How Do Authorized Money Changers (AMCs) Operate?

Business1 years ago

Source: How Do Authorized Money Changers (AMCs) Operate?

When it comes to the foreign exchange industry in India, the Authorized Money Changers (AMCs) play an important role. AMCs are authorized to partake in foreign exchange currency or money changer activities under Foreign Exchange Management Act (FEMA) by the Reserve Bank of India (RBI). In this article, we will discuss who the Authorized Money Changers (AMCs) are in detail.