(India) Rsus vested - how to get that money to my savings account?

Oracle
IDCguy

Go to company page Oracle

IDCguy
Jun 28, 2021 7 Comments

I see that I have been given stocks after withholding ~31% of the total stocks for taxes. The remaining 69% are vested but not sold yet. Hence the value is showing in dollars in my fidelity account.

What are the next steps to get that money to my savings account?

5yoe / 31lpa
#rsu #rsus

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TOP 7 Comments
  • VMware / R&D
    newToKnow

    Go to company page VMware R&D

    PRE
    NetApp
    newToKnow
    When you sell, it will ask for transaction type. Choose wire transfer and provide you account details like-
    Account No.
    Bank Swift Id (ask your bank for this).

    There will be some charges for wire transfer and your bank will charge some amount for dollar to INR conversion.
    Jun 28, 2021 2
    • Oracle
      IDCguy

      Go to company page Oracle

      IDCguy
      OP
      Ok. How much is the wire transfer charges and dollar conversion charges usually? I would be transferring 5k USD approximately.
      Jun 28, 2021
    • VMware / R&D
      newToKnow

      Go to company page VMware R&D

      PRE
      NetApp
      newToKnow
      Try to transfer bulk amount, because there will be less charges from your broker side. Although you can't avoid dollor to INR conversion.
      For 5K transaction, $30-50 will be charged by broker (fidelity) and you can expect around $80-100 for wire transfer and conversion charges (depends upon bank - ICICI is charging less)
      Jun 28, 2021
  • You can sell the stock if you want to cash it out.
    Jun 28, 2021 2
  • Amazon
    FukAzon

    Go to company page Amazon

    FukAzon
    This one is to HR/ finance / your manager i suppose
    Jun 28, 2021 0