Key Takeaways The Foreign Exchange Management Act, or FEMA, is a piece of legislation that regulates the movement of money into and out of India The Reserve Bank of India performs a number of functions, including monitoring various policies that are
RBI makes exchange of damaged currency notes hassle-freeSANJAY DIXITPrint this
A valid Full Fledged Money Changer License, also known as a Foreign Exchange License, is a license granted by the Reserve Bank of India (RBI). The FFMC license authorizes the holders to deal in money-changing and foreign exchange business. The object of acquiring the Full Fledged Money Change...
Public can deposit these notes in their bank accounts or exchange them till September 30, 2023. To ensure operational convenience and to avoid disruption of regular activities of bank branches, Rs 2,000 banknotes can be exchanged for banknotes of other denominations with effect from May 23 at an...