FFMC Licence – Full-Fledged Money Changer Licence
What is FFMC License ?
A Full-Fledged Money Changer (FFMC) Licence is an authorisation issued by the Reserve Bank of India (RBI) under Section 10(1) of the Foreign Exchange Management Act (FEMA), 1999. It permits an authorised entity to carry out specified foreign-exchange activities, including purchasing foreign currency from residents and non-residents visiting India and selling foreign exchange for permitted purposes. In simple terms, an FFMC Licence allows an eligible company to legally operate as a full-fledged money changer in India, subject to RBI regulations and compliance requirements.
What are the Benefits of FFMC License ?
Legal Authorisation to Conduct Money-Changing Business
TIDS provides international recognition to travel agencies and intermediaries, helping them establish credibility in the global travel and tourism industry.
Improved Business Credibility
A TIDS-certified agency appears more professional and trustworthy to clients, airlines, hotels, and travel suppliers worldwide.
Access to International Travel Suppliers
The certificate helps agencies connect with airlines, hotels, cruise lines, car rental companies, and other travel service providers for smoother business operations.
Simplified Booking & Identification Process
The unique TIDS code allows suppliers to easily identify travel agencies, making booking, reservation, and communication processes more efficient.
Support for Non-IATA Accredited Agencies
TIDS is an ideal solution for travel companies that are not fully IATA accredited but still want global industry recognition and supplier access.
Better Business Growth Opportunities
The certification helps travel agencies expand internationally, build strong supplier partnerships, and attract more customers in the competitive tourism market.
Get in touch with us now
Who can apply for TIDS License ?
Travel Agencies
Tour Operators
Online Travel Companies (OTAs)
Corporate Travel Management Companies
Destination Management Companies (DMCs)
Travel Consultants and Intermediaries
Holiday & Tourism Service Providers
Businesses involved in travel booking and reservation services
Document Required for BOCW Registration
Role of Shamkris and Process of TIDS License
Shamkris adopts a results-oriented approach to compliance with mandatory licence requirements in the organization. A simple and guidance methodology help organisation to achieve licence in a timely manner and cost-effective. Shamkris support 100% in advisory, Guidance, Compliance with respect to license requirements to obtain approval.
The License process described below:
Advisory for the document required
Preparation of documents as per application & list of documents.
Application File
Inspection by the department if required
Liason department
Yearly Compliance if Applicable
Renewal when due
Who can issue the BOCW Registration ?
FAQ
TIDS (Travel Industry Designator Service) is a global identification program by International Air Transport Association for travel agencies and travel intermediaries.
Travel agencies, tour operators, online travel companies, travel consultants, and other travel-related businesses can apply for TIDS.
No. TIDS is an identification and recognition program, while IATA Accreditation provides authorization for direct airline ticketing.
TIDS helps improve business credibility, simplifies supplier identification, supports commission processing, and provides global industry recognition.
Yes. TIDS is specially beneficial for non-IATA accredited travel agencies seeking global recognition and supplier access.
The timeline depends on document verification and application review by IATA.
Yes. TIDS helps agencies connect with global travel suppliers and expand their international travel business opportunities.
Yes. TIDS is globally recognized across the travel and tourism industry.