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The Knowledge Corner
Money Changer License from RBI: Complete Guide on AMC License
Shivani Jain
| Updated: Jun 22, 2020 | Category: FFMC

Money Changer License from RBI: Complete Guide on AMC License

The Foreign Exchange Reserves or Forex are the essential assets held by the RBI in foreign currencies. These assets influence the country’s monetary policy, international trade and exchange rate. To...

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Authorised Money Changer Activities: How Money Changers Work
Shivi Gupta
| Updated: Jun 20, 2020 | Category: FFMC

Authorised Money Changer Activities: How Money Changers Work

The business of foreign exchange or foreign securities can only be undertaken by Authorised Money Changers, who have obtained the Full-Fledged Money Changer License from the RBI. In this guide,...

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Authorised Money Changer Audit: FFMC License Audit Requirements
Shivi Gupta
| Updated: Jun 16, 2020 | Category: FFMC

Authorised Money Changer Audit: FFMC License Audit Requirements

The activities relating to foreign currency or money exchange can only be undertaken by Authorised Money Changers, who hold the FFMC or Full-Fledged Money Changer License. Any business who holds...

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Money Changer License: Eligibility and Application Process in India
Shivi Gupta
| Updated: Jun 05, 2020 | Category: FFMC

Money Changer License: Eligibility and Application Process in India

Foreign exchange is crucial for a country to stay in the global trade mixture. Foreign exchange deals with trade of foreign currency in case of any transaction that happens internationally....

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Everything you need to know about Currency Exchange Business Model
Dashmeet Kaur
| Updated: Apr 11, 2020 | Category: FFMC, RBI Advisory

Everything you need to know about Currency Exchange Business Model

In recent times, the Forex industry has flourished at a rapid pace in India. The currency exchange business model is a gateway to profit-making opportunities for budding entrepreneurs. Since the...

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What is the Regulatory Framework for FFMC License?
Divyanshu Gupta
| Updated: Apr 04, 2020 | Category: FFMC, RBI Advisory

What is the Regulatory Framework for FFMC License?

Have you ever heard about Full Fledged Money Changer? If you have heard about Full Fledged Money Changer, have you ever tried to understand who regulates it? Still puzzled? Are...

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RBI Guidelines for Full Fledged Money Changers (FFMC)
Dashmeet Kaur
| Updated: Feb 18, 2020 | Category: FFMC, RBI Advisory

RBI Guidelines for Full Fledged Money Changers (FFMC)

India sustains a steady growth in the volume of foreign trade which enriches our country’s communication system and makes room for the traders to outreach the domestic boundary. The persistent...

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FFMC – How to Start Currency Exchange Business in India?
Dashmeet Kaur
| Updated: Oct 15, 2019 | Category: FFMC, RBI Advisory

FFMC – How to Start Currency Exchange Business in India?

The thought of starting a currency exchange business must have crossed your mind as there are higher chances of earning substantial profits in it. Though recently there has been a...

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Compliances for a Full Fledged Money Changer in India
Khushboo Priya
| Updated: Aug 23, 2019 | Category: FFMC, RBI Advisory

Compliances for a Full Fledged Money Changer in India

According to Section 10 of the Foreign Exchange Management Act, 1999, any business that seeks to engage itself in the money changers activity must acquire Full Fledged Money Changer License...

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Time Required for Obtaining FFMC License in India
Gonica Verma
| Updated: Jul 06, 2019 | Category: FFMC

Time Required for Obtaining FFMC License in India

FFMC, an acronym used for Full-Fledge Money Changer, is the third category of Authorized Dealer (AD) of AMCs (Authorized Money Changers) apart from AD- Category 1 (Banks) & AD- Category...

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