FFMC License

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    FFMC License & Compliances

    Individuals and businesses interested in dealing in foreign currencies must first obtain an FFMC license from the Apex Bank, the Reserve Bank of India. The holders of such a license have the power to buy foreign exchange from NRIs (Non Resident Indians) and sell it to Indians going abroad for business and travel.

    No person is allowed to continue or advertise that they carry on money changing business unless they own a legitimate money changer’s license issued through the RBI. Any person found undertaking any kind of money changing the business without a legitimate license is legally responsible to be punished under the Act.

    Consult us for FFMC license or compliance guidance.


    Advantages of FFMC Registration

    FFMC License

    Eligibility to apply for FFMC License in India

    The following are the requirements for applying for a Money Changer License in India:

    60 Minutes Strategic Planning Consultation:

    Rs. 1999/-(Now Just Rs. 999/-*)

    Click on "Book Consultation" button below to book consultation. Once you complete the booking transaction, then you will be redirected back here to schedule appointment and it will be clearly explained on that page "how you can schedule call" . 

    FFMC Compliances

    post-Approval FFMC License's compliances

    The following are the Post-Approval Registration Requirements for a Full-Fledged Money Changer License:


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    Have Questions?
    Find Answers Here

    Authorized entities, as defined by section 10 of the Foreign Exchange Management Act, 1999, that have received permission from the Reserve Bank of India to engage in foreign exchange business.
    Yes, the FFMC License must be renewed every year by submitting the required application materials to RBI.
    No, there is no way to work as a money changer without first obtaining an FFMC license.

    There are three different types of FFMC licences:

    Authorized Dealer Category 1 (Banks), Authorized Dealer & Full-Service Money Exchangers (FFMC).

    Before beginning business, submit all of these copies to the RBI Regional Office.

    A copy of the lease agreement; a copy of the store registration; and a copy of the rent receipt or the Establishment Act.


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