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        FEMA

        Regulation 11 - Permitted Activities

        Foreign Exchange Management (Authorised Persons) Regulations, 2026
        Chapter VI
        Forex Correspondent Scheme (FCS)

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        Forex Correspondent Scheme permits currency purchase, foreign travel sales and MTSS sub-agent activity under the applicable framework. An FxC under the Forex Correspondent Scheme is permitted to purchase foreign currency notes and coins and travellers' cheques, sell foreign currency notes and coins and travellers' cheques for foreign travel purposes, and function as an MTSS sub-agent in accordance with the applicable MTSS guidelines.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Forex Correspondent Scheme permits currency purchase, foreign travel sales and MTSS sub-agent activity under the applicable framework.

                                An FxC under the Forex Correspondent Scheme is permitted to purchase foreign currency notes and coins and travellers' cheques, sell foreign currency notes and coins and travellers' cheques for foreign travel purposes, and function as an MTSS sub-agent in accordance with the applicable MTSS guidelines.


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