Inward Remittance from etrade account

[tetrapack]

I work for a US-based company and have recently sold some shares from my Etrade account.
I’m did the Wire transfer option selling and sold in USD to my Indian IDFC Bank
Now total Amount was 2200.85 USD

ETrade charged me 25 USD for Wire and 10 USD for transaction fees

So the Wire Amount from Etrade was 2165.85 USD

Now I received 2155.85 USD in IDFC Bank

SWIFT Message shows some 10USD Charge

:32A:250305USD2155,85
:33B:USD2165,85
:71A:SHA
:71F:USD10,


Bank says this is intermediary bank charges,(But IDFC website shows no fees on inward remittance)
So Why did I receive less, should I raise a complaint to RBI Ombudsman ?
Am i liable for Intermediary Bank Charges?

 

[quino]

SWIFT Message shows some 10USD Charge

this is standard, can't escape it unless you are with the bank that also acts as the intermediary.

 

[RDR]

This can happen if the transaction had to be routed through an intermediary bank. This is stated in eTrade too.

Use banks like IoB or SBI to avoid these.

 

[telescope]

I work for a US-based company and have recently sold some shares from my Etrade account.
I’m did the Wire transfer option selling and sold in USD to my Indian IDFC Bank
Now total Amount was 2200.85 USD

ETrade charged me 25 USD for Wire and 10 USD for transaction fees

So the Wire Amount from Etrade was 2165.85 USD

Now I received 2155.85 USD in IDFC Bank

SWIFT Message shows some 10USD Charge

:32A:250305USD2155,85
:33B:USD2165,85
:71A:SHA
:71F:USD10,


Bank says this is intermediary bank charges,(But IDFC website shows no fees on inward remittance)
So Why did I receive less, should I raise a complaint to RBI Ombudsman ?
Am i liable for Intermediary Bank Charges?

What's the exchange rate you got from idfc?

 

[telescope]

Use banks like IoN or SBI to avoid these.

What is IoN?

 

[quino]

What is IoN?

ig he meant IOB

 

[tetrapack]

What's the exchange rate you got from idfc?

86.86 aprox after taxes and everything
My Company has special tieup with them

This can happen if the transaction had to be routed through an intermediary bank. This is stated in eTrade too.

Use banks like IoB or SBI to avoid these.

Seeing this charges for first time, didnt see in past transactions
Maybe IDFC routed it through other banks, which made me lose some money

 

[tetrapack]

this is standard, can't escape it unless you are with the bank that also acts as the intermediary.

Earlier IDFC used to directly get it, IDK why this hop was added in between
Direct was better