FFMC License in India

Swarit Advisors17 Dec, 2020Legal

In India, FFMC (Full Fledge Money Changer) License is required for certain entities to deal with foreign exchange of currency or foreign securities. A FFMC License is authorized to organizations, who purchase the foreign exchange currency from residents and non-residents of India. And also FFMC License sell the same for travel business purposes and private only towards the individual visiting abroad.