Foreign Exchange Services
Department of Posts has tied up with HDFC Bank Ltd to provide foreign exchange service in select Post Offices across the country. Department of Posts has been given ‘Full Fledged Money Changer’s License’ by Reserve Bank of India under Foreign Exchange Management Act 1999 to undertake money changing business. Based on the license, Department of Posts is providing foreign exchange services through 122 Post Offices across the country.
Expansion of Foreign Exchange services is an ongoing process and it is based on the approval from RBI, customer demand and other business requirements.
source:PIB
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