Desi Consultants

Anyone here has hsbc savings account It is offering 2.01% APY

Reaction Icon Like
Arrow Icon
works at

Let’s say u send 10K last year when dollar was 65 ... that’s 650,000 INR. Wit interest it becomes ~700,000. But when u try to bring it back, it will ~9500$ - Transfer Fees.

Reaction Icon Like
like
Arrow Icon

Yes...go for it

Reaction Icon Like
Arrow Icon

Why don’t you open NRE account. It is 7% or more

Reaction Icon Like
Arrow Icon

NG1 - which account offers 7%? Also, when you send money to India you lose $ on the conversion to INR and also lose when you convert back to USD. So it's not the same. INR is depreciating every day too.

Reaction Icon Like
Arrow Icon

I have a yesbank nre. It gives be 6 percent. Fixed deposits give me 7.5 percent. How do you lose dollars transferring to india? You gain money. On transferring back sure.

Reaction Icon Like
Arrow Icon

Check kotak mahindra NRE. I am not planning to convert in USD and conversion was almost 74 rupees and it was a win in my book. Plus it is a tax free account

Reaction Icon Like
Arrow Icon

Related Posts

Best replacement for the Uber credit card? Got downgraded and looking for something similar to the old benefits.

like
Reaction Icon Like
Arrow Icon

What would happen if someone was interviewing for a role and accidentally passed gas, but otherwise crushed the interview? Has anyone experienced this before? No clue what I’d do as the interviewer

likefunny
Reaction Icon Like
Arrow Icon

*weekly post complaining about hiring discrimination against males*

likefunny
Reaction Icon Like
Arrow Icon

Delta Platinum members, what bonus do you choose? Very likely gifting Silver Status to my spouse.

like
Reaction Icon Like
Arrow Icon

I got a new role in Ohio. My SO is freaking out about the bedbug crisis there. Any tips of how to protect against bedbugs?

like
Reaction Icon Like
Arrow Icon

If anyone wants to join a boutique HR & Talent Advisory consulting firm, Kincentric is hiring for an Associate Partner role! Location doesn’t really matter, but preferably in IL, NY, or ATL.

like
Reaction Icon Like
Arrow Icon

Download the app for more exclusive discussions.