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Hi

Why don't you just leave your money in the US and move it across so you have enough in your Indian account for spending? That way the risk is minimal. This is what I do and I use transferwise. The fx rates are good, fee's very low and money is usually in your indian account before you have even closed down the browser. Also try and use one of the top Indian banks.  I use ICICI, but Axis or HDFC are also ok.

Edit: Forgot to add. Neither myself or my expat colleagues have had issues with any 6 month limit. Maybe talk to the bank and certainly try using an established private bank.

Regards

J

J, that doesn't work. You may be here on an employment visa, which gives you that option, but a tourist visa does not.  You have to close your bank account every time you leave or ask for written permission.  You have to do this twice a year.  The banks will tell you that you have only one option - an NRO account that is open to the duration of your stay, and you cannot even have any Fixed Deposit instruments, or they are limited to 6 months (depends on who you ask, LOL).

The only catch with leaving the money in the US account is that it is subject to bail-in confiscation in the event the bank fails.  I've made sure that my bank is not a "systemically-important" bank where this could happen.

Nonetheless, I'm able to transfer money here from my US account without issues.