Aadhar Card Issue

Discussion in 'General Discussions' started by Caughtinbetween, Oct 13, 2017.

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  1. Oct 22, 2017 #11
    armummy

    armummy Platinum IL'ite

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    NRI's should not be having normal bank accounts . They should be converted to NRI accounts .

    Ask your family to contact local branch and get t converted to NRI account, I don't these need Adhaar card.
     
    armummy, Oct 22, 2017
    armummy, Oct 22, 2017
    #11
  2. Oct 23, 2017 #12
    Caughtinbetween

    Caughtinbetween Gold IL'ite

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    thank you all ...i will come back to reply in just few hrs.
     
    Caughtinbetween, Oct 23, 2017
    Caughtinbetween, Oct 23, 2017
    #12
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  3. Oct 23, 2017 #13
    Laks09

    Laks09 Moderator Staff Member IL Hall of Fame

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    Yes. You can convert it to an NRO only because it’s a rupee account. Yes, you have to pay tax each year. For that reason it’s best not to maintain high balances in your NRO accounts. I don’t know if there is a way out other than maintaining a balance that doesn’t gather interest which becomes taxable. Either way, it’s always good to file taxes in India if you have bank accounts there.
     
    Laks09, Oct 23, 2017
    Laks09, Oct 23, 2017
    #13
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  4. Oct 23, 2017 #14
    SunPa

    SunPa Platinum IL'ite

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    I think NRO/NRE accounts need a PAN card.

    When converting existing account it can only be made NRO.
    But you can open an NRE account too, and future remittances from a foreign country can be made to this account.
     
    SunPa, Oct 23, 2017
    SunPa, Oct 23, 2017
    #14
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