Let’s look at the FFMC License application form

FFMC License

FFMC license online is something that every Full Fledged money changer is seeking nowadays. Reserve bank of India have allowed the existence of this license to: Promote the competition in the money changing business. Ensure that there is no monopoly when it comes to holding foreign currencies. Regulating the amount of foreign money exists in … Read more

FFMC License: Definition, Types and Procedure to acquire them

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FFMC license is an essential document for entities that deal with foreign exchange of foreign insecurities. The duty of issuing the license and maintaining watch over the Full-Fledged money Changers – the licensees – is done by the Reserve Bank of India. As per the rules of the government, an Authorized Money Changer is the … Read more

Eligibility Criteria to obtain the FFMC License online

FFMC License

FFMC License online gives you the power to become a full-fledged money changer. However, because for this license is crowded, RBI, who issues this license, has setup very specific eligibility criteria for the license. If an applicant doesn’t fit in the points of the criteria, his or her application is rejected. Therefore, to any applicant … Read more