Earnest Money Deposit IRDA

What do you mean by Earnest money deposit in Insurance Regulatory and Development Authority (IRDA) reference would you plz tell me here ??

Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous, statutory agency tasked with regulating and promoting the insurance and re-insurance industries in India

As you asking I am telling Earnest money is a deposit made to a seller showing the buyer's good faith in a transaction. Often used in real estate transactions, earnest money allows the buyer additional time when seeking financing. Earnest money is typically held jointly by the seller and buyer in a trust or escrow account.

In Insurance Regulatory and Development Authority (IRDA) reference Earnest money deposit used normally in its tenders notification :

Addresses of Offices of IRDA

Head Office :


Insurance Regulatory and Development Authority of India
3rd Floor, Parisrama Bhavan, Basheer Bagh HYDERABAD 500 004
Telangana State (INDIA )

Ph: (040) 23381100
Fax: (040) 6682 3334

Delhi Office:


Insurance Regulatory and Development Authority of India
Delhi Office – Gate No. 3
Jeevan Tara Building, First Floor
Sansad Marg, New Delhi-110001

Ph: (011) - 2344 4400

Fax: (011) - 2374 7650

Mumbai Office:


Insurance Regulatory and Development Authority of India
Mumbai Regional Office
Royal Insurance Building
12, J. Tata Road, Ground Floor
Mumbai 400 020.
Near Churchgate)


Phone No.: 022- 22898600

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Answered By StudyChaCha Member