Looking for FFMC license to start forex currency exchange business in India? Full Fledged Money Changer is a company that carries out trading activities like forex currency after prior approval from the Reserve Bank of India (RBI).
The government had told the court in an affidavit that the objective of demonetisation was to curb circulation of fake currency, black money, tax evasion and funding of terrorist activities. Government had decided to demonetise ₹500 and ₹1,000 currency notes through a gazette notification on...
India might soon get it’s own digital currency or CBDC, said Deputy Governor of RBI, T Rabi Sankar in a conference on Jul 22, 2021. What is CBDC (Central Bank Digital Currency)? CBDC is virtual money with the same functionalities as the currency notes tucked away in our wallets i.e....
RBI issued the circular regarding Limits for investment in debt and sale of Credit Default Swaps RBI Updates RBI Update – Master Direction – Facility for Exchange of Notes and Coins Apr 2, 2025 Knowledge TeamComment on RBI Update – Master Direction – Facility for Exchange of Notes and Coins...
the RBI acts as the issuer of the national currency. For India, this means that currency is either issued or destroyed depending on its fit for current circulation. This provides the Indian public with a supply of currency in the form of dependable notes and coins, a lingering issue in Indi...
8. Reserve Bank of India (RBI) recovered 98% of Rs 2,000 notes in circulation. As per the new update from RBI, 97.76% of the Rs 2,000 currency notes in circulation have returned to the banking system. Only Rs 7,961 crore worth of the withdrawn notes are still with the public. ...
During meetings held on April 25 and May 2, the redesign, with the updated map, was approved. Nepal Rastra Bank has been authorized by the government to replace the current map on currency notes with the updated version.