I and my wife recently (2 months ago) received our green cards (family - parent based). We came to US at the end of January, and received GCs in Sept. Due to Covid-19, we got stuck up in US. I opened bank account in US bank.
- I am aware that we need to convert all our bank accounts in Indian banks to NRO / NRE. However we wont be able to go back to India until the covid situation is somewhat better in India. Is there a time limit to inform the bank about receipt of GCs to get our normal bank accounts to NRO / NRE. Can we do that when we go back to India?
- In the preceding financial year (April 2019 to March 2020) we were in India for more than 7-8 months. At present, are we eligible for Indian resident? Am I eligible to transfer my money in my Indian bank to US bank via net banking ?