Things to take care before leaving India for long term foreign work

Discussion in 'Education & Personal Growth' started by asham1234, May 17, 2012.

  1. asham1234

    asham1234 New IL'ite

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    Hey thozhi's

    My and my hubby will be moving to US by end of June. Does anybody have a list of things to take care before leaving India for a long-term like

    1. Close some additional bank accounts
    2. Use expiring credit card points/rewards
    3. Close some (or all) credit cards

    Something like this which you might have prepared or something which comes to your mind?
     
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  2. Pranjjal

    Pranjjal Gold IL'ite

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    Hi asham,

    Set and activate all ur Internet passwards for online finance management like MSEB bill,Property Tax, Premium payment etc. If possible and feel needed make a power of attorney on the name ur parent or whom u trust the most if u will leave behind some imp work to be done. Sign blank account payee cheqs and give it to ur parent or the person u trust the most in order to make urgent payments. Pay off all ur bills there. If u r going to get US salary then create NRO/NRE bank account for NRI services. If u hv demat account then set up it for NRI. Think about ur gold/silver jewelry where u want to keep it in a locker or with ur parents etc. Make zerox copies of pan card/passport,driving license,latest photos etc and self attest them and hand it over to ur parents sometimes banks,insurance companies periodically demands these in India. If u hv loans make sure that u can set up direct debit from ur new NRO/NRE account. Chk maturity dates of ur investments and how the amount will get deposited after maturity etc. Make a copy of ur real estate papers if u hv any such property and hand it over to ur parent or trustworthy person if in case society need them. Think about the vehicles u hv what u want to do with it sell it or give it to someone to use. If u r going to keep it give keys to someone who can at least start periodically or empty the fuel tank and cover them. If u hv school going kids u need to go to school to talk to Principal. If I skipped something and remember afterwards I will add it. Time being go on........till the last moment u will feel Am I missing something.
    And make sure to see off everyone properly because u will surely miss them like crazy until ur nxt trip back to India.
     
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  3. asham1234

    asham1234 New IL'ite

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    Thanks friends.. Definitely useful.. [​IMG]

    Others, please add if you see anything is missing

    [​IMG]
    Asha
     

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