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illusionist581
How can I transfer money from India to USA.?
I moved to the US and am on Green Card. I want to transfer my savings from an Indian Bank to Bank here in the US. Is there any legal issue? Is there any max limit. What are the different ways to transfer? And are there any tax issues.
                     
 




helpaneed
Rating
In totality it appears that you are an Indian National with Rupees account in Indian Bank, wish to transfer your money to US. Since the quantum of money is not mentioned, I can only say that subject to fulfilling certain conditions, you may remit not more than US $ 25,000 in a financial year. For taxes, if the money is your savings after having paid income tax on it, no major tax issue is involved. If the money lying in your bank account is an income derived from some source and is subject to income tax, you are supposed to complete your taxation obligations first. Otherwise, a service tax on bank commission and charges for remittance is to be paid, which is 12.24% on bank charges/commission amount as on this day.

It would be advisable to speak to the bank where you have an account.

There could be other illegitimate ways involving risks on many counts.


poornima j
Rating
i transfer money from india to usa thru those bank which is convert mony doller to Rupees and rupees to doller, i used to UTI bank of india.


shuvadip d
Rating
yes....


Smile- conquers the world
Rating
western money trsf


REnate
Rating
No legal issue. You can wire tranfers the money. You call you bank in India and tell them you are going to do this ask them to wire the money and give them the routing number, bank account, you name address and so fort of the account here in the USA. Call your bank in the US to find out all the information you need for the Bank in India to wire the money to you. Do y ou have someone in India who is on the account who can go and sign the paperwork at the Indian Bank? Find out if you need to be there or if someone can do for you.


Common Sense
Rating
No problem at all..
Use a bank wire..
Wire from your bank in India to your bank in USA..
Any amount...No taxes..


kasturi_kaali
Rating
Now a days so can see so many visa cards and Master cards.I think u will de holding Visa card of ur indian account if not u can arrange it with the help of ur friends.and u can easily draw the money with that card all over the world.Now ATM facility is well developed so it will be easy for u to trasfer money from india to any other country


alkesh831
Rating
citybank.


shabina a
Rating
simple please contact to money transfer.com


patlolla p
Money can be transfered to USA through Globalised Master Visa Credit Cards while converting money to US Dollars. Which is subjected to Income tax rules and eligibility of the transferee.


dr. surendra muralidhar kulkarni
think reverce way. transfer money to India from USA.


sowmya_grn
Money is just a tool of exchange to satisy a basic need. Your interest is to transfer money from india to the U.S. You buy something in the U.S. and give the shopkeeper dollars. Both of you are satisfied. Similarly you withdraw money from India through an international account and help the Indian bank by recommending a new customer for it.


MSM S
Rating
by our profession!... i,mean through our jobs!! aim {w}right?!.


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