13/12/2019

When and How to Obtain RBI Approval?

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RBI [The Reserve Bank of India] is the Central Banking institution of India, which controls the issual and supply of the Indian rupee. RBI issues guidelines which are required to be followed by other banks. Since RBI is the supreme bank in India, specific approval of RBI is required for various transactions specified under the Banking Regulation Act, 1949 or FEMA, 1999 [Foreign Exchange Management Act, 1999].

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Tags: Manage Your Business / Licenses & Government Registrations / RBI approval / Government Registrations

 

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