tag:blogger.com,1999:blog-7036721709697976873.post3825215649174830086..comments2023-09-01T23:33:35.514-07:00Comments on SavingsFunda: 5 Differences between NRE and NRO Fixed deposit -HDFC ICICI SBI Kotakjavin paulhttp://www.blogger.com/profile/15028902221295732276noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-7036721709697976873.post-86658734847242827112016-09-30T07:10:14.336-07:002016-09-30T07:10:14.336-07:00Are NRE interest taxable in Canada ?
Thanks
ArjunAre NRE interest taxable in Canada ?<br />Thanks<br />ArjunAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-54002853950402164322016-07-26T04:07:13.417-07:002016-07-26T04:07:13.417-07:00Government banks offer 7.25% for deposits up to 1 ...Government banks offer 7.25% for deposits up to 1 year and 7.5^% for deposits over 365 days. I use State Bank of India or Andhra Bank. As an NRI, having an account with a government bank also helps provide one address proof when renewing my passport, so it serves multiple functions.Krishnanhttps://www.blogger.com/profile/15355802212350330495noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-60520672023799247012016-07-26T04:05:12.865-07:002016-07-26T04:05:12.865-07:00I use State Bank of India or any government bank f...I use State Bank of India or any government bank for large FDs. The current rate of interest that the bank offers is between 7.25 to 7.5% for any deposits up to 365 days.The 7.5% is for those fixed deposits that are between 365 days and 2 years. Krishnanhttps://www.blogger.com/profile/15355802212350330495noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-17182276330235389582016-05-28T18:44:12.654-07:002016-05-28T18:44:12.654-07:00Sorry, what is KVB and SBH here? Never heard about...Sorry, what is KVB and SBH here? Never heard about them?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-21666578353932785282016-05-28T18:38:16.749-07:002016-05-28T18:38:16.749-07:00 KVB offers the highest 2% on FCNR , next SBH 1.8 KVB offers the highest 2% on FCNR , next SBH 1.8savitgodhttps://www.blogger.com/profile/16332302203456564216noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-67373999346946918522016-02-04T01:09:23.419-08:002016-02-04T01:09:23.419-08:00Which bank offers highest NRE FD rates? I want to ...Which bank offers highest NRE FD rates? I want to put Rs 50 lakh in NRE fixed deposit and looking for good bank with good NRE FD rates. Can you put a utility pleaseAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-11262099455562204802015-10-08T21:37:28.612-07:002015-10-08T21:37:28.612-07:00Bank can not deduct TDS on this 5 lac amount... th...Bank can not deduct TDS on this 5 lac amount... they are only authorized to deduct the TDS on the amount/interest you earn while your money in their account/bank.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-40970583347937026752015-10-08T21:33:47.269-07:002015-10-08T21:33:47.269-07:00One Important point...
Although interest earned o...One Important point...<br /><br />Although interest earned on FD in NRE account is not taxable in India but it is taxable in US. In India, Bank will deduct TDS 30.9% but in US you may have to much more than that as taxes.<br /><br />Interesting part is, you can claim back TDS deducted by the Bank by filing ITR. Upto 2 Lac or based on current exemptions as you may not have much earnings in India...<br /><br />Hope you would like the idea.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-32225518244447802002015-09-18T14:06:42.234-07:002015-09-18T14:06:42.234-07:00Very useful info. thank you.Very useful info. thank you.Brahmamhttps://www.blogger.com/profile/05918127641450112678noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-69669648021006642532015-06-27T19:16:23.567-07:002015-06-27T19:16:23.567-07:00@Anonymous, Tax will only be on capital gain not t...@Anonymous, Tax will only be on capital gain not the full amount and if you have sold your shares after 3 years, you don't need to pay any tax on this amount, but yes you need to file your income tax return. If that's not the case and you earned 5 lakhs as capital gain then also bank will not deduct as TDS. You can put some part of this money on ELSS and other investment vehicles to claim against section 80C. At the end, you need to pay tax on your taxable income.javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-55748899707986422512015-06-27T15:42:44.999-07:002015-06-27T15:42:44.999-07:00Dear Sir,
I am an NRI. Recently, a company share ...Dear Sir,<br /><br />I am an NRI. Recently, a company share in which I had invested some years back, sold out and they credited my share amount in my NRO SB. Initial investment was made when I am NRI only.<br /><br />Now will the bank deduct tds 30% on this 5 lakhs, which is 1,50,000/- huge. so how can I save this ? should I transfer the amount as gift to my parents or should I buy another equity linked policy? <br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-29255551985874600262015-04-13T10:30:26.778-07:002015-04-13T10:30:26.778-07:00Great article explaining subtle differences. All m...Great article explaining subtle differences. All my doubts have been cleared due to this clear articleAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-23526982071304387822014-10-05T21:46:19.922-07:002014-10-05T21:46:19.922-07:00really very useful,,thks for sharing.really very useful,,thks for sharing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-79929153901563731752014-09-20T21:52:13.331-07:002014-09-20T21:52:13.331-07:00Thanks @Anonymous, Glad to hear that you find this...Thanks @Anonymous, Glad to hear that you find this comparison of NRE and NRO fixed deposits useful.javin paulhttps://www.blogger.com/profile/15028902221295732276noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-14258117089454208532014-09-20T06:03:55.814-07:002014-09-20T06:03:55.814-07:00Perfect one. I really found very usefulPerfect one. I really found very usefulAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-21872362958230096642014-08-25T09:41:34.923-07:002014-08-25T09:41:34.923-07:00Good oneGood oneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-30627530357659838002013-09-10T22:58:13.490-07:002013-09-10T22:58:13.490-07:00These five differences between NRE and NRO are rea...These five differences between NRE and NRO are really authentic. My friend told me about this comparison and now I’m reading this post. It’s really amazing.<br><a href="http://www.wealthme.com" rel="nofollow">VCT</a>Anonymoushttps://www.blogger.com/profile/16008521496734261204noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-35756809581139870302013-08-17T04:30:41.514-07:002013-08-17T04:30:41.514-07:00I have found here much useful information for myse...I have found here much useful information for myself. Many thanks to the editors for the info.<br /><br /><a href="http://www.icicibank.com/nri-banking/money_transfer/money2india.html" rel="nofollow">Money Transfer</a><br />Anonymoushttps://www.blogger.com/profile/17310610511253302756noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-74670430412625350322012-11-06T22:49:49.930-08:002012-11-06T22:49:49.930-08:00In these times of uncertain returns, fixed deposit...In these times of uncertain returns, fixed deposits have become the most recommended banking instruments for financial savings. MMFSL's new Fixed Deposit scheme assures you of highly competitive interest rates with this low-risk investment.<br />Bonanza Portfolio Ltd, A leading Broking house in India brings you an Online Investment platform, http://www.bonanzafinmart.com/. Just make a one-time registration with us. In general terms investment means the use of money to make more money.This will keep a track of all the records and investments at one place which will help you to safeguard your investments.Anonymoushttps://www.blogger.com/profile/10476892778507082754noreply@blogger.comtag:blogger.com,1999:blog-7036721709697976873.post-81713335951654295282012-10-03T19:39:20.901-07:002012-10-03T19:39:20.901-07:00This is really good list to choose between NRE vs ...This is really good list to choose between NRE vs NRO fixed deposit. I didn't really know that there are two options for opening fixed deposit for NRI Indian and there is so much difference between NRE vs NRO fixed deposit. I heard about FCNR deposit as well, Can you also put similar points for NRE vs FCNR fixed deposit for 3 year tenorVikasnoreply@blogger.com