FFMC License

Swetha Dhinesh

22 Mar, 2023

Authorised money changers are one of the most prominent actors in the foreign exchange industry in India. According to Section 10 of the Foreign Exchange M...

Raghvendra Sonker

10 Sep, 2022

FFMC Licence is an authorized permit to establish a business of money changing services or Forex Currency Exchange. The tourists essentially use these serv...

Raghvendra Sonker

06 Jun, 2024

The agencies involved in the currency conversion business are known as Full Fledged Money Changers (FFMC License). According to Section 10 of the Foreign E...

Raghvendra Sonker

18 Jun, 2022

FFMC Licences are granted to ensure the access to foreign exchange facilities for residents and tourists visiting India while maintaining efficient custome...

Shivam Kumar

10 Sep, 2022

Full-Fledged Money Changers (FFMC) are businesses involved in trading foreign exchanges like forex currencies, etc., with prior approval from the Reserve b...

Sonal Pruthi

06 Sep, 2022

The article provides a guideline for Regulatory Framework of FFMC License. The FFMC license is all about the Fully Fledged Money Changer License. The Forei...

Sonal Pruthi

06 Jun, 2024

The article describes frequently asked questions on money changing activities. The FEMA has described under section 10 that an authorised bank can act as a...

Varun Hariharan

17 Oct, 2020

Money Changing Activities is a process in which an institution transforms physical or electronic currency into another country's currency. Different instit...