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 ... Summary
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.