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RBI sets Rs 10 crore turnover threshold for money changers to tighten forex accountability
Economy
Published on 7 May 2026
Responsibility shifts to principal authorized dealers
The Reserve Bank of India has unveiled tighter oversight for the money changing industry, grounding the sector in banking principles. RBI set a ₹10 crore annual turnover threshold for authorized dealers and shifted compliance responsibility toward principal authorized dealers. The move aims to strengthen accountability for customer protection and ensure better adherence to forex transaction rules.
- RBI introduces new rules grounded in banking principles
- Authorized dealers face a ₹10 crore annual turnover threshold
- Compliance responsibility shifts to principal authorized dealers
- Customer protection and forex compliance are prioritized
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times