Submitted By: Saurabh Kesarwani
FAQs on Money Changing Facilities
These FAQs explain the regulatory framework governing money changing facilities in India as prescribed by the Reserve Bank of India under the Foreign Exchange Management Act (FEMA). They clarify the types of authorised money changers, eligibility and licensing requirements, permitted purchase and sale of foreign exchange, operational guidelines, record-keeping, and compliance obligations, ensuring safe and regulated foreign exchange transactions for residents and visitors. Last updated on: 21 October 2021
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