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Getting FFMC License online is a requirement for those who want to start a Full-Fledged Money Changer business.
Reserve Bank of India is the one responsible for issuing this license. However, in order to obtain the license, you have to keep two things in mind.
Thus, in this article, we are going to look at both of these checklists so that you may understand the deeper FFMC license meaning.
Following checklist consists of rules that you have to adhere in order to make RBI see you as someone worthy of filing the application of Full-Fledged Money Changer License:
Following is the document checklist to be submitted alongside the duly filled application for FFMC license:
If you’re not eligible for the license, the RBI will put your application into the shredded. If you’re vigilant when it comes to providing all the documents, the RBI will send you a notice. In any case, if you don’t your Full-fledged business dreams do be delayed, you better contact an FFMC License consultant.
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Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.