Nri accounts

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Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2012 I'm a Indian citizen & have recently moved to US (Oct 2011). Do I need to convert all my bank accounts to NRI account or I can continue to keep them without converting? If I need to convert them to NRI account when should I do the same?

CA. Krishna K Neeraj

CA. Krishna K Neeraj (Expert)
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30 January 2012 If you have moved to US, you should convert your bank account to NRO or NRE accounts as the case may be

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O.D.SHARMA

O.D.SHARMA (Expert)
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30 January 2012 Hi,
If you are intending to be there,Better convert them to NRO & Parallel NRE will be opened by same bank.Almost all branches of Good Banks are around the world.simply visit any overseas branch .

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