Category

Authorized

Dealer –Category IAuthorized Dealer

Category– IIAuthorized Dealer

Category – IIIFull Fledged Money Changers

Entities

1.CommercialBanks

2.State Co-operative Banks

3.Urban Co-operative Banks

1. Upgraded FFMC

2. Co-operative Banks

3. Regional Rural Banks (RRB’s), others

1. Select Financial and other Institutions

1. Department of Post

2.Urban Co-operative Banks

3. Other FFMC

Activities

Permitted

As per RBI guidelines, all current and capital account transactions

All activities permitted to FFMC and specified non-trade related current account transactions

Foreign exchange, Transactions related

Purchase of foreign exchange and sale for private and business

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