NRE Vs NRO Account In INDIA | As an NRI Why You Need These Accounts | Indian Youtuber In England

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Title: NRE Vs NRO Account In INDIA | As an NRI Why You Need These Accounts | Indian KZbinr In England
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[@Prixdas]

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! 🙏😊

[@Hussain-gf3dx]

Thanks bhai.. Itne achche tarike se clear krne k liy..

[@chinmaythakurdesai6208]

You’re videos are very informative. Especially this one!

[@yugankmarchande5491]

Thanks Gaurav bhai😊 I had no idea about this

[@MumbaikarZee]

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

[@arjunmahajan2537]

Very helpful, thank you so much

[@aviralbhatnagar6829]

Very well explained 👌🏻👍🏻

[@roxymacwan]

Very helpful information 👌 👍 😇

[@shilpaprusty3319]

Can u tell about the interest earned in NRE account by FD ? Do we have to show that income in UK ?

[@ankurrenukavlog5272]

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.

[@Bitcoin-15]

Bro NRI account se Money kaise nikal skte hai india ka koi bhi Dokument nhi hai plz btana jarur 🙏

[@harmeetkukreja8750]

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

[@jagatrawat1435]

Good information about PINS & non pins

[@PrivateArea-cr3gi]

Hello sir Maine galati se nri account apply kar Diya hai kya. Kru please help me sir ❤

[@Nav_channel]

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

[@mandarjoshi7089]

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

[@tanvisawant3052]

Could you please also make a video on how to open nre account from uk????? I mean the process..... Thank you

[@samiksammy]

Sir, MF/SIP/Shares kis account se purchase kare tax free rakhne ko?

[@helppoorhumanity.]

Masha Allah Brother Stay always blessed ❤

[@PrabhjotSingh-mf3bi]

Can we fill 15g/15h form to avoid tax on FD interest in NRO

[@vartikajindal5039]

Lots of love both of you 😍💖❤❤

[@majgenamilshori1586]

very informative

[@gireeshkokate4255]

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

[@nbruchira880]

Thank you for sharing a nice video

[@anandagarwal9827]

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.

[@jaw7788]

Thankyou for the video! Can you have NRE and NRO accounts I’m different banks?

[@sukhjotesingh9613]

How long does it take to open an account for Indian bank account?

[@harshilshah4455]

But now transferring from indian account to Abroad, need to pay 20 percent tax from july 2023. Can anyone clarify on this

[@johndavid7577]

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

[@santoshmhatre3196]

Good information

[@mbmbbs]

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??

[@shavindersinghdhindsa8119]

Unique and important information

[@HumTumInEngland]

thanks for watching 👍🏻

[@NikhilSingh-or9hx]

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....

[@simra621]

Sir sanu nre account pe income tex bale letter bej rahe ha

[@shrutibhakri1583]

Is it possible to make a NRE account online from UK with SBI?

[@monty5764]

Which is the best nre account to open?

[@pawandeepkaur-pb8sn]

Sir aap Bata skte hai work visa kaise milta hai post graduation walo ko mujhe work base par aana hai

[@sartajansariyt3375]

Sir Ab kesi situation h uk ki job ke regarding

[@jobymathew1323]

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?

[@HumTumInEngland]

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

[@Taranrbk]

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?

[@vijaygulab8204]

NRE se 🇬🇧 uk bank me kitna charge lagta

[@yesmanvini6521]

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

[@ramitsharma3773]

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?

[@InderjeetSingh-mb2ep]

If you lived outside Bharat for six months in one go.

[@subhasish17]

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

[@HumTumInEngland]

if you don’t need why keep it opened? You can close it!

[@AshwinSiva6832]

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?

[@archanadixit9918]

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.

[@vishhal3992]

Very valuable information.. would you please guide or make video on UK taxation and when and how to file tax return in UK?

[@HumTumInEngland]

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

[@illusions9605]

A person on a visa is not considered a Uk Resident?

[@puneetkumar-nb2qf]

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

[@HumTumInEngland]

30% tax

[@minaxibenpatel5409]

Usa return form 1040 video may please be given in your KZbin 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

[@EUROPA254]

Can international students open this I’m doing masters in uk

[@priyawilson2148]

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

[@InderjeetSingh-mb2ep]

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.

[@mohammadsamikhan1840]

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.

[@user-cl6mq9gs2h]

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

[@SarangaVlogs]

Good

[@amitsethi0843]

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??

[@HumTumInEngland]

any interest, profit or earning you get will be taxable..

[@saikatchowdhury173]

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?

[@HumTumInEngland]

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.

[@prasadjadhav4487]

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

[@HumTumInEngland]

Don’t think so! check with your bank where you have NRE account

[@mehuldarji4277]

I want start my own business can you make video on how can start up small business thank you

[@vasudevsagwal661]

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

[@HumTumInEngland]

You can open it in UK only 👍🏻

[@ivinitmittal]

👍🏻

[@anuvireshsankh2071]

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

[@HumTumInEngland]

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.

[@pixie_angel8]

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

[@HumTumInEngland]

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

[@pixie_angel8]

@@HumTumInEngland Thanks a lot for your reply

[@mohsinvohra6895]

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 ?

[@ManpreetkaurSidhu-st7fy]

What is fema rule and can we transfer through western union as I worked in cash before so can I transfer that amount

[@JayPatel-ml2oz]

wow

[@vikramshree6009]

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?

[@HumTumInEngland]

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.

[@KaushikDe-xm9yf]

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?

[@HumTumInEngland]

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

[@saurabh_kanjilal]

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?

[@HumTumInEngland]

yes having both accounts is even better

[@saurabh_kanjilal]

@@HumTumInEngland thanks a lot. I appreciate you replied.

[@OnaneverendingTrip]

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?

[@HumTumInEngland]

yes you can and thanks 😊

[@OnaneverendingTrip]

How can it be done? Normally through account transfer or UPI?

[@sartajansariyt3375]

1st view sir

[@HumTumInEngland]

thanks 👍🏻

[@Lizzylove268]

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

[@ykakde]

❤❤❤

[@harjindersekhon]

Thanks for the video. I have agriculture income, will 30% be deducted if I deposit it in NRO account.

[@apurbaghosh5046]

No

[@KANHA1601]

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??

[@surbhichetwani9872]

How did you manage your PPF account after opening NRE NRO accounts?

[@HumTumInEngland]

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.

[@tariqparvaiz9518]

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

[@HumTumInEngland]

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

[@tariqparvaiz9518]

​@@HumTumInEnglandthank you

[@Pavis_Blog]

if u open FD or investment , interest /dividend income u should show to UK govt. as per rule n pay tax on it here.

[@HumTumInEngland]

thanks for the feedback 👍🏻

[@rahulchawla20]

Not on NRE FDs I think. NRE FDs are not taxable.

[@Pavis_Blog]

@@rahulchawla20 i said, taxable in UK as per law 2016.

[@rahulchawla20]

@@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?

[@karankkrj]

​​@@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.

[@DixonRobert]

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 ? 😊

[@HumTumInEngland]

not NRE but can do from NRO check with your bank about transfer and also compare it with our services like western union

[@DixonRobert]

@@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!

[@vijaysaimahajan6149]

Can't we transfer money from NRE Account to NRO Account?\

[@HumTumInEngland]

You can but not from NRO to NRE

[@mahafeezislami9618]

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۔

[@vikas.sangwan]

Gaurav bhaiya india me konsa aaisa bank h jo 7-7.2% Interest deta h 🤔 me bhi ussi me account khulwa leta hu 😅

[@HumTumInEngland]

Mostly for NRE FD rates

[@puneetkumar-nb2qf]

hdfc de raha h

[@ArjanSingh-ru5zj]

Ghar bethe kaise bna skte hai??

[@HumTumInEngland]

By contacting the Bank

[@gurmukhsingh5905]

We have NRI account in India, but he charged me interest when I put money in.

[@user-ee9mx1xg1k]

Which bank

[@PrivateArea-cr3gi]

Hello sir please reply sir

[@aminullahkhan867]

Good information

[@brijsVlogs]

Good

[@HumTumInEngland]

Thanks