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NRE - NRO - FCNR ACCOUNTS - PART 1 NRE ACCOUNTS All That You Need To Know

Frames NRE - NRO - FCNR ACCOUNTS - PART 1 NRE ACCOUNTS All That You Need To Know

Description NRE - NRO - FCNR ACCOUNTS - PART 1 NRE ACCOUNTS All That You Need To Know

Comments NRE - NRO - FCNR ACCOUNTS - PART 1 NRE ACCOUNTS All That You Need To Know

Hellow Sir,brI am an NRI, invested in real-estate, constructed buildings Now I wanted sell that property and transfer the funds from NRO to NRE Can I claim the funds I used from NRE 12 yrs before the save the capital gain Can you explained to me kindly this matter please 💐 Comment from : Thacharakalayil Joseph

Is there any way to find nri status of any person from pancard/aadhar Comment from : Jalesdeen Remington

VERY NICE PRESENTATION Comment from : B L Yadav

You the best home boy, serving up that fine advice like creamy butter chicken G bless Thank you! Comment from : Steven Brills

Thank you for clear and lucid explanation No bank will ever have the patience or the service mindset, to explain things in such a simple and easy to understand manner Comment from : Lakshman Prasad

Good example Comment from : Ravi Adinarayan Entertainments

Mr Bhat, I believe money can also be transferred into NRE account by NRIs from their NRO account by providing 15CA/CB forms certified by CA Comment from : Arnab Bagchi

🙏👍👍 Thanks for invitation 🙏👍👍 Comment from : Mahesh Danak

Thanks after living in uk for 5 years now i understood all rules clearly so have to open up file and fix many things now 😮😢 Comment from : Prachi Joshi Porwal

Hi, is it possible for an OCI (NRE Account Holder) to have an close relative (mother) who is an Indian senior citizen resident as a joint account holder for the NRE account ?brbrThank you! Comment from : Ced

Awesome thanks Comment from : Surabi Jagdish

Ho how much you can transfer to the NRE account one time Comment from : sharababeel ak

Hello, SirbrbrThank you for making the videos What you are doing is great I have a QuestionbrbrIf I use Money from NRE account to do deposit for CFD / Gold Trading (Intraday trading using online platform) and than do the actual day to day CFD trading online and than make some profit using that money; than, can I withdraw that Profit into my NRE Account?brbrIf Yes, Why? brIf No, Why?brbrIf Yes, is it Taxable ?brBecause I am using the money online and it has been earned outside of India not in IndiabrbrYour response will be appreciatedbrbr- Darshan Patel Comment from : Gujjus Cleaning

Thank you I gained a lot of information from this video Comment from : Utkarsh Chapatwala

Sir I am living in the USA since the last 7 years and have applied for an NRE/NRO Account with the ICICI bank in India The main objective is that I want to have a bank account in India so that I can once in a while keep putting some few hundreds of Dollars whenever possible and pay for some utilities there and also when I travel to India I can have the local expenses taken care off from my NRO/NRE account or pay people locally through my bank account I would also like to locally put in some money while I am there as deposits or my family in India would want to deposit into my account Can you please advice me in these both scenarios which account would be the best to have? Would it be NRE or NRO? The ICICI bank informed me that I can have the feature of both in the same account Ie NRO/NRE together What is your advice on this? Comment from : Shavez Williams

Thanks a lot sir Comment from : Lakshmi Kanth Reddy

Sir, Thanks for the clear and clarity explanation My daughter is in US having NRE/NRO in HDFC, IndiabrMy question:Can she invest in Co operative Society (bank)? If yes, how ? Comment from : Belagur Krishnamurthy Venkanna

can we issue NRE account check to purchase property in India? If so, are there any taxation reporting requirements to either income tax departments? Comment from : Dharmendra Sarkar

I already have a savings account in India I have come to live in Canada and I want to start investing in India Can my existing account in India be converted into NRE account or do I need to create a new account from scratch? Comment from : Harsh sharma

If the interest earned from an NRE account doesn't get taxed in India, does it get taxed in the country where the NRI is currently living? Comment from : D P

Thank you for immensed information that you are sharing regarding NRI financials I have question regarding inheritence assets and investments in india What is the legal process of transfering funds without double taxation of two countries? Comment from : Anil G

Why Indian banks have different rules? Comment from : Estanislau Rodrigues

Indian students living in canada Are we NRI ? Comment from : Rajbir Singh

Can I pay my Indian home loan EMIs from money sent to NRE account? Comment from : Pinku

My question can an nro or nre account transfer funds abroad to a different bank which is a non-nro/nre account? Comment from : Chongo Chishimba

Can an Indian account holder gold loan be linked to NRI account…so that nri can pay loan from his account Comment from : chaithra s

Sir, Is NRI eligible for gold loan? Comment from : chaithra s

Excellent 😊 Comment from : vijay rakesh chandra

Can I pay home loan and car loan emi from NRE account? Comment from : Saurabh Periwal

Can a joint holder who is Indian citizen can deposit money in such NRE account? Comment from : Vrushali Kulkarni

My son had gone on student visa (5 years) to US After completing study he is working there after getting EAD card Should he open NRE account? Comment from : GANGADHAR ROUT

Hi please,brWhat is the maximum daily or monthly ATM withdrawal limit from HDFC Bank NRE account in India? Comment from : Amit

Sir, if an NRI gets pension in India,can he open an NRE account? brPl reply brThanks Comment from : Kashmir Gill

Thanks sir Comment from : h chetri

Sir, brCan I make my home loan part payment from NRE account directly with out any issues or I need to send from NRE account to my other SB account from which I need to make part payment? Comment from : Kans Ashok

what happen if a person unintentionally send Rs 10 Lakh under LSR scheme from his resident indian saving account to his own foreign account after becoming NRI After that he convert his indian resident account to NRO How he can make this trn correct or intimate concern department for pardon As i come to know that after becoming NRI one should change his/her Indian saving account to NRO immediately Comment from : Devender Pahwa

Can indian residents play uae big ticket from being in India since all news channels are promoting the show in their respective channelsbrDoes participation in big ticket falls under fema law violation brPlease do a video on that Comment from : Crazy Dudez

Is international mobile recharge violation of fema? Comment from : Crazy Dudez

Thank you for your effortsbrbrUseful information Comment from : Gnanavel Thirumalaisamy

hello Dr, thank you for all the great information ! I have watched few of your videos but still looking for an answer to a use case of an NRI or PRI(who has green card and soon be converting into NRI) earning an income in the form of pension in India which is being deposited to regular savings account and would like to repatriate the pension income overseas Please advise Comment from : jrhp 6800

Sir I would like to request you, could please let me know if I send a money to NRE account from some other country, in India is it possible to transfer that money to any other bank accounts in India Comment from : Gangadhar Jakkam

1:56[FINANCE ACT 2020]; 7:14;investments in nre fd,mf,ip,ulips;rent income+nro interest+dividends but no shares+capital gains;9:54 Comment from : Mrunalini K

Hi sir, my parents have an fcnr account which maturity is due They are no longer nri, but have not declared non nri ststus anymore How can they withdraw the money ftom the account? Comment from : Jen AB

Great information sirthank u so muchkeep going Comment from : Mukul sharma

Sir one question in abroad people are sending money directly to their india salary account which is not NRE account Im bit confused to open NRE account or i should follow their way please help me in understanding What they are doing is right ? Comment from : Pavi M

Can i transfer my money from nre account to normal saving bank account in India, in RS form Comment from : Akash Chakraborty

Sir Thank you so much for information, can we open both NRE and FCNR account being an NRI and maintain desired balance in both Comment from : Neha

While it’s important to know the regulation its sad the implementation and framework is not available After watching this video i sent account opening form to SB branch thru mail My account was opened but its over 45 days that I have not received my welcome kit or online banking information I am running from pillar to post calling customer support and mailing but no positive response Looks like state bank of india has very poor process and customer experience for NRI accounts Comment from : Sonu Roy

Can i open 2 demat accounts with 2 different brokers, in 2018 i contacted Zerodha to open a demat account that it happen but i ended up with 4 bank accounts with YES Bank Recently i opened a demat account with Kotak Securities along with Kotak bank account Is it advisable to open another demat with Zerodha using my YES Bank accounts Is it legal to do it? Will appreciate your advice Thanks Comment from : Alexander Y

Hello sir, thanks for the very informative video My query is can donation/charity for the purpose of scholarship be done from accumulated interest in an nre savings account? Comment from : Shraddha Toro

Hume angreji ni aati h Sir Lekin phir bhi kuch sikhne ko milaa aapko sunkar Dhanyvaad 😃 Comment from : Talk Digitally & Work Digitally & Grow Digitally

Thank you for enlightening people like me about financial aspects NowI have 2 questions here 1 My daughter, who was working here as a software professional, has left to US for pursuing Masters (2 years course) in CS in one of the Universities there It is now more than 6 months she left from India She has 2 savings and 4 fixed deposit accounts here (indian rupees) Most probably she may get employment in US on completion of her Masters What is her position now ? If NRI, are all her savings and (Fixed deposit) accounts here to be converted into NRO accounts ? 2 Can she open NRE accounts (both savings and fixed deposit) as she is doing her internship in US and getting substantial pay, a portion of which could be transferred to this NRE account ? Comment from : Shiva Swamy

Very useful !! Comment from : Anand soni

Hi, is it possible to transfer amount from NRE to existing Indian saving account? Comment from : Scratch Strings

Sir, I have a questionbrCan NRI still holds Saving accounts in india ? or they must be converted to NRO/NRE account Comment from : Amit Kumar

what about monthly Indian civil governnment a/c pension Comment from : Ganga Pk

I have existing life insurance policies with LIC and other private insurance providers for which I was paying insurance premium from my savings bank account when I was in India Now when I move abroad and become NRI, should I use NRO or NRE account to continue making insurance premium payments ?brbrAlso, when I sell my mutual funds which I bought when I was working in India, should I take the proceedings of the sale of mutual funds into my NRO or NRE account ? Comment from : Varun Nagpal

Sir, it is very useful to we Thanks for this Please make a session on inward remittances Comment from : harshavardhan vardhan

Superb video Sir Very informative Quick question If my family needs to send me money, can they send money from their Indian SB account to my NRE or NRO account? Comment from : Anirudh Prabhu

If the investments in shares or propert is done from NRE account than the profit earned from sales of the same is taxable or non taxable , does the capital gain tax applies or not Comment from : Dhairya Bhatnagar

Can you tell mebrCan I I open two nri account from different banks ?? Comment from : Mondal Subham

If i create NRE account, can I give my father money on a monthly basis for family support ? Comment from : Saikat Halder

Thank You Bhat Sir for your video on NRE account and its advantages, Video has cleared a lot of information regarding the topic Comment from : Manjunath R Bhandary

Dr Bhat, this is very interesting Please comment if I, as an NRI, invest in deferred annuity plan in India paying full sum from my NRE account, will the pension be tax free and will that be paid into my NRE account provided I continue to remain NRI resident? Comment from : Girish K Agarwal

Very much informative Thanks for sharing Comment from : PINTU ACHERJEE

If shares are purchased and sold through nre account will it be disclosed in income tax return of non resident ? Comment from : Nikhat Sayyed

Can students studying abroad can open a NRE account in india? What will be the status of their ordinary SB account in india? Comment from : Amit Kohli

Can one transfer money (INR) from NRE account to other Domestic (Resident) Savings Account of other person? Comment from : Puneet Mehta

How can I contact youplease let me know I am from Bangalore Comment from : Mohan Kumar

I want to watch all videos I don't know from where to start 🙏🏻🙏🏻 Please guide in this regard 🙏🏻🙏🏻 Comment from : Aram sei Tamizha

Great respect sir for sharing whatever knowledge u hold 👍🏻👍🏻🙏🏻🙏🏻!! Especially fresher CA like me, will be extremely benefitted 🙏🏻🙏🏻 !! There is a saying brWater if stagnant will stinkbrWealth if stagnant is stinking richbrKnowledge if stagnant is a sin !! 🙏🏻🙏🏻 Comment from : Aram sei Tamizha

Thank You Sir 🙏brExcellent information on NRE accounts very clear and Lucid manner Delivery of your dialogue is simply superb 👍 Comment from : Venu Mohan

Whatever I invest using NRE account money will it be also tax free like buying a land , buying stocks , in mutual funds Will the gains made through this stocks will be also tax free Comment from : Saptha Rishi

Very good Comment from : Ray Kanrar

Do I need to pay tax on interest earned in the country I reside? Comment from : uday bedampeta

thanks for the great info! Just wanted to clarify a point you made - If you sell your mutual funds that was invested via NRE accounts - will the proceeds & subsequent Capital gains be credited to the NRE account? Comment from : Jo j

Sir, as I understood from your video that as soon as we can we should redesignate our resident account to NRO account When applying for the same in SBI bank, it needs an application form to be filled in with supporting documents like resident id card for residence status, tax certificate with tax identification number, cancelled cheque from present bankbrAll these documents needs time to acquire So, on the mere basis of VISA, work permit or employment contract, it is difficult for someone who is going out of India for employment purpose to redesignate the resident account to NRO, before leaving India UBI and SBI do not accept self attested documents too brIn these circumstances, how someone should proceed to avoid FEMA law breach and open NRO account Comment from : bisuindia

Hello Sir, this is a great channel and thanks for your help and guidance I do have a question for NRE account, so If I use an NRE (Saving account- Transferred money to it from outside of India) for making my SIP for Indian MFs , will the capital gain taxes do not apply ? As you mentioned all credits(dividend or stocks sale) made to NRE account are tax free and interest earned as part of this account is also tax free? Please help me understand Comment from : SID VYAS

Hi, fund transfer from one NRE account to another NRE account is it taxable For example x persons transfer fund from his nRE account to y person NRE account is it taxable? Comment from : vijay star thalapathy

can we keep existing saving account and open an nre account reason i am in the middle of the plan paying every year a lumpsum from my saving account Comment from : 1984billu

Sir, can I transfer from my NRE account to my NRO or someone's savings account as well? Please confirm Thanks Comment from : Sujatha Aithal

Thanks a lot Comment from : Sanjay Singh

GOOD,NRE ACCONT SAVING MONEY,WHAT IS THE BEST WAY TO USE WHEN COME TO CLOSE ACCOUNT Comment from : Santosh Karunakaran

Thank you Sir for this information Comment from : Logic

Sir, I am a citizen of USA Since 2020 I have some bank accounts in India What should I do with those accounts I have OCI card I would like to continue with those accounts Comment from : Kodandarami Reddy Jaladanki

Thanks for your valuable information sir, are you helping to open accounts, Comment from : Shyam Prasad

Hello Sir,brI am planning to do some investment in MF and stocks Should I do through my NRO or NRE account? Will I get any tax benefits if I do through NRE account? Comment from : puspita

Am I eligible to open this NRE account? I didn't visited to foreign but Im earning money from binary options trading account so? Comment from : Punith The symbol of success

Very informative Mr Bhat I browsed many videos but none are at detailed level as u explained Happy to be a subscriber of ur channel Comment from : vicky just

Very clear information Thank you I have one question :- can somebody open more than one NRI accounts? (one in HDFC, another one in ICICI OR SBI?) Comment from : Pramoda -

How much you can keep in India's SBI account by sending money from abroad, like no tax will be levied Comment from : Deba Deba

@NRI Money Clinic -- Hello Sir, Nice video just wanted to know if we've Salary account and opening DEMAT account for the same, should we convert salary account into NRE or NRO That would be helpful for trading shares via DEMAT account, whenever required Please suggest Comment from : Venkat Srinivas

Thank you Comment from : Sujay Samuel Vijayaraj

Really veery good video Comment from : veerjee bhat

NRIs never put your hard earned money in Rupees which depreciate 10 every year Unless you get 15 interest you are not making break even ! My experience of 52 years as NRI Besides our Democratic Govt has introduced 5 tax if you want to take your money out Never put your money in Bricks & Mortar ! Better keep your money in Foreign Banks to save fr people like Nirav Modi, Lalit Modi,Mehul Chocksi Vijay Mallya, etc, our Agents of Democracy ! Comment from : Mathew Paily

SirbrWonderful analysisSome one advising to open the IT portal and change the NRI status for my daughter residing USAbrBut NRI changes every year Is this is mandatory?brNRI status changes every every year but my daughter's staying is continuous, it necessary?brAny other sources is there it can be done easy way? Comment from : Susanta Lahiry

Sir thanks for the video All these days I have been transferring my money to NRO account instead of my NRE AccountbrEven my banker also never commited anything these many monthsbrBig eye opener and now I started to correct from this month onwards Comment from : Subram Rami

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