Yes, it is possible to transfer money from a normal savings account to an NRO account.
Nationwide offers two types of savings accounts. The first type is a normal savings account that comes with all of the regular features. The second type of savings account is the Holiday Club account. With the Holiday Club account all you do is make monthly payments into the account and it will save your money for the holiday season when you need it.
It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,
Money Market accounts are just like having a savings account, only they usually offer a higher interest rate than a normal savings account. Unlike regular savings accounts, Money Market accounts have limitation on how often you can make a withdrawal.
A cash ISA is somewhere you can keep your savings if you pay taxes. The interest earned on a cash ISA is 100 percent tax-free, as opposed to a normal savings account.
Business savings accounts can be opened at any normal bank that the customer does their private business with. If there are any special requirements, one could use a bank that does business accounts specifically.
please let us the procedure premier to normal savings account
I wat to transfer my account in vip account
In normal savings account, you deposit Indian money (rupee) and you can withdraw it in the same indian money. In nre account you can only deposit foreign currency and you withdraw indian currency. you cant deposit indian money in this account
Nationwide offers two types of savings accounts. The first type is a normal savings account that comes with all of the regular features. The second type of savings account is the Holiday Club account. With the Holiday Club account all you do is make monthly payments into the account and it will save your money for the holiday season when you need it.
It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,
Money Market accounts are just like having a savings account, only they usually offer a higher interest rate than a normal savings account. Unlike regular savings accounts, Money Market accounts have limitation on how often you can make a withdrawal.
The differences are:Savings account earn higher interest than current accountsThere are limits on number of transactions per year in a savings account but there are no such limits for current accountsCurrent accounts are used by businesses and companies while savings accounts are used by normal customers
It is a bank account where a person will make regular, monthly savings to build up capital. The savings or deposit account will not normally come with a card or cheque book and the savings in it will attract a higher rate of interest than a normal bank account. However you lose this high rate of interest if you withdraw your money suddenly or before a certain period,
It depends on the type of savings account you have. Usually banks don't expect a minimum balance if your account is a salary account. However, depending on the country and bank the number would vary. For ex: nationalized banks expect approximately Rs. 1000 for normal savings accounts while private banks expect much higher minimum balances.
A cash ISA is somewhere you can keep your savings if you pay taxes. The interest earned on a cash ISA is 100 percent tax-free, as opposed to a normal savings account.
The differences are:Savings account earn higher interest than current accountsThere are limits on number of transactions per year in a savings account but there are no such limits for current accountsCurrent accounts are used by businesses and companies while savings accounts are used by normal customers
If your last year's tax returns were a bit overblown, you may consider saving money with a Health Savings Account. Unlike a normal health care plan, all contributions to a Health Savings Account are completely tax deductible. Both principal and interest in a Health Savings Account grow tax free, and withdrawls for qualified health reasons are also tax free, unlike an Individual Retirement Account. Also with a Health Savings Account, any proceeds that are not used towards health related reasons can be withdrawn, also tax free, after age 65, for any purpose. Health Savings Accounts are known to save people anywhere from 33 to 40 percent off of their normal health costs over a period of 10 years or more.