Hi, I need some advice.

Currently I am in US..

I have savings account with icici and I wana take a loan against that account, so should i get this account chnaged to NRO? whats the difference between nro/nre accounts..and which one should i go for...I will be in US for some more time and then i will be back to india and will then use this account as salary account.

Can i transfer funds from US to this nro account?

which is a better option..changing the present savings account to nro or opening a new nre account?also what would be tax/service charges/any extra charges in this nro/nre account as compared to the normal savings account?

What did the bank say? You know they have phones now and you can call them up and ask them, right?
RatanKumar said:Hi, I need some advice.

Currently I am in US..

I have savings account with icici and I wana take a loan against that account, so should i get this account chnaged to NRO? whats the difference between nro/nre accounts..and which one should i go for...I will be in US for some more time and then i will be back to india and will then use this account as salary account.

Can i transfer funds from US to this nro account?

which is a better option..changing the present savings account to nro or opening a new nre account?also what would be tax/service charges/any extra charges in this nro/nre account as compared to the normal savings account?

RatanKumar said:I am looking for some wise suggestions...like someone who wud have done something similar ..
I know banks have phones..and i have done some home work from my side.Here's my wise suggestion. If you've done your homework then please tell us what you've found out. All of the questions you are asking sound like basic ones that the bank can answer easily. While we're happy to give advice here, no one is "entitled" to anything. So you got to give a little to get a little. Said another way, God helps those who help themselves. Peace.