Thank you for your prompt response and the suggestion. Please find a snapshot of a suggestion showing for a dummy function I typed to demonstrate it. I only typed the function signature, the open parenthesis and pressed enter.
I also unchecked the “Show suggestions as you type” option to no avail(screenshot in the middle). The “Editor->Code Completion->Inline” option has a link that takes you to the AI settings section as shown in the right most screenshot. Hope you’d let me know if you mean a different setting when you say “local completion settings”.