PharmingFIRE
Dryer sheet wannabe
- Joined
- Dec 24, 2012
- Messages
- 13
Hello All,
I am a long time lurker and have been obsessed with dreams of ER. My wife is Indian (now US citizen) and on a recent trip to visit the inlaws I saw that the Indian equivalent of "CDs" are paying almost 9% interest. That seems amazing to me. I have asked here in the States about investing in India and have gotten at best "I don't know" and in India I could not get a confident answer either. What I want to know is: How do I capitalize on this rate in India? What are the tax implications? How do get the money/interest back to the US? And, importantly, what if anything am I missing?
I would love to hear from Indian-Americans with some experience with this!
Thanks!
FR
I am a long time lurker and have been obsessed with dreams of ER. My wife is Indian (now US citizen) and on a recent trip to visit the inlaws I saw that the Indian equivalent of "CDs" are paying almost 9% interest. That seems amazing to me. I have asked here in the States about investing in India and have gotten at best "I don't know" and in India I could not get a confident answer either. What I want to know is: How do I capitalize on this rate in India? What are the tax implications? How do get the money/interest back to the US? And, importantly, what if anything am I missing?
I would love to hear from Indian-Americans with some experience with this!
Thanks!
FR