Best Debit Card in the World? & Why?

[theglobalinvestor]

So if I transfer 25k$ just for this and then transfer it back, is there any tax implications such as TCS or is it ONLY Swift fee the net cost incurred? If so, whats the estimate Swift fee for 25k$? Do we have to pay fee for both inward and outward remittance?

20% TCS upfront.

 

[theglobalinvestor]

I am just wondering whether banks (nowadays) will share the outward remittance details of 25K USD with RBI/ITD. If so, what would be the impact of that move or information.

Remember, we are getting ITD notices if we spend over 10L INR per CC in a FY. All along money is WITHIN INDIA.

Whereas, here, we are talking about moving 25K USD FUNDS OUT OF INDIA amounting to Approx 21L INR.

Take professional help or guidance before attempting this in the process of saving only a few dollar bank charges.

Be cautious n safe than being sorry later.

Yes. All A2 details are reported and uploaded to TRACES. For all remittances regardless of amount.

 

[moneyMaker]

20% TCS upfront.

then 20% TDS as well?

refund in april 🫡.

 

[telescope]

Opened schwab account. How to apply for dc?
In the support section I got a form for check and dc. There is no option for applying only dc. @TechnoFino did you get check too?

Also, will I get courier tracking details of dc? Will it come by India post or pvt courier service?

 

[NAB]

Opened schwab account. How to apply for dc?
In the support section I got a form for check and dc. There is no option for applying only dc. @TechnoFino did you get check too?

Also, will I get courier tracking details of dc? Will it come by India post or pvt courier service?

You need to request for the Cheque and DC together using the same form.
It will reach to you by FedEx.

 

[telescope]

You need to request for the Cheque and DC together using the same form.
It will reach to you by FedEx.

Thank you. How much time it'll take? Do they give tracking details?

One doubt - I didn't give any specimen signature while account opening. How'll they match the signature? Signature of passport is account's signature?

 

[NAB]

Thank you. How much time it'll take? Do they give tracking details?

One doubt - I didn't give any specimen signature while account opening. How'll they match the signature? Signature of passport is account's signature?

It will take some time. For me took a couple of weeks. But can differ from person to person.
They will share some tracking info through their partner, but FedEx will contact you for KYC when the shipment is booked. (for customs clearance. )
(Look for the legit call and message, many FedEx scams are going on right now 😉)

Yes, go ahead with your signature, doesn't matter I guess as you are submitting the form online from your account.

 

[mohitkamboj007]

So this fees refund is the only feature of this dc?

 

[NAB]

So this fees refund is the only feature of this dc?

Yes, Zero Forex and Fee Refund.

 

[telescope]

Schwab has a toll free number from India. 0008009190027
OP may include this in post #1

 

[Anupama_Jha]

Opened schwab account. How to apply for dc?
In the support section I got a form for check and dc. There is no option for applying only dc. @TechnoFino did you get check too?

Also, will I get courier tracking details of dc? Will it come by India post or pvt courier service?

With 21L IP?

 

[telescope]

With 21L IP?

Y e s