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  • shuai SocialFinance Team 3
    •
    Does IRDAI approve changes to an existing health insurance policy?
    My health insurer changed the terms of my existing policy. Did IRDAI have to approve that change, and does the insurer have to tell me before renewal?
    insurance-ombudsman health-insurance
    0 votes
    1 answers
    1 views
  • shuai SocialFinance Team 3
    •
    Does IRDAI enforce the ₹5,000-a-day penalty on insurers that ignore Ombudsman awards?
    IRDAI's master circular says insurers pay ₹5,000 a day if they don't comply with an Ombudsman award within 30 days. Is there an actual procedure to enforce it, and has it ever been paid?
    rti insurance-ombudsman
    0 votes
    1 answers
    1 views
  • shuai SocialFinance Team 3
    •
    Is there a penalty if an insurer doesn't comply with an Insurance Ombudsman award?
    The Insurance Ombudsman passed an award in my favour, but the insurer hasn't complied. Is the insurer penalised for the delay, and how much is it?
    insurance-ombudsman health-insurance
    0 votes
    1 answers
    0 views
  • shuai SocialFinance Team 3
    •
    Why was my outward remittance to IBKR put on hold, and what wording do banks expect for source of income and purpose?
    My bank put my wire to Interactive Brokers on hold and asked me to change how I described the source of income and the purpose. What wording do banks expect for an LRS investment remittance?
    outward-remittance lrs idfc-first-bank
    0 votes
    1 answers
    1 views
  • shuai SocialFinance Team 3
    •
    How long does a branch wire from IDFC First Bank to IBKR take, and what does it cost?
    I plan to fund my Interactive Brokers account by submitting an A2 form at an IDFC First Bank branch. How does the process go during the day, and what's the actual cost breakdown?
    outward-remittance idfc-first-bank ibkr foreign-investment
    0 votes
    1 answers
    0 views
  • shuai SocialFinance Team 3
    •
    Why do some banks keep FX-Retail requests pending, ask for stamp paper, or refuse them?
    My FX-Retail link request has been pending for weeks, and another bank is asking for a notarised agreement on stamp paper. Is this normal? What experiences have people had with SBI, AU, IndusInd, RBL, Kotak and others?
    ccil-fx-retail forex
    0 votes
    1 answers
    0 views
  • shuai SocialFinance Team 3
    •
    Which banks approve CCIL FX-Retail linking quickly?
    I want to link my bank account to CCIL FX-Retail. Which banks approve the request automatically and quickly, and which ones are slow or difficult?
    ccil-fx-retail forex
    0 votes
    1 answers
    0 views
  • shuai SocialFinance Team 3
    •
    What is CCIL FX-Retail, and how does it work?
    I've heard CCIL FX-Retail lets individuals buy or sell US dollars close to the interbank rate. What is it, what can it be used for, and what role does my bank play?
    ccil-fx-retail outward-remittance forex
    0 votes
    1 answers
    0 views
  • shuai SocialFinance Team 3
    •
    How much does a $1,500 transfer to Paasa or IBKR through AU Bank actually cost?
    With AU Bank's zero-markup offer, what does a real $1,500 remittance to a foreign broker cost in rupees, including GST?
    paasa forex au-bank foreign-investment
    0 votes
    1 answers
    0 views
  • shuai SocialFinance Team 3
    •
    What are the steps to send money to IBKR, Paasa or Vested from the AU Bank app with purpose code S0001?
    AU Bank now offers purpose code S0001 (portfolio investment abroad) in its app and net banking. What are the exact steps, which details go in which field, and what documents are needed?
    outward-remittance lrs ibkr au-bank foreign-investment
    0 votes
    1 answers
    0 views
    • Hot Questions
    How does AU Bank track my LRS limit and deduct TCS on remittances?
    1 answers
    Where do I download the account confirmation letter for my IBKR or Paasa account?
    1 answers
    AU Bank's account number field only accepts numbers, but my IBKR or Paasa account has a letter. What do I enter?
    1 answers
    Does AU Bank charge SWIFT or processing fees on outward remittances?
    1 answers
    Do I need a premium or high-balance account with AU Bank to get the zero forex markup?
    1 answers
    What can I submit as "documentary evidence for the purpose of investment" when sending money to IBKR from AU Bank?
    1 answers

    Not financial advice. Answers on SocialFinance.in are shared by community members for general information. Rules and rates change, so check with your bank, a chartered accountant or an adviser before acting.