is nro to nre transfer possible?
316710
The Reserve Bank of India (RBI) now permits transfer of funds from an NRO account to an NRE account within the overall ceiling of $1 million per financial year subject to payment of tax, as applicable. You could consider transferring the funds back to your NRE account after paying taxes.
280100
An NRE account is a bank account opened in India in the name of an NRI, to park his foreign earnings; whereas, an NRO account is a bank account opened in India in the name of an NRI, to manage the income earned by him in India. These incomes include rent, dividend, pension, interest, etc.
463708
Benefits of NRE Fixed Deposit Account Favourable exchange: Competitive exchange rates on conversion of your foreign currency into rupees. Easy movement: Principal amount and interest earned are fully repatriable. Tax benefit: Interest earned not taxable in India.
1259456
From "Payments & Transfers" tab, select "Fund Transfer" option. The new page will list out different options for funds transfer. Select Inter Bank (Transfer to other bank) or Intra Bank (Transfer Within the Bank) Payee through RTGS/ NEFT. Select the Transaction Type: RTGS or NEFT.
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['Log-on "Baroda. Connect"', 'Move your mouse. over the Transfer. tab.', 'Click on the link. Transfer to other. bank NEFT/RTGS.', 'Fill in the required. details.', 'Tranfer your funds. safety and. conveniently.']
129351
['Log onto www.kotaksecurities.com.', 'Once inside the trading section, Click on Money Transfer You will be presented with a set of boxes.', 'Choose From Equity To Bank and click on Submit.']
1154436
How can you open an FCNR account? You can open an FCNR account by sending remittance from overseas, by internet banking if you already have NRE or NRO accounts, or by sending or submitting a request to the branch directly.
607314
Log in to www.nwolb.com. Select 'Payments and transfers' from the left hand menu. From the 'Make a payment or transfer' menu, select 'Make a payment or transfer' Select the account you want to pay 'From'
1345615
Yes. You may enroll up to 20 accounts belonging to another person or third party accounts. To Transfer Money to Another Person's Accounts, you must first enroll the account: Login to BDO Internet Banking, click “Enrollment Services” > “Other Person's Account” > “Enroll”
143006
A NRE account is tax-free, including no income tax, no wealth tax and no gift tax in India for any amount of money transferred to your NRE account. ... Income earned by you in the US would be treated as income earned outside India and therefore, the same would not be taxable in India.
588453
It's perfectly legal to transfer money from your existing FCNR or Non-Resident External Rupee Accounts with any bank to your new NRE account. Since the source of money is always overseas fund, this is allowed and the most convenient way if you happen to have NRE account of your own or with your wife or friends.
741226
If you are a Non-Resident Indian (NRI) and have currency of Rs 500 and Rs 1,000 you can deposit them in your NRO account. There is no limit on how much you can deposit. The same rules will apply to these accounts as the regular savings bank accounts.
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Features. Any Resident or NRI customer can open the Millionaire FSF (Federal Savings Fund) deposit. Monthly installments can be made to this deposit by transfer from your SB or SBNRE account. Facility to register standing instruction from your existing SB or SBNRE account also.
811468
An NRO account is a savings or current account held in India that helps NRIs manage income earned in India such as rent, dividends, or pension from abroad. The account holder can deposit and manage accumulated rupee funds conveniently through an NRO account.
492644
['Enter the country, amount, purpose of remittance and get rates from nearest banks & exchange houses.', 'Compare the rates, choose any and book your money transfer online. ... ', "Once the KYC is verified you can transfer the amount as NEFT/RTGS to chosen bank/exchange house's account."]
391187
Yes, you can withdraw money from your NRE account in India. You can even withdraw money abroad from your NRE account. ... However, you can only deposit a foreign currency into your NRE account, you cannot deposit INR. For INR deposits, you can use your NRO account.
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['Log on to NetBank.', 'Select Transfers & BPAY.', 'Choose the account you would like to transfer from.', 'Choose the other account to transfer to or + New payee.', 'For New payee choose Create new > Transfer > fill in Account name, BSB, Account number.']