BIAT

RBI Guidelines for FFMC License 2025: Everything You Need to Know   In India, the ability to deal in foreign exchange is tightly regulated by the Reserve Bank of India (RBI). Entities looking to operate as Full Fledged Money Changers (FFMCs) must obtain a special license issued by the RBI. As of 2025, the RBI has introduced new updates and guidelines for securing an FFMC License in India , ensuring more transparency, better compliance, and tighter control of foreign exchange operations. If you're planning to apply for a Full Fledged Money Changer license in India , this blog will walk you through the latest 2025 guidelines, eligibility requirements, and how to apply FFMCs license online . What is a Full Fledged Money Changer (FFMC)? A Full Fledged Money Changer (FFMC) is an entity licensed by the RBI to deal in foreign exchange for specific, non-trade-related purposes. FFMCs are permitted to: Buy foreign currency from residents and tourists Sell foreign exchange for appr...