IIBF Forex for Individuals case studies
IIBF Forex for Individuals · Put your knowledge to work in context.
The IIBF Forex for Individuals credential is a specialised banking certificate examination offered by the Indian Institute of Banking & Finance, an institution established in 1928 as a company under Section 26 of the Indian Companies Act, 1913. This independent study page is not affiliated with or endorsed by IIBF; it exists to help candidates locate reliable exam information and prepare systematically. The IIBF Forex for Individuals case studies are 5 cases and about 3,236 words.
1Unused LRS Headroom and Three Requests at One Counter
Raghav Menon, 34, is a salaried resident of Bengaluru. In FY 2025-26 he has already remitted USD 58,000 under the Liberalised Remittance Scheme through his bank, for a family holiday and a sibling's tuition.
699 words, about 3 min2Cash Notes, a Neighbour's Ticket and Leftover Dollars in the Almirah
Kamala Kulkarni, 61, a retired school principal in Pune, is planning a twelve-day trip to Singapore and Malaysia in March, followed by a five-day pilgrimage to Nepal in April. She visits a full-fledged money changer and asks for USD 6,000 entirely in currency notes, saying she does not trust cards.
639 words, about 3 min3A Canadian Tuition Remittance That Breaks the Annual Ceiling
Farhan Qureshi wants to remit CAD 61,500 to Canada for his son Ayaan's four-year undergraduate programme. The university offer letter spells the name "Ayaan Farhan Qureshi" while the passport shows "Ayaan Qureshi".
612 words, about 3 min4Rate Card Arithmetic, a Website Comparison and a Returned Transfer
Deepak Iyer, 47, needs foreign exchange for two purposes in the same week. He must remit USD 12,000 by telegraphic transfer to a university in Ohio for his daughter's second-semester fee.
653 words, about 3 min5A Short-Credited Inward Remittance and an Angry Mother
Latha Nair, 66, of Chennai, is expecting USD 5,000 from her daughter in Texas for her cataract and cardiac treatment. The daughter instructs her US bank to send the money by SWIFT and the branch there marks field 71A as "SHA".
633 words, about 3 min