I'm moving to uk next month, and this was really helpful

@DesiCoupleinLondon

2 жыл бұрын

Thanks Omar. All the best

@latifkhan535

2 жыл бұрын

Are you in UK now?

1. Do you have any suggestions on where to get documents in UK attested for reasonable cost to open NRO/NRE bank accounts? 2. How did you go about getting your documents attested in the UK? It seems very expensive. 3. Did you open the NRO/NRE accounts while in UK or when you visited India? Many thanks for making this video. Its an important topic. If you can make a follow-up video on your experience with NRE/NRO account opening, what documents you submitted etc that would be great. If you trade in shares what did you do about demat and trading account etc.

@DesiCoupleinLondon

2 жыл бұрын

India cheapest option but try checking with ppl in iil group may find someone reasonable here

@abroadxstories

2 жыл бұрын

Hey, I opened my HDFC NRI/NRO account in December 2021, and the post office attenstion service is not too costly. I had to attest to only my passport as per the HDFC bank account rule, and it was 12.75 pounds in my city(Oxfordshire). And the whole bank account opening procedure was online, and I was here in UK. I have tried many banks, so I suggest using HDFC bank service. They are really helpful, and you don't need to visit India. I hope this helps.

@viv715

Жыл бұрын

@munishkuvadia2080: I'm at the same stage where to get document attested in UK How did you get it done ? if you could share your experience that would be great help, Thank you

@munishkuvadia2080

Жыл бұрын

@@viv715 I haven't made any progress on this front. I think its easiest to do it when one visits India than try to do it from a foreign country.

@bhavikatalaisa2244

Жыл бұрын

@@munishkuvadia2080 no u can easily open your account staying in UK too for account opening process plz drop your whatapp number will revert on that

Thank you so much for making this video.. this was very helpful for me as I am traveling to UK in next 2 months

@DesiCoupleinLondon

2 жыл бұрын

Cool thanks smitha and all the best

@smithanarayan9217

2 жыл бұрын

@@DesiCoupleinLondon Thank you ✨😊

This is very helpful and so are your other videos. Keep up the good work and thanks a lot

@DesiCoupleinLondon

2 жыл бұрын

Thanks Dileep

Helpful information. Thanks for sharing. Is there any mandate for a person to declare that he/she is now NRI. If they are paying Tax in UK , they need to clear any formality to not pay tax in India as well ? How does this NRE/NRO account comes into picture - means why not to keep the account as it is ?! Asking because we haven't come across any rule where we need to convert account or make a declaration about NRI . We really appreciate the value you are adding through your vedios. Thanks again.

@DesiCoupleinLondon

2 жыл бұрын

Will make a second part

Hi, I have one doubt , it will be very helpful if you could answer. I have shares and Mutual fund which is linked to my indian saving account, and what could be the procedure if I want to transfer to my NRE/NRO account? Thank you in advance.

@DesiCoupleinLondon

2 жыл бұрын

Check with your bank they will be able to help better

@abroadxstories

2 жыл бұрын

@@DesiCoupleinLondon Sure! Thank you for the reply.

Thanks for the informative video. Had a couple of doubts, if you can answer them would be great! 1. Can the current auto-debits (like SIP or loan EMI) from the savings account still continue when converted to a NRE / NRO account? 2. For sending money to parents back in India, if we deposit in our NRE account, can they withdraw using normal debit cards? Or it is better that we deposit directly to their account for their use?

@munishkuvadia2080

2 жыл бұрын

1. Use NRO account for auto-debits. Don't use NRE for that. Use NRE only if you don't want to open NRO 2. You don't need to open NRE account to send money to India. Its better to send directly to bank account of your parents using service like Remitly, xoom etc.

@abroadxstories

2 жыл бұрын

@@munishkuvadia2080 I have also one doubt regarding the SIP/shares - can we directly switch from indian saving account to NRO? Is there any restriction on SIP or shares which is linked to NRO account(For me, I have SIP and if I switch to NRO and withdraw it, is there any rules or extra taxes apply while withdrawing)?

@munishkuvadia2080

2 жыл бұрын

@@abroadxstories The process is too complex to explain in a comment. You will have to google/youtube and do your own research.

I have invested in SIP / stocks. It is automatically deducting from my Indian bank account. Is it mandatory to make a NRO account? What are the cons for not having a NRO account?

@khushpatel4334

2 жыл бұрын

I want to invest stocks via SIP , already investing stocks from parents account, So are you using your saving account or u opened NRE or NRO.??

@kdjimmy103

Жыл бұрын

@@khushpatel4334 to open nre account you have to stay outside of country for more than 200 says

@r.bhanu31

Жыл бұрын

​@@kdjimmy103no need If you live out side of India U can apply for nre/nro Account from ICICI Bank If you live in London you can go east ham Branch

It's very helpful those who move uk amazing

@DesiCoupleinLondon

2 жыл бұрын

Thanks 👍

The way you explained the things very clearly that’s what makes your channel unique than others Thank you so much…🤗 Can you please also make one video or provide information on how we can send money to India via apps or some means plz?

Very helpful video.thank u

@DesiCoupleinLondon

2 жыл бұрын

Thanks. ☺️

Great content, I have a couple of questions 1. Should i convert all my savings account to NRO or one of them is good enough whichever is the most active? 2. What about FDs that are already in residents account, they need any type of conversions? 3. How to transfer big sum of money from Indian savings account to an NRE which later we can transfer to an aboard account?

@Abheykyu

Жыл бұрын

Great questions, even I want to know answers to these questions. Please let us know if you find answers to your questions.

@SahilAnand

Жыл бұрын

@@Abheykyu Answer to first two questions is yes you need to convert everything to NRO account. But if you do not plan to stay abroad forever do not convert them until it is needed

Very valuable information, thanks bro

@DesiCoupleinLondon

2 жыл бұрын

🤝

Thanks for making this vdo on my question asked in comments on one of your vdos. How can I carry my savings in INR say 10 Lakhs to use in UK, once I will be there on Tier 2 General with my family by end of 2022 ?

@munishkuvadia2080

2 жыл бұрын

Use a travel card from ICICI, HDFC etc

Sir pls make a video on india ca lifestyle in london like their salary package, accomodation, facilities provided by company or landlord, and benifits of doing job in london. Sir i request u to make a video on this topic because i requested u so many times and u also ans me in yes but still u don't make any video on this. Sir its my humble request pls make a video on this topic 🙂🙂 🙏🙏☺️☺️😃😃

@DesiCoupleinLondon

2 жыл бұрын

Thanks for your request, we have some videos in pipeline. We will try to make something on this topic please have patience.

@sanjnasingh2963

2 жыл бұрын

@@DesiCoupleinLondon ok sir thanks for ur reply ☺️☺️

Hi bro can you plss come with this topic that should girls come single or after doing marriage what you think about it and offcourse how difficult it will for unmarried girls . And offcourse can we study well if we have zero previous knowledge

Very help full information

@DesiCoupleinLondon

2 жыл бұрын

Thankyou

I just gave example of pension. Are all credits (rentals,dividends , pension etc ) taxed @ 30 percent or only nro savings interest is taxed at 30 percent.

NRO account sey 30% tax deduction ka matalab Kiya hay. Paheley residential account sey Jo sip key paisey jatey thhey orr lic premium, mediclaim Kay premium detey thhey unka kiya hoga, residential sb account,NRO account mey covert karney par old savings in rs. Unka kiya hoga..Agar aap kripaya karkey inkey baremey kuch kahey to upokri hoonga..

Brother NRE account se hum kisi relative k normal saving account mei transfer kr sakte hei kya ? Is it possible?

Thank you for this very timely and valuable video, Nitin! Are we allowed to transfer money from NRO to the UK bank account after moving? Does it attract any tax in the UK if we have already paid tax on that money in India?

@munishkuvadia2080

2 жыл бұрын

Its a big headache to transfer money from NRO to UK foreign bank account. You have to fill two forms of which one has to be submitted by a CA.

@krishnakhanna27

2 жыл бұрын

@@munishkuvadia2080 So what can one do about the funds in India if they can’t use them here after transfer?

@munishkuvadia2080

2 жыл бұрын

@@krishnakhanna27 Its a good question. I don't know the answer

Nice info. Pl let me know being outside the country how to open NRO and NRE accont.

Agar may UK sift korna chahata hu to mujhe konsa account khulna haii Muja permanent sift karna chata hu Ghar kharitna chahata hu muja konsa account khulna chahiye? India ka money uk may move karna K liya konsa account best hai please reply.

This was really helpful!

@DesiCoupleinLondon

2 жыл бұрын

Glad it was helpful!

Very good suggestion sir

@DesiCoupleinLondon

Жыл бұрын

thanks

Rents earned in India, tax is paid in US or UK ?

Very well explained

@DesiCoupleinLondon

Жыл бұрын

Thanks

I have accounts in HDFC and SBI. Should I get both my bank accounts converted to NRO accounts?

Mere pas NRE account hai to kya maine apne NRE account se Indian ordinary account(NOT NRO) me paisa transfer kar sakta hun waha se bhi kharch kar sakta hun na Mere pass India me koi income nahi hai

Is bank makes any diffence in NRE, NRO etc like if anyone open account in PNB or SBI does this makes difference and Can we covert Saving account ot NRO ?

@DesiCoupleinLondon

Ай бұрын

different banks has different process some do it in person please check with your bank

Very helpful video

@DesiCoupleinLondon

Жыл бұрын

Thankyou

very informative sir

@DesiCoupleinLondon

2 жыл бұрын

😊

Thanks for the video. I have a question, I have money in Rs. In my savings account, I want to take the money abroad. Whether I should take it through nre or nro?

V good information sir

@DesiCoupleinLondon

2 жыл бұрын

Thankyou

what happens to existing investment like mutual funds etc linked to a saving account which gets converted to NRO/NRE account

@DesiCoupleinLondon

Жыл бұрын

you can still continue that

Requirement of converting existing SB account to NRO account is governed by FEMA and as per this law, when person leaves India for employment he immediately becomes NRI

Hey! Thanks for the video If we are travelling to UK now, we won’t be NRI until we stay 183 days in a year. Would the NRO and NRE account only open after that?

@DesiCoupleinLondon

2 жыл бұрын

Yes I belive so but do check with your bank they can guide better.

Good information 👍

@DesiCoupleinLondon

2 жыл бұрын

Thankyou

Sir, NRO and NRI account ke debit card bhi hote hain kya? Agar in accounts me har month paisa aa raha hai to kya family members us paise ko India me debit card se nikal sakte hain ya kis dusre tarike se ye paisa use kar sakte hain.

Bro can u plz tell me ,if i don't open nro,nre account and directly give money to my parents in India and then they do sip on their own account, is this possible?????

@DesiCoupleinLondon

Жыл бұрын

NRO is required for any saving account that you have. but you can also transfer money to your parents and they can do what ever they want with it.

@incubus7340

Жыл бұрын

@@DesiCoupleinLondon okay thank you

Thank you Desi couples for all your videos. I moved to London 2 weeks back, have few queries Can we open NRE, NRO account while in UK? I can see ICICI, SBI UK branches available in East ham, can I go and ask them directly if they can do this ?

@DesiCoupleinLondon

2 жыл бұрын

Yes

What happens if I don’t convert my Indian accounts?

I am moving abroad as a student from this April for long term I had my savings account in India 1.When exactly in earliest i could convert it to NRO? 2.As per FEMA you consider NRI of you start 182 days outside of country in one fiscal years right would that mean I will become NRI after 31 March next year as it a fiscal year or I will become NRI in October this year's as it will be 182 days Please Answer me as bank employees literally can't give a convicted answer

@DesiCoupleinLondon

6 ай бұрын

you can do that asap and you are cnsidered NRI when you spend 182 days outside india in one fiscal year from i.e april to march

@otakua4666

6 ай бұрын

@@DesiCoupleinLondon thanks for the answer

NRE fixed deposit - what is process if we bring money into uk

Mutual fund mein agar invest kiya toh with nro account kaya baad mein mutual fund k return par v 30 % tax lagega kaya???

can we pledge NRE account and take loan against it?

Sirf dollar ya pound hi kr sakte hai riyal ya dinar nhi kr sakte hai plzzz reply kijiyega

Sir sapose if I opned nro account bank will give a housing loan?and what documents require to open nro account?

Can I come to the UK for MS because I have done an online BCA course? They accept my degree if they accept so which university accepts? I am preparing for GRE and IELTS as well. Please help me, sir I don't know what should I do?

@trendycreativefashionideas

2 жыл бұрын

kzread.info/dash/bejne/fYdqmrmMgsaXhKg.html

@r.bhanu31

Жыл бұрын

Dis you get admission in London If not I can help you

Very thankful for explaining. I have one query, can we convert back our account back to normal accounts when we return to india .

@DesiCoupleinLondon

Жыл бұрын

yes you have to show proofs

Great content. Thanks for this. I have one question. When I convert my Indian regular savings account to NRO/NRE. How will I be able to pay my existing EMI'S which was being deducted from my savings account. Consider the fact that I have no indian source of income and I will be sending only foreign income to NRE account.

@DesiCoupleinLondon

Жыл бұрын

Yes you can

@HIFI40

Жыл бұрын

@@DesiCoupleinLondon Sorry, but your response is not clear

What if you dont open these accounts. I dont see any problem yet...

Can we use nre account abroad for shopping or withdrawal cash

@DesiCoupleinLondon

2 жыл бұрын

yes but that money will be in rs and you will have to pay remittance

@kshitijjain2604

2 жыл бұрын

@@DesiCoupleinLondon what percent of money is charged as remittance

Hello sir mai spai mein hoon mai apne nre account mei deposit kaise kar sakta hoon?

Which bank is good for NRE account? Please suggest

@DesiCoupleinLondon

Жыл бұрын

hdfc icici

Exactly what taxes does NRO account incur. For ex. ,Do they deduct 30% on the pension received or is 30% deducted on interest on nro savings

@DesiCoupleinLondon

Жыл бұрын

sorry which pension you are talking about

Bro otp Indian phone number pe ayenge toh NRE or NRO m hum number bahr vala b la sakte

@DesiCoupleinLondon

8 ай бұрын

yes

one more question can we operate indian saving account in the overseas if our status has changed from resident to NRI

@DesiCoupleinLondon

7 ай бұрын

Indian saving account to transact money to overseas you mean?

@manuengg001

7 ай бұрын

@@DesiCoupleinLondon no no indian saving account use in india through different banks internet banking but all things we operate in overseas than india

I have an existing saving account which I use for home loan emis, should I convert this into NRE account? if I send money every month for the same purpose. plz help

@swapnild1594

Жыл бұрын

Existing saving account should be converted into NRO account and not NRE account

Can we convert my current savings account to NRO account

NRO to NRE transfer is allowed totally after few documentation

Hey, Great videos guys! Super helpful! QQ - Are you guys aware what happens to your pension and pf when you move from India to UK for work? Can you transfer it?

@DesiCoupleinLondon

Жыл бұрын

nope you cant transfer from india to uk

What will happen to UPI once it get saving ac converted to nro or nri

@DesiCoupleinLondon

Ай бұрын

UPI started for NRIs

@jinenderthakur8116

Ай бұрын

@@DesiCoupleinLondon I want to open with HDFC but customer service not getting connected to clear my doubts , pls clear i want debit cards to deliver in Indian address and want my indian number for transaction due to UPI please guide me becuase in forms there is nowhere mention of card address

This is very helpful. Thanks for the video. I have 1 query, lets say I am NRI in 2022-23 financial year, what will happen to my FD which were open in 2021 and are about to mature in 2024? Will that be taxable or any special treatment on maturity since I am an NRI?

@DesiCoupleinLondon

Жыл бұрын

Yes But you can claim money back in tax return

@RavinderSingh-zx3ho

Жыл бұрын

@@DesiCoupleinLondon Thanks for quick reply guys. Appreciate it 🙏

Thank you so much for your video. I wanted to ask that if I have to send money to my parents, should I first deposit in an NRE account from where they can withdraw or directly into my parents bank account?

@DesiCoupleinLondon

Жыл бұрын

Directly in your parents is also fine as you dint have to move money twice

@namitbansal9895

Жыл бұрын

Thank you so much

Sir, Is it necessary to convert existing savings account in india to nro account , if we want to open an nre account. Or we can directly open a nre account?

@ashishsajwan

Жыл бұрын

It not mandate but it will be good to use the existing saving account to convert NRO, and First NRO account will open and then the NRE account can open in banks

nre account main jo pound send kregy fir india currency ko saving account main ya phone py google pay ya sab kr skte hai na?

@DesiCoupleinLondon

7 ай бұрын

NRIs can activate UPI by linking their international mobile numbers to their NRE or NRO accounts. The NRE or NRO accounts must be KYC compliant. The member bank must also ensure that the KYC process is done as per Indian laws, including the Foreign Exchange Management (FEMA) Act

@manuengg001

7 ай бұрын

@@DesiCoupleinLondon my all kyc is complete and they send me kyc certificate on emails. i linked my NRE account with UPI through my indian number because i am using in the UK now my phone pay is linked with NRe account

Nice video

How can I transfer my money in India to UK account after moving?

@DesiCoupleinLondon

2 жыл бұрын

You can do from nro

@kshitijjain2604

2 жыл бұрын

@@DesiCoupleinLondon Thanks a lot!! But does it charge cross currency conversion commission?

@rahulchawla20

2 жыл бұрын

@@kshitijjain2604 You can move money from NRE also. Exchange rates will of course be applied. I am not sure of GBP, but for USD, I pay about INR 0.70 per USD to HSBC and I pay Zero transaction fee as I am Premier with them.

Hlo bhai NRM uk kya hai plz bataoo

Can you please also make a video how to bring money from India to UK?

@DesiCoupleinLondon

2 жыл бұрын

sure

Whether existing resident account of nri need to convert to nro?

@DesiCoupleinLondon

2 жыл бұрын

Yes

Can I send money from NRE to any others saving acount please rply

@DesiCoupleinLondon

Жыл бұрын

! NRIs can transfer funds from their NRE (Non Resident External) Account to their NRO (Non Resident Ordinary) Account. An NRE account allows you to transfer funds to another NRE account as well as an NRE to NRO fund transfer.

Sir mera abhi canada ka visa aaya hai to abhi india me nre account open karau ya phir canada jake open kru?

@DesiCoupleinLondon

2 жыл бұрын

check with your bank its easier and cost effective to do in india

Income tax is 30 percent fixed in nro account

Bro main January in take mein uk aa raha hun to mera SBI mein account h main us se NRE mein convert kra sakta hun ?

@DesiCoupleinLondon

2 жыл бұрын

yes you can ask to open NRO NRE

Can we transfer back amount to UK bank from NRE account?

@DesiCoupleinLondon

Ай бұрын

yes

@sagrisharma4637

Ай бұрын

Thanks for confirming. Is there any charges or deduction that applies?

Hi. Will the interest rate generated in FCNR be taxable under UK laws?

@aankita30

Жыл бұрын

following

@aankita30

Жыл бұрын

which account is better FCNR or NRE

UPI like phonepe, gpay transactions ho sakta hai kya

@DesiCoupleinLondon

Жыл бұрын

Han you need to get your international roaming on so that you can send message from uk

Sir after creating an account in uk... If my mom has a nre account in india... Can i tranfer it to her account without any tax

@DesiCoupleinLondon

2 жыл бұрын

you can send money to parents account as a gift no tax will be there.

@henryshirlysharlet515

2 жыл бұрын

@@DesiCoupleinLondon thankyou sir

You failed to mentioned how NRI send money to resident Indian?

@DesiCoupleinLondon

2 жыл бұрын

Another video

NRO to NRE is permitted upto 1 Milion Dollar

I have nro account India can I deposit cash money by my hand in my account 🌹 please reply me ❤️

Just one question. If i open NRE account is am eligible to apply for Personal loan on behalf of NRE account?