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RBI introduces new forex scheme to make transactions easier. Details here

In order to enhance the ease of doing business, RBI has proposed to introduce a new category of money changers (under the scheme namely Forex Correspondents Scheme). These money changers may conduct money changing business through any agency model via Category-I and Category-II authorised dealers ....

Foreign Exchange Management , Regulatory Policies , Foreign Exchange Management Act , Reserve Bank , Forex Correspondents Scheme , Personal Finance , Foreign Exchange , Forex Agents , Money Changers , Forex Correspondents , Forex Scheme , Reserve Bank Of India , Forex Transactions ,

RBI Plans To Introduce New Foreign Exchange Licensing Norms

RBI Plans To Introduce New Foreign Exchange Licensing Norms
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New Delhi , Reserve Bank , Forex Correspondents , Authorised Persons , Licensing Framework , Forex Correspondent Scheme ,

RBI Proposes To Introduce New Category Of Money Changers -

PTI The Reserve Bank on Tuesday proposed to introduce a new category of money changers who may conduct business through an agency model by becoming Forex Correspondents (FxCs) of Authorised Dealers. Currently, the Reserve Bank issues licences to authorised dealers banks authorised to deal in foreign exchange and full-fledged money changers. Licences are… ....

Bank On , Reserve Bank , Forex Correspondents , Authorised Persons ,

RBI releases draft licensing framework for authorised persons under forex law

The central bank said comments or feedback on the draft framework are invited from all stakeholders till January 31, 2024. ....

Reserve Bank , Licensing Framework , Authorised Persons , Foreign Exchange Management Act , Forex Correspondents , Reserve Bank Of India ,

RBI proposes to introduce new category of money changers

RBI proposes to introduce new category of money changers
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Bank On , Reserve Bank , Forex Correspondents , Authorised Persons , Licensing Framework , Forex Correspondent Scheme ,