[Resolved] ICICI Bank Limited, — Indicative exchanges rates are not getting updated(Deliberately?!) | |
Hello ICICI Bank NRI Services,
I'm frequently observing that in recent days that you are just updating only the fixed rupee transfer rate but not the indicative rate. Normally you use to update the indicative rate very first and the fixed rupee rate used to be lower than the indicative rate.
Today's actual USD/INR exchange rate is 67.93 (03-Sep-2013), but your indicative rates are still showing 65.98 level. Almost Rs. 1.95 for each USD!. Also could you please explain the way you calculate the indicative rates. I always feel cheated whenever my money credited to my India account with more than 1 Rs. less than the actual exchange rate (that is in % wise, more than 2-3%. Annualized 24-36%). Is the indicative rate calculation is according to any govt regulation?. Please confirm.
Thanks an Regards,
Hari. Was this information helpful? | |
Aug 14, 2020 Complaint marked as Resolved | |
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