News & Notices
Updates, notices and circulars from FEMTA
RBI Master Direction on Money Changing Activities — current text (updated 2 April 2026)
The consolidated direction for FFMCs, AD-II and franchisees — latest update as on 02 April 2026.
NewsFEMTA launches an exhaustive FFMC knowledge base
A current, source-linked reference on FFMC licensing, operations, remittances and compliance.
NoticeMembers: keep your KYC / AML policy current
A Board-approved KYC/AML/CFT framework, risk categorisation, FLM registers and FIU-IND reporting are non-negotiable.
NoticeFEMTA membership is for RBI Authorised Persons
Business (Prime) membership and official communication are reserved for Authorised Persons.
Rbi UpdateEffective 1 July 2024: 75% sale-to-purchase rule for currency notes
FCY notes sold to the public must be at least 75% of FCY notes purchased from other FFMCs/ADs, per quarter.
Rbi UpdateBudget 2025: TCS on LRS — threshold raised to ₹10 lakh, rates cut to 2%
From 1 April 2025: no TCS up to ₹10 lakh; education/medical TCS reduced to 2%; no TCS on education-loan remittances.
Rbi UpdateLRS limit holds at USD 250,000 per financial year (FY 2025-26)
A resident individual may remit up to USD 250,000 per financial year for permitted purposes.