FFMC License

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...

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

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

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...

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...

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

Full-Fledged money changers are also known by the name of Authorized Money Changers, which are the entities authorized by the Reserve Bank of India under S...

FFMC License is mandatory for all types of currency exchange business in India. This license is regulated by the RBI. Hence, it is important to know RBI Gu...