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Forex online: Indel Money gets license from RBI to start forex business

Indel Money, a non-banking finance company specializing in gold loans, has received an Authorized Dealer (AD) Category-II license from the Reserve Bank of India (RBI) to expand its foreign exchange business. The license allows Indel Money to offer services such as converting foreign currency bank notes, providing travel money cards, and facilitating outward remittances.
Umesh Mohanan Foreign Exchange Management Act Indel Money Authorized Dealer Reserve Bank Non Resident Indians

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