FFMC License | Full Fledged Money Changer Licence
A Full Fledged Money Changer (FFMC License) is authorized organizations who buy foreign exchange from non-residents and residents of India and sell the same for private and business travel purposes only towards the individual visiting abroad. As Section 10 of the Foreign Exchange Management Act, 1999 recommends, authorized money changers are the only organizations in the nation that could deal in money changing actions and offer essential foreign exchange services.
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