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FFMC License

FFMC - Full Currency Converter License required to carry out foreign currency conversion activity. FFMC-approved license holders can receive foreign exchange through currency notes/coins/ATM cards from foreigners as well as Indian residents.

FFMC License Allows Following Activity

Full Fledge Money Changer can enter into a franchise agreement with others for restricted money changing business limited to conversion of foreign exchange currency notes/coins/traveler cheques into Indian Rupees. (Example with Indian Hotel, Tourist Place Business, Travel Company)

FFMC/ Franchise can purchase foreign currency from NRI as well as from Indian residents through currency notes/ coins/traveler's cheques.

FFMC license holders can sell Indian INR to foreign/NRI/resident visitors through any approved credit card, debit card, or instant receivable at any Indian bank.

Full Fledge Money Changer can sell foreign currency for personal trips, tourist trips, business trips, and foreign prepaid currency cards.

FFMC License.

 

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