hello,
This is a question for all fellow Indians out there.i am planning to open an NRE account with SBI before i move in.i understand that my as employer will be remitting my salary in a Bahrain bank i will have to have an account in there also.please answer my queries in regard to these.
1. will it be wise to shift some amount to recurring deposit in SBI or keep the same in the bahraini bank?.are there RD schemes for banks in bahrain?
2.or is it wise to shift only after a year or so in bulk?
3.if i am shifting monthly is it wise to wait for god exchange rates?