Instructions governing money changing activities
IN view of the recent measures adopted to provide more flexibility to the Authorised Persons in selecting the location for their branches, it has now been decided to remove the criteria relating to increase in outreach and locational advantage while considering the applications for issuance of fresh licenses for Full Fledged Money Changers (FFMC).
AP (DIR Series) Circular No. 71/RBI., Dated: January 30, 2012