Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
Is it mandatory to change a single savings bank account (not a joint account with another resident Indian) to an NRE/NRO account if an Indian move to the USA?
If you’re planning to stay in the USA for an uncertain period, yes. You need to redesignate it as NRO.
...
Wazzeer Professional Network
ProfessionalIs it mandatory to change a single savings bank account (not a joint account with another resident Indian) to an NRE/NRO account if an Indian move to the USA?
-
Wazzeer Professional Network
ProfessionalIf you’re planning to stay in the USA for an uncertain period, yes. You need to redesignate it as NRO.
over 2 years ago
View answer
Is it mandatory to change a single savings bank account (not a joint account with another resident Indian) to an NRE/NRO account if an Indian move to the USA?
-
Wazzeer Professional Network
ProfessionalIf you’re planning to stay in the USA for an uncertain period, yes. You need to redesignate it as NRO.
over 2 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.