Moving money back to India.
I need to move some money back to India, close to $160K .
Was thinking use zoom and move on chunks of 10K one weekly basis .
I am still a green card holder and applied for reentry permit on my way out.
Do you see any concerns ?
Destination will be Resident INR account.
Most of my money $800K + is invested in IBKR. The money I am moving is in checking and is my liquid funds and want to move this to India to have liquidity in case of emergencies needs and also earn some interest.
I asked about FCR, hdfc folks at the front desk don’t know what it is and KVB said they can give me a current account without any interest, but KVB recommended IOB or bank of Boroda if I want to earn interest . Not sure if i want to go this route.
Have you done this ? Any suggestions??