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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.
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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 4 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 4 years ago
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