I am a tax resident in India. But I use my US bank account to add funds for my investments. I see we can withdraw money back to US account but we need to give a reason for that. What kind of reason is expected? I just prefer to have money back in my US account, so I can use again for future investments. I don’t want to keep money in the wallet.
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This is a must have feature for indian tax resident. Because when I travel I would like to spend in USD.
It won’t make sense for me to convert vested USD to INR and then again to USD and incur lot of charges.
Charles schwab provides a checking account along with trading account and a debit card too.
Something like that vested should also do.
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