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When it comes to the foreign exchange industry in India, the Authorized Money Changers (AMCs) play an important role. AMCs are authorized to partake foreign exchange currency or money changer activiti ....
The foreign money-changing business needs a license which is issued by the Reserve Bank of India under Section 10 of the Foreign Exchange Management Act, 1999. To carry on a money-changing business, y ....
Post Updated on 29-11-2024
Whenever it comes to visiting a foreign country, one of the most important concerns people face is to get the local currency. Since you will be carrying your nation ....
This article details the guidelines for the issue of a new FFMC license RBI and the forex trading license. We will also discuss the guidelines for authorization for additional branches.
In this globalized world, you’ll always need someone to exchange your foreign currency. Your need can take you to two places:
