Tag Full Fledged Money Changer License (FFMC)

Overview of Full Fledged Money Changer License (FFMC)

Full-fledged money changers (FFMC)

Full-fledged money changers (FFMC) are entities that are permitted to purchase foreign currency from Indian residents and non-residents and to sell foreign currency to foreign visitors solely for the purpose of personal or business travel. In accordance with Section 10…