FFMC stands for Full Fledge Money Changer, regulated under FEMA (Foreign Exchange Management Act, 1999). To Get FFMC License, RBI Approval Required.
FFMC License or Full-Fledged Money Changer License is issued by the Reserve Bank of India under Section 10 of the Foreign Exchange Management Act 1999. FFMC License should be renewed each year by filing an application to the RBI.
Visit us by clicking on this link: Online FFMC License in India.