About FEMTA
The collective voice of India’s authorised money changers
The Foreign Exchange & Money Transfer Association (FEMTA) is a trade body of authorised money-changing businesses in India. Our members are Full-Fledged Money Changers (FFMCs) and Authorised Persons licensed by the Reserve Bank of India under the Foreign Exchange Management Act (FEMA), 1999.
FEMTA was founded to give the money-changing fraternity a unified, responsible voice — to create a well-regulated and transparent ecosystem for everyone in the foreign-exchange business. We bring members together, keep them informed of regulatory developments, and uphold standards of compliance, ethics and customer service across the trade.
Membership is open only to Authorised Persons as defined under the RBI Master Direction on Money Changing Activities, and to the professionals and individuals who support them — reinforcing the credibility and compliance culture of the whole industry.
Our Mission
To promote a fair, compliant and customer-friendly foreign-exchange ecosystem in India by representing the legitimate interests of authorised money changers, building member capacity through knowledge and training, and acting as a constructive bridge between the trade and its regulators.
Our Vision
To be the most trusted and effective representative body for the foreign-exchange and money-changing fraternity in India — known for integrity, compliance and member service.
Our Objectives
- Represent members before the RBI, FIU-IND, government and other authorities on policy and compliance matters.
- Promote strict adherence to FEMA, RBI directions and KYC/AML/CFT standards across the trade.
- Build member capacity through a shared knowledge base, circulars, training and the annual FxCon conference.
- Provide a platform for networking, dialogue and collective problem-solving among Authorised Persons.
- Keep members updated on regulatory changes, notifications and industry developments in good time.
- Help members access talent, technology and services on better, collectively-negotiated terms.
Our Story
FEMTA was registered in 2017 (Regn. No. 24 of 2017) by a group of established money changers who saw the need for an organised, principled industry voice. From its base in Hyderabad/Secunderabad, the association has grown to bring together 100+ member FFMCs across Telangana, Andhra Pradesh and beyond, and continues to expand its national footprint and the range of services it offers members.
Frequently asked questions
What is FEMTA?
FEMTA — the Foreign Exchange & Money Transfer Association — is a trade body of RBI-authorised Full-Fledged Money Changers (FFMCs) and forex professionals, founded in 2017 to promote compliance, fair practice and growth across the money-changing trade.
Is FEMTA a government or regulatory body?
No. FEMTA is an industry trade association. Regulation of money changing rests with the Reserve Bank of India under FEMA, 1999. FEMTA represents members and shares knowledge and best practice.
How do I contact FEMTA?
FEMTA's single point of contact for official communication is +91 81423 84788. You can also use the contact form on this site or email support@femta.org.
Does FEMTA give legal or compliance advice?
The knowledge base offers general guidance grounded in RBI directions, but it is not legal or tax advice. For specific matters, rely on the current RBI Master Direction or a qualified professional.
Who can become a FEMTA member?
Business (Prime) membership is for registered money-changing companies licensed by the RBI. Associate membership is for individuals affiliated with a member company; Affiliate membership is for independent forex professionals.
What does membership cost?
Prime ₹5,000, Associate ₹1,000 and Affiliate ₹2,500 — paid by bank transfer only (no cash). Membership fees are non-refundable, except in exceptional cases considered by the Executive Committee. Fees are annual (calendar year, January–December).