Enter Currency License For Free

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The process of obtaining an FFMC License is concerned with the Reserve Bank of India. A complete and detailed application for the FFMC License is submitted to the concerned regional office of the Reserve Bank of India. The Director of the applicant Entity would be reviewed under the ?fit and proper? criteria by the RBI.

Authorised Money Changers (AMCs) are companies that have been approved by the Reserve Bank of India (RBI) as per Section 10 of the Foreign Exchange Management Act of 1999. Under which, an AMC may either register as a Restricted Money Changer (RMC) or a Full Fledged Money Changer (FFMC).

FFMC License Process Incorporate your business as an FFMC Company. Get your documents ready. File the application for FFMC License. Wait for RBI to process the application. Get FFMC License.

There are many places that have a strong demand for a money changing business. The growth of tourism and our large OFW population has guaranteed a huge market to be tapped by money changers. This is one opportunity you may not want to miss. It is a simple business if you know how to start and operate it.

A money changer is a person or organization whose business is the exchange of coins or currency of one country for that of another. This trade was a predecessor of modern banking.