NRE Vs NRO Account In INDIA | As an NRI Why You Need These Accounts | Indian Youtuber In England
HTML-код
- Опубликовано: 5 сен 2024
- Hello Guys welcome back to another interesting video about
Title: NRE Vs NRO Account In INDIA | As an NRI Why You Need These Accounts | Indian RUclipsr In England
Hope you enjoy watching our video and please do like, share and subscribe to our channel for the support.
Please subscribe to our channel : / humtuminengland
GEAR We Use:
1. JOBY GorillaPod Kit : amzn.to/3opIt7h
2. JOBY GorillaPod Stand: amzn.to/3F807lS
3. Video Stabilizer Gimble: amzn.to/3B0xuEB
4. Video Shoot (iPhone): amzn.to/3uzfgYv
5. Mic: amzn.to/3utg1SQ
6. Video Editing device: amzn.to/2ZQ5hCX
7. Ring Light: amzn.to/3l1AmLS
8. iPhone Tripod: amzn.to/39V13vo
Liked this video? Please consider watching our other videos too
Parents Visit To UK Series: • Parents Visit To UK
1. Our Home Tour Video
• Our HOME TOUR In UK | ...
2. Couple Life In UK
• Couple Life In UK Vs I...
3. Christmas In London 2021
• Christmas In London 20...
4. Birmingham City University Campus Tour
• Birmingham City Univer...
5. Pros & Cons of Living In London
• LONDON Me Rehne K PROS...
6. Our Indian Kitchen Tour In UK
• Our Indian Kitchen Tou...
In this channel we upload videos related to UK travel & UK lifestyle vlogs to share life in UK, beautiful UK holiday destinations, UK informative vlogs, UK study videos in HIndi, Videos related to working in the UK, vlogs related to exploring British food, how Indians live in England and also the experience of buying a house in the UK.
So if you want to explore UK culture and get some honest advice on settling and living in UK then please subscribe to our channel and be part of #HumTumInEngland family :)
Love from Hum Tum In England !!
#IndianRUclipsrInEngland #IndiansInUK #HumTumInEngland
Keywords: Indian RUclipsrs In UK, Indian youtubers in London, Indian Lifestyle Vlogs UK, UK Hindi Vlogs, Indian family vlogs, Indian couple vlogs, Lifestyle Vlogger In London, Hindi Vlogger in UK, Indian vlogger in London, Indian Vlogger abroad, study abroad, International students in UK, International Universities
-------------------------------------------------------------------------------------------------------------
✦ For any personal/ business queries : gauravbattra@gmail.com
Connect with us on
✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸✸
✦Instagram page: / humtuminengland
✦Facebook page : / humtuminengland
✦Twitter page : / humtuminengland
-------------------------------------------------------------------------------------------------------------
♫ Music credits: RUclips Audio Library/ Epidemic Sound
-------------------------------------------------------------------------------------------------------------
IMPORTANT NOTICE:
There is no copyright infringement intended for the sound or picture used in this video. I don’t take any credits of any music or songs in my video.
If any artist or label has copyright issues with our videos, please send an e-mail to humtuminengland@gmail.com and we will remove that instantly.
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for Fair Use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research, Fair use is a permitted by copyright statute that might otherwise be infringing, Non-profit, educational or personal use tips the balance in favour of fair use.
For NRE- PIS Demat account and for NRO- Non -PIS Demat account. Non PIS demat account is suggested as the brokerage charges are less compared to PIS demat account and also a permission letter to RBI is also required.
Bro NRI account se Money kaise nikal skte hai india ka koi bhi Dokument nhi hai plz btana jarur 🙏
Thanks bhai.. Itne achche tarike se clear krne k liy..
Usa return form 1040 video may please be given in your RUclips channel for guidance of NRI who have pension income and bank interest income. Please show with practical in how income should be mentioned in which line
I have been following you guys since last year and it has been immensely helpful for my journey here to UK. I still get new information from you guys about living here and I just want to thank you guys for all the tips and tricks you guys provide! 🙏😊
Could you please also make a video on how to open nre account from uk????? I mean the process.....
Thank you
Good information
You’re videos are very informative. Especially this one!
Very well explained. Which account should we do sip from, NRE or NRO. N if want to mature mutual fund then which account n which will re sn interesti free
Very helpful, thank you so much
Thanks Gaurav bhai😊 I had no idea about this
Can we use NRI account for trading Or making SIP? And the return we make on that investment is taxable or not ? Because on NRE account is non taxable
Good information about PINS & non pins
Bro I want to know one things
I have been in uk from 5 years
But now I know about the fema rule
That’s why I am afraid to convert account from normal to nro.
Now . Can you pls advise me what should I do now ?
What is fema rule and can we transfer through western union as I worked in cash before so can I transfer that amount
Hello I paid 45$ for PAN of one of my client. i am having service issues with them. they were supposed to send me draft PAN application form on Thursday but no response. very poor and pathetic service. I do not know where to go and file compliant. I am badly stuck. Based on my recommendation client made the payment. Now i am not able to reply to my client.
Thank you for sharing a nice video
Very helpful information 👌 👍 😇
thank you .
Which is the best option for students who wants to send money every month to there own Indian account? Which is the best option NRE OR NRO OR Indian normal saving account??
Hello sir Maine galati se nri account apply kar Diya hai kya. Kru please help me sir ❤
Thanks for this informative video
Can you say from personal experience which bank have you opened ur nre and nro account as the bank i am using currently their customer service is not upto the mark
Very well explained 👌🏻👍🏻
Good
Hello Sir,
I am so glad that you are helping the needy one's
Thankyou for this.
Sir I am Facing an issue regarding this NRO account, actually our company is on retail business, we have received funds from an NRO account and against this we have exported the goods to US.
Now as RBI guidlines we need to close this issue in EDPMS and submit the shipping bill along with the FIRC copy (the proof of foreign currency inward in india) and i am unable to cope with the bank requirements like MT03 message of the swift and NOC, I want to know how the money flows from an NRO account to an indian CC account what are the channels involved in it so that i can avail my information.
Your quick response would be really helpful for me sir
Thank you very much in your anticipation.
Very informative video... I have seen lot of videos on this NRO/NRE. But urs is the best ❤
I have one doubt... What I can do with my existing Bank accounts in India. Can I keep them as it is..
Suppose I have 3 bank accounts in India. I can convert one account to NRO. What about other 2.
Please suggest
if you don’t need why keep it opened? You can close it!
instead of an NRE account, I can anyway send my UK income to any of the ordinary savings account in India via Revolut/Wise etc. Whats the benefit of having an NRE account separately?
NRE is to transfer and manage their foreign income earned outside India. On the other hand, an ordinary savings or current account is meant for regular banking transactions such as deposits, withdrawals, and payments.The funds in the NRE account can be freely repatriated (transferred) abroad, along with the interest earned, without any restrictions. In contrast, an ordinary savings or current account deals only in Indian rupees and can be used for transactions within India only. The interest earned on an NRE account is exempt from Indian income tax, while the interest earned on an ordinary savings or current account is subject to taxation.
Unique and important information
thanks for watching 👍🏻
तो क्या interest portion अगर nre account मे 2.5L से ज़्यादा earn हो एक FY में तो ITR भरनी पड़ेगी इंडिया में या नहीं? भले ही interest Earning non taxable ho? मतलब ये कि ऐसी interest income को itr भरके बताना पड़ेगा कि ये tax free income है nre account की वजह से??
Can we convert an existing savings account to an NRE account?
Can we invest in stocks and mutual funds through an NRE account?
If we have an existing Demat account & RD linked to the savings account, will it also be transferred to the NRE account?
The video is really amazing, thanks for this!
I have one doubt regarding NRO account. If we want to transfer money from our NRO account to our parents savings account - can we do that?
yes you can and thanks 😊
How can it be done? Normally through account transfer or UPI?
Thank you so much for this Information. It’s very helpful. What if I have a ongoing EMI in my Indian account. So should I convert that account into NRE or NRO?
ideally when you become NRI or get status of NRI you should confirm this to your Indian bank account so they can make necessary changes. You need to contact them and ask them if you need NRI accounts or not
Can u tell about the interest earned in NRE account by FD ? Do we have to show that income in UK ?
if u open FD or investment , interest /dividend income u should show to UK govt. as per rule n pay tax on it here.
thanks for the feedback 👍🏻
Not on NRE FDs I think. NRE FDs are not taxable.
@@rahulchawla20 i said, taxable in UK as per law 2016.
@@Pavis_Blog thanks for the insight, but is it upon maturity? Also, how about if one doesn’t bring any foreign income (including NRE FD interest proceeds) to the UK? What I heard is that if one doesn’t bring in the money from foreign income, it can be exempted from tax but then remittance basis tax kicks in if ever one brings any money later. Then, my question is - does remittance basis apply on assets accumulated before becoming UK tax resident?
@@rahulchawla20 NRE is taxable in UK as per your income tax slab rate if interest is more than 2000£ in a year regardless of remitted in UK or not.
Thank you for this.. Can u post something about IRA35 regulations in The UK please.... It's making my journey to move to The UK a little hard....
Thankyou for the video! Can you have NRE and NRO accounts I’m different banks?
Very valuable information.. would you please guide or make video on UK taxation and when and how to file tax return in UK?
If you are a UK resident, you will generally need to file a tax return if you have income from any of the following sources: self-employment, rental income, savings and investments, foreign income, or income from employment or pensions that is not taxed at the source. But If you are just doing a job then it will be done by your employer automatically
A person on a visa is not considered a Uk Resident?
I’ve got NRO didn’t realise I’ll have to pay 30% on TDS
مسٹر گورپ
ایک بات بتایئے کہ uk میں پراپرٹی خریدنے کلیے کیا طریقہ ہیں
دوسری بات
انڈیا سے اپنے اکونٹ sbi سے پیسے منگا کر uk اکونٹ میں پراپرٹی خریدنے کلیے کس بنک میں کھاتا کھلوانہ سیف رہے گا۔
براے مہربانی بتاے گورپ۔
Masha Allah Brother
Stay always blessed ❤
I want start my own business can you make video on how can start up small business thank you
Bro, well explanation. I have a question. I am mainly from Bangladesh, staying in the UK under tier 2 sponsorship. Initially, I have got three years visa. If I want to invest in mutual funds in India, do I have any option to invest in mutual funds?
Please let me know. Let me know.
Sir, MF/SIP/Shares kis account se purchase kare tax free rakhne ko?
very informative
Bro i don't have nre account but i transfer money from uae exchange to india bank account but that is my mother account not mine so is there any tax will apply
Sir I am working outside from.last 2 years but my company is paying me from India in indian account . So it is useful to me to open NRE or NRO account
But now transferring from indian account to Abroad, need to pay 20 percent tax from july 2023. Can anyone clarify on this
Can we fill 15g/15h form to avoid tax on FD interest in NRO
Lots of love both of you 😍💖❤❤
1st view sir
thanks 👍🏻
Hi
Is it possible to open NRE OR NRO account in country where we live like in UK AXIS BANK(UK BRANCH) ?
or is it also possible to open in India?
Thanks in advance
You can open it in UK only 👍🏻
what if we ooen both NRE and NRO? coz I recently went to a bank and they asked me to open both without any other maintenance charge. So is it good?
yes having both accounts is even better
@@HumTumInEngland thanks a lot. I appreciate you replied.
Which is the best nre account to open?
Is it possible to make a NRE account online from UK with SBI?
Hello Gaurav...We have the NRO and NRE account in HDFC bank and personal savings account in ICICI bank. Is there any issue if the monthly rent for our property in India is being paid into the ICICI savings account and not the NRO account? We are in UK. Thank you
You have to surrender your savings account as you are NRI now if you are in UK from six months. You must deposit money in NRO account. They can impose heavy penalty.
How long does it take to open an account for Indian bank account?
Sir sanu nre account pe income tex bale letter bej rahe ha
My mother in law who is 80 years old if she completes 182 days outside India will she be considered as NRI. Obviously this will be without business or job. Can she trade in Indian stock market? She has to stay in India for how many months to continue trading as Resident Indian. 60 days or 182 days. Pls clarify
We have NRI account in India, but he charged me interest when I put money in.
Which bank
NRE se 🇬🇧 uk bank me kitna charge lagta
Hello dears, first I would like to congratulate you on Avi's new channel. As I wrote earlier about my one doubt , please clarify it now that I have heard that banks do not give loan within first few years of moving to UK and some credit score is necessary. Could you please me guide how you proceeded with your home application
yes you are right.. as Avi was here since 2013 so we got it approved on that basis plus banks have new policies now for people on visas
@@HumTumInEngland Thanks a lot for your reply
Bro, let say I opened NRE account, So will I be able to transfer my money to other's chequing account who live there mean who dont have NRE account? Thank you
I have NRO AC IN INDIA CAN I CHANGE TO NRI??
Bhai,
Please help me to understand resident indian and non resident indian status. Does anyone who moves to another country become a non-resident on the day of landing?
If yes, it takes months to get all the necessary documents from abroad and the conversion of savings account to NRO will be delayed. Would that be acceptable?
If not then when to convert savings accounts to NRO.
When to open NRE account?
Thank you
How did you manage your PPF account after opening NRE NRO accounts?
We didn’t have any PPF account.. I think once you become NRI you cannot open any PPF in India and if you already have a PPF then after 15 years of maturity period you can’t extend it.
Interest lene ke chakkar mai jab india se foreign money mai conversion every year increasing. Don’t deposit in India.
Hello, If one moved to UK in Dec last year. So as per difinition of nri, he becomes an nri on 1 April 2024, and not 2023. Is that correct?
If you lived outside Bharat for six months in one go.
Thanks for the video. I have agriculture income, will 30% be deducted if I deposit it in NRO account.
No
wow
Hi I am planning to move to UK with my family. I'm a postgraduate doctor. Is the situation good to support my family of four as a postgraduate doctor?
Sir aap Bata skte hai work visa kaise milta hai post graduation walo ko mujhe work base par aana hai
Hello,
I am from Delhi, India and pursuing MSc User Experience Design student in UK. I am looking for internship for my placement year. Can you help in finding the internship or you know others who can help.
ek question hai bhai jaise nro me apne bola jo bhi erining karte ho tax banega par kitna % tax hoga . nro walo se jada tax lenge kya . ek normal indian ke comparison me
30% tax
If we already hv home loan in India and its ECS comes to our saving account then in that case are we allowed to transfer emi amount from NRE to normal saving account
Don’t think so! check with your bank where you have NRE account
Are transfers from nre to nro taxable? We have a house loan going on which we will be auto deducted from nro and the rent we will get will also be transfer to nro which is taxable. But the amount of emi is higher than the rent so we will have to transfer money from nre to nro. So just wanted to know whether that transfer amount is also taxable??
any interest, profit or earning you get will be taxable..
Im coming to the uk on work permit visa
Can i open the nre account before coming or after coming the uk
I have bank of india and icici n axis account which one you think is better
Just check with your bank and tell them that you will be moving country.. they will open NRE/NRO while you are in India. Axis & ICICI both are better in our opinion.
Bro can I get amount from parents account into NRE account and transfer it to my UK account to buy property? We want to transfer bigger amount to UK as gift . What are the best options for that ? 😊
not NRE but can do from NRO check with your bank about transfer and also compare it with our services like western union
@@HumTumInEngland Thanks brother, if you come to Newcastle let me know, I really want to thank you for all your help in our UK journey. You and Avi have been of great help! All blessings to you guys!
mera india mein property toh usko sell karne waala hoon so nro account mein amount leke tax deke usko nre account mein transfer karke nre mein fd kar sakta hoon for tax free fd interest in nre accounts?
You can not transfer money from NRO to NRE account. Check from your bank, but you can put money in FD from NRO account as well
Can anyone transfer to my NRE account my sister and I need to send each month for my parents but only I have OCI
Also which bank is best can I open from overseas online? Many thanks
Can we just transfer foreign earning in our Indian saving account and from that saving account invest in FD, share, mutual fund , bond etc? Or is it not allowed as per Indian law?
As per RBI Regulations, a Non-Resident Indian (NRI) cannot open and operate a regular resident Savings Account and further, any account should be converted into NRI Account by the bank before one gets NRI status. It is essential for an NRI to open Non-Resident External (NRE) or Non-Resident Ordinary (NRO) Account, to do any banking transactions in India. However, depending upon the transactional requirements of the NRI/PIO, he/she can decide to open either an NRE or NRO Account, or even both.
Ghar bethe kaise bna skte hai??
By contacting the Bank
Gaurav bhaiya india me konsa aaisa bank h jo 7-7.2% Interest deta h 🤔 me bhi ussi me account khulwa leta hu 😅
Mostly for NRE FD rates
hdfc de raha h
Can international students open this I’m doing masters in uk
Can't we transfer money from NRE Account to NRO Account?\
You can but not from NRO to NRE
Sir Ab kesi situation h uk ki job ke regarding
👍🏻
Hi...I m from indian i have got Offers from queen's mary university and birminghum university for masters in csc kindly suggest best one for cs
check the course modules and your interest along with jobs.. and then select the course.. in London the cost of living will be generally higher than Birmingham.. part time job perspective its same everywhere these days.. too much competition so it might take time to get it.. depends on how you apply, your skills etc
@@HumTumInEnglandthank you
❤❤❤
Hello sir please reply sir
Good information
Good
Thanks
Good information