дней назад
Thanks
@sathyaabn2406
@sathyaabn2406 17 дней назад
Good information Thank you
@ArthiPrem
@ArthiPrem 17 дней назад
Thanks !!
@anusha9720
@anusha9720 18 дней назад
Hi Bro! Do you know if the account number and other status remains the same while converting the account from Indian savings account to NRO? Also what happens to existing PPF or FD opened when we were in India?
@ranganathanchinnasamy90
@ranganathanchinnasamy90 18 дней назад
Superb AP, thanks for the information and clarity. Last 1 month am putting my head on websites and RU-vid for this details..Now i am clear and i have initiated to open NRE/NRO account I have another request "Applying india passport in USA" detail Video...
@ArthiPrem
@ArthiPrem 17 дней назад
Thank you so much Will do thanks for the suggestion
@HemanthKumar-wb6eo
@HemanthKumar-wb6eo 17 дней назад
Is there any limits on how much we can transfer to NRE from US per year without any additional tax ?
@ramakrishnanrajagopalan1241
@ramakrishnanrajagopalan1241 17 дней назад
very nice info. superb if some one stays in USA more then 182 days in visitor visa , will he be NRI. how he files IT in india after he returns to india for that FY. NRE acct any interest comes in india
@user-vu2vb6ux6f
@user-vu2vb6ux6f 13 дней назад
Thanks for the details. What is the process to transfer money from Indian bank account to US bank account?
@vijaykemi
@vijaykemi 15 дней назад
Good info many of them not aware of this I have explained this to many of my friends still many are using savings account in India not utilizing nre benefits. You can talk about fcnr (fixed deposit in usd) which can benefit many
@ArthiPrem
@ArthiPrem 15 дней назад
Thanks Yes FCNR is other benefit having hold money in foreign currency in USD or Euro or any other currency 👍
@kuppanr
@kuppanr 14 дней назад
Very informative sir! thank you! Just one question - US generally asks to pay tax for global income. Going back to the video, for the 16k interest earned on 2LRs, would we have to pay tax in US? Or is this a CPA question?
@ArthiPrem
@ArthiPrem 13 дней назад
Yeah have to pay the tax in the USA Though NRE account interest is tax free in india have to pay tax in the USA 😑 For NRO account also you have to pay in the USA No need to pay in india since USA is having double taxation agreement with india
@kuppanr
@kuppanr 13 дней назад
@@ArthiPrem - Understood, thank you!
@kiranl1254
@kiranl1254 17 дней назад
Very informative video. In NRE account, will it be in foreign currency? Can we withdraw that money in India?
@ArthiPrem
@ArthiPrem 17 дней назад
Good question NRO and NRE will hold the current in rupees Whereas there is an account called FCNR for NRI where you can hold the money in foreign currency say USD, Canadian dollars or any currency Yes NRE account money you can withdraw in india
@sajithasabrin9100
@sajithasabrin9100 16 дней назад
Pls talk about e-tds .
@alagusamy8603
@alagusamy8603 10 дней назад
USA la irukkravanga la inga kondu vara enna pannanum Prem because he sent my daughter from USA with baby and hiding there we don’t know what to do if you know any thing pls help
@dhamu_ram
@dhamu_ram 17 дней назад
Do H4 visa holders also have to convert their regular savings account in India to NRO account?
@ArthiPrem
@ArthiPrem 17 дней назад
Yes they are Good question 👍
@senkum3705
@senkum3705 10 дней назад
Hi, we are your big fan & do not miss any of your informative videos. One question - little off topic - any suggest suggestion for good Honda or Toyota car dealer in Columbus, OH ?
@ArthiPrem
@ArthiPrem 10 дней назад
Hi thank you We bought the Honda CRV from Roush Honda Westerville before 4 years They were good on that time Video link - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-b8wrmbe6ZRA.htmlsi=my6i8EMz-7NFQ0zx
@senkum3705
@senkum3705 10 дней назад
@@ArthiPrem Thank you so much bro 🤝
@Swati-rd8gk
@Swati-rd8gk 15 дней назад
Very Informative AP. Savings account we can convert to NRE/NRO. what will happen to FD accounts which we already have in India?
@ArthiPrem
@ArthiPrem 15 дней назад
Thank u 🙏 After you re-designate your resident account into NRO account, all your FD will be re-designate automatically.. account number remains same 👍👍
@Swati-rd8gk
@Swati-rd8gk 15 дней назад
@@ArthiPrem Thank you for your quick response. 👍
@savithriravikumarravikumar9779
@savithriravikumarravikumar9779 17 дней назад
காலை வணக்கங்கள் ஆர்த்தி.. ப்ரேம். உங்கள் பதிவுகள் மிகவும் பயனுள்ளதாக இருக்கிறது. நீங்கள் இருவரும் எந்த மாநிலத்தில் இருக்கிறிர்கள்.. என்ன வேலை பார்க்கிறிர்கள்
@ArthiPrem
@ArthiPrem 17 дней назад
Hi Thank you We are living in Columbus ohio
@anandt2003
@anandt2003 17 дней назад
6:44 As a US resient (even when in visa) one is liable for US tax on all foreign income including interest income. This double taxasion only means, you dont pay tax on same money twice. It doesnt give tax free money in any scenario. Any income outside of US has to be reported and tax paid as per our tax slab here. I case of NRE, you dont pay tax in india and simply report that income and pay tax in US. With NRO, you pay 30% tax + cess in India, file tax in US and claim refund in India under this double taxation treaty. Eithe way both are not worth given interest rate is as much as 5.x % in US even for high yield savings account and rupee has depreciated against dollar over last decades. Adding tax complication makes this a worthless effort. Btw.. US and India also have treaty to share data of individuals from financial institutions. Just a passport number is enogh for either side to get all the info.
@ArthiPrem
@ArthiPrem 17 дней назад
Hi bro Thanks for your valuable information And yea have to pay tax on USA for the NRE interest earnings 👍
@otakuxgirl6
@otakuxgirl6 17 дней назад
What is the process to convert normal saving account to NRE? Can this be done online or to visit the bank physically?
@mrcfraja
@mrcfraja 17 дней назад
You have to vist branch. U have submit ur visa and resident card and passport original.
@ArthiPrem
@ArthiPrem 17 дней назад
It depends on the bank While visiting the bank branch you can do it Some banks are accepting online too, please check your banker
@pandiarajsrinivasan5299
@pandiarajsrinivasan5299 18 дней назад
Many thanks 🙏 . - I have ICICI NRE and NRO accounts. I m selling a property in India. 1) Please advise me whether I should deposit the amount in NRE or NRO? 2) My wife still maintains her India resident bank accounts. Can I deposit part of the property selling amount here in this account. Requesting your guidance. Thank you 🙏
@ArthiPrem
@ArthiPrem 18 дней назад
Hi bro All the best for your sale !! Are you planning to repatriate your amount to the abroad?
@pandiarajsrinivasan5299
@pandiarajsrinivasan5299 18 дней назад
thanks brother! Repatriate - I have not yet decided . Please guide me for both options such as Repatriating or maintaining in the bank account. Thank you 🙏
@rajarmd
@rajarmd 17 дней назад
I have NRO account. Tax is deducted for every deposit. Is this normal?
@ArthiPrem
@ArthiPrem 17 дней назад
Yes bro its called TDS Tax Deducted at Source… they will deduct the maximum tax which is almost 31% but you can claim back the excess tax while doing the tax returns
@way2bliss314
@way2bliss314 17 дней назад
Do we need to file tax return in India if you work in US in H1B?
@ArthiPrem
@ArthiPrem 17 дней назад
You can consolidate with the usa tax return itself as per the double taxation rule between usa and india Please check with your tax agent too
@vijaylakshmansingaravelu9105
@vijaylakshmansingaravelu9105 18 дней назад
Sir tells about all -rounder states in usa overall score
@ArthiPrem
@ArthiPrem 18 дней назад
Sure What is the criteria which you want to list it out ?
@vijaylakshmansingaravelu9105
@vijaylakshmansingaravelu9105 18 дней назад
The state best for peaceful, good work life balance, best tourist places, low crimes rates, most happiest life states list in usa please tell sir
@ArthiPrem
@ArthiPrem 18 дней назад
Sure 👍
@balajis4788
@balajis4788 18 дней назад
USA is not even in top 30 for happiest list countries. Some countries in Europe like Norway, Sweden or Denmark are happiest place to live. Even if you are making less, you get free insurance, education from government. Safest place to live, only 6 hours of work per day, mainly job is most secured, it’s very hard process to fire employees there. USA is not safest country, open border in Texas-Mexico or California-Mexico, no good work life balance if you work with Indian boss, only few tourist spots in USA unlike Europe or India. 50 percent of life makes stressful on visa or green card, 10% stress on safety, 15% stress on peer pressure, 10% stress on kids education and school rating, 5% stress by leaving parents in india. So 100% stressful here..
@rajgopalmanoharan
@rajgopalmanoharan 10 дней назад
Consider the weather, cost of living and culture for European countries. In the USA, we can live in hot places, with better culture
@priyaasomu7334
@priyaasomu7334 18 дней назад
Is it possible to open NRO account from US ? If so how ?
@ArthiPrem
@ArthiPrem 18 дней назад
You can convert your existing resident account into NRO from the USA Some banks are allowed digitally For opening the new accounts also possible from the USA Some banks are allowed on the online with the documents submissions
@priyaasomu7334
@priyaasomu7334 17 дней назад
Thanks
@sreedharanramaswamy2786
@sreedharanramaswamy2786 18 дней назад
Interest income from NRE account is taxable in USA
@ArthiPrem
@ArthiPrem 18 дней назад
Yes 👍 As per the Double Taxation agreement you have to pay the tax in the USA 😑 Whereas its very good option for the people who are living in the middle east
@808praveen
@808praveen 18 дней назад
So technically we are paying income in USA instead of paying in india right ?
@ArthiPrem
@ArthiPrem 18 дней назад
Yes When u are a Indian citizen and living in the USA.. you can pay tax for any one of the countries for your income
@rajeshwariswaminathan9545
@rajeshwariswaminathan9545 17 дней назад
What about OCI card people who stays in india
@ArthiPrem
@ArthiPrem 17 дней назад
Hi If they are residing in india then they can have regular bank account and will not considered as a NRI
@rajeshwariswaminathan9545
@rajeshwariswaminathan9545 17 дней назад
@@ArthiPrem ,. Thank you for the information !
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