He can open either NRE or NRO no problem. If he is interested in repatriation of the amount sent to India back at a later date he should opt for NRE, otherwise NRO. But interest earned in NRO account is taxable
Thanks and Regards
C.DURAIRAJU
C.DURAIRAJU
From: "'Sujoy Datta' sujoy.datta@rp-sg.in [worldmalayaliclub]"
To: worldmalayaliclub@yahoogroups.com
Sent: Monday, April 4, 2016 2:09 PM
Subject: RE: [World Malayali Club] NRE NRO Bank a/cs
Hello Friends,My son is working in an Indian IT company in Dubai. He gets his entire Indian salary in Dirhams and also gets local allowances in Dirhams. He wants to transfer some foreign currency earned in Dubai to India. What kind of account should he open in ICICI/HDFC bank in India, NRE or NRO ?I would appreciate your valued suggestions/advices.Sujoy Datta
__._,_.___
Posted by: "C.DURAIRAJU" <cdurairaju@yahoo.com>
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (5) |
Have you tried the highest rated email app?
With 4.5 stars in iTunes, the Yahoo Mail app is the highest rated email app on the market. What are you waiting for? The Yahoo Mail app is fast, beautiful and intuitive. Try it today!
.
__,_._,___
No comments:
Post a Comment