Site icon Fictionistic

FFMC License eligibility criteria and the documents required to prove them

FFMC License

FFMC License

An FFMC License allows you to establish a Full Fledged Money Changer business. However, to get it, the Reserve Bank of India, the authority responsible for issuing this license, has to consider you worthy.

What does it take to get the FFMC license online? In this article, we are going to discuss the essential eligibility criteria to obtain the license and tell you about the document that will allow you to prove them.

Eligibility Criteria for FFMC license: What makes you worthy of the license

FFMC license, full form, the license to start a Full Fledged Money Changing business is not just a mandatory requirement, it’s a prize. A prize that you can only win if you can even enter the competition to get it. Thus, the reserve bank of India has set up the following criteria for the FFMC license:

Read More: Semrush Black Friday Deals 

Documents required to provide that you fit the eligibility criteria

Following are the documents you have to submit along with the application and the receipt of FFMC license fees that you match the above criteria:

We can help you become eligible for the FFMC license

From starting a company to creating an audited balance sheet, these are the tasks that you can only complete if you have an in-house chartered accountant. Even then, you’d need to do a fair bit of legwork and reach out to the RBI to complete the rest of the process. That’s where the FFMC license consultant can step in to assist you. Thus, if you require any assistance in FFMC license renewal or application filing of a new license, reach out to us.

Read More: Rank Math SEO Plugin

In this blog, you’ll know about the FFMC license eligibility criteria and the documents required to prove them. For more information in this regard, reach out to us.

Exit mobile version