Which Bank to open a checking account while in US ?

[srikbs8095]

IMO HSBC is the best place to open an account in the US and NRE/NRO in India. HSBC asks zero questions. Excellent USD-INR transfer rates and also the Global Transfer feature which is literally instant transfer (some rate compromise of course). Only caveat is, minimum balance should be $75000 and 40L in India. Otherwise, HSBC is no-nonsense.

 

[theglobalinvestor]

IMO HSBC is the best place to open an account in the US and NRE/NRO in India. HSBC asks zero questions. Excellent USD-INR transfer rates and also the Global Transfer feature which is literally instant transfer (some rate compromise of course). Only caveat is, minimum balance should be $75000 and 40L in India. Otherwise, HSBC is no-nonsense.

Does this 75k/40l earn any interest?

 

[srikbs8095]

Does this 75k/40l earn any interest?

umm, unfortunately very minimal. But it doesn't need to be in a savings account, it could be in fd/investments also, so it's fine.