Full Fledged Money Changer | FFMC License | FFMC Registration

Full Fledged Money Changer (FFMC) registration is a kind of permit that allows the company willing to undertake the business of the money changing activity or Forex Currency Exchange. Under Section 10 (1) of the Foreign Exchange Management Act (FEMA), 1999, Authorized Money Changers (AMC) are the entities or individuals authorized by the Reserve Bank of India (RBI). These AMCs are known as Full Fledged Money Changers.