Just explaining little more
-You can ignore what happened till now, that is not an issue
-Open NRE account, which means you can transfer from USA dollars to India NRE account, from indian account you can transfer to any other accounts
-NRE accounts- it is not possible to deposit money in Indian currency or some one cant transfer to you
-if you have house rent or many income in India and you want that to here which I dont think at this stage, as you are three years here . In that circumstance, you need NRO account.
-Use savings account in India for small amount transfers, like transfer $1100 from xoom and use that for recharge, rent or small purchase in India, that is not an issue
-Also when you open NRE account and you do FD, the interest you get there is non taxable , because you already paying tax here. In that case global income tax will come into place, which means you have to provide that details here while filing taxes in USA. so that they include that interest you gained also as income. But at this stage this reporting global income is also not needed. You need to do if you are earning so much and you have so much FDs |
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