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Sending money home

  Once you start getting salaries, you will want to send money back home: for your loved ones or personal expenses back in India. Sending money home is very simple once you have a Japanese bank account/debit card. Instead of relying on banks to transfer money back home, we can use third-party services to send money home. I have used Revolut and Wise. Revolut Sing up for Revolut ( https://www.revolut.com/en-JP/ ) Get yourself verified. It can take some time to get your free debit card and address verified.  You can send money to foreign accounts after verification. Revolut allows you to add money from credit cards, debit cards, and bank transfers. Money added from Japanese credit cards can’t be sent to other accounts, remitted, or withdrawn from ATMs. I have used Revolut for almost Two years (Yes, I have been using it since its launch in Japan). Transfers are super fast: it took only 10 minutes to receive the money in my SBI bank account.  I also use Revolut for my day-to-...
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Setting up bank accounts in India

As an NRI (Non-Resident Indian) you are not supposed to keep a savings bank account. You can convert your existing bank accounts to NRO accounts and start a new NRE account. You can find more details about NRE and NRO accounts on the  HDFC website . In short: NRO account For income from India. No tax benefits (TDS of 30% on interest income). Limitation on repatriation (sending money abroad). NRE account For remittances from abroad. Interest from this tax is not taxed. No restriction on repatriation. At this point in time, most of us won’t have a foreign phone number. It is absolutely okay to have an Indian phone number. I used Airtel and didn’t face any issues receiving the OTPs. Do you already have an NRO and NRE account? Please answer the following polls.
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