Business Categories
Foreign Exchange (FOREX)

Ambay Forex Franchise Cost – How to get, Contact, Apply, Fee

  • Area Req
    100 - 200 Sq.ft
  • Investment Range
    INR 10 Lakh - 20 Lakh
  • No. Of Franchise Outlets
    Less than 10

About brand - Ambay Forex

Ambay Forex is a specialized financial service provider operating as a money changer or foreign currency exchanger, catering to individuals and businesses in need of foreign exchange services. The shop likely operates under the regulatory framework established by the Reserve Bank of India (RBI), which governs money changers in India. Depending on the permissions granted, Ambay Forex could be classified as one of the following:

Full-Fledged Money Changer (FFMC):

These are entities authorized to undertake a wide range of foreign exchange activities, including:

  • Buying and selling foreign currency notes.
  • Providing traveler’s cheques, forex cards, and related services.
  • Offering remittance services (inward and outward remittances).

Restricted Money Changer:

Restricted money changers are authorized to perform more limited functions, such as:

  • Buying foreign exchange from individuals (such as tourists or residents returning with leftover foreign currency).
  • Selling foreign exchange for purposes like travel, education, or medical needs, subject to limits set by the RBI.

Core Services Offered by Ambay Forex:

Currency Exchange:

    • Buying and selling foreign currencies at competitive rates.
    • Conversion services for personal, business, or travel needs.

Traveler’s Cheques and Prepaid Forex Cards:

    • Offering secure alternatives to carrying cash for international travelers.

Remittances (if applicable):

    • Facilitating the transfer of funds between India and other countries through permissible channels.

Compliance and Transparency:

    • Ensuring adherence to RBI guidelines, including KYC (Know Your Customer) and AML (Anti-Money Laundering) norms.

Competitive Rates and Quick Transactions:

    • Providing real-time rates for forex transactions and ensuring seamless service.

Mission Statement:

“To provide seamless, reliable, and transparent foreign exchange services to individuals and businesses, ensuring compliance with regulatory standards while offering competitive rates and exceptional customer service. Ambay Forex is committed to empowering customers with secure and efficient currency solutions for their global needs.”

Vision Statement:

“To become a leading and trusted money changer in India by setting the benchmark for customer satisfaction, innovation, and regulatory compliance. Ambay Forex aspires to facilitate global connectivity by offering comprehensive and hassle-free forex solutions, contributing to the growth of international trade, travel, and financial inclusivity.”

Core Values

  • Integrity: Adhering to ethical practices and regulatory compliance in every transaction.
  • Customer-Centricity: Prioritizing the needs of customers through personalized services and competitive rates.
  • Efficiency: Ensuring fast and seamless processes for all forex transactions.
  • Transparency: Maintaining clarity and openness in currency rates, charges, and terms of service.
  • Innovation: Leveraging technology to enhance service delivery and provide advanced forex solutions.

Ambay Forex offers an exciting franchise opportunity for individuals and businesses looking to enter the dynamic and profitable foreign exchange industry. With the increasing demand for seamless money exchange services, Ambay Forex provides a platform to operate a compliant, customer-focused, and revenue-generating forex outlet.

Why Choose Ambay Forex Franchise?

Established Brand:

    • Leverage the reputation and credibility of an established money-changing business.

Growing Industry:

    • Tap into the expanding demand for foreign exchange services, driven by international travel, education, and trade.

Regulatory Compliance:

    • Operate under Ambay Forex's expertise in meeting RBI guidelines for money changers.

Training and Support:

    • Comprehensive training on forex operations, compliance, and customer service.
    • Continuous guidance to ensure smooth operations.

Technology Integration:

    • Access to advanced software for forex transactions and real-time currency rate updates.

Ambay Forex Franchise Cost & Investment

Commenced Operations

Operations Commenced On 2004

Franchise Commenced On 2006

Franchise Details
Units

Investment INR 10lakh - 20lakh

Franchise/Brand Fee INR 50000

Royalty/Commission 10 %

Details

Anticipated percentage return on investment 20 %

Likely pay back period of capital for a Unit Franchise 1-2 Years

Ambay Forex Expansion Plans

North

Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab

South

- NA -

East

- NA -

West

- NA -

Central

- NA -

Union Territories

- NA -

 

Tags: Business Services Business Franchise in Delhi   |   Business Services Business Franchise in Haryana   |   Business Services Business Franchise in Himachal Pradesh   |   Business Services Business Franchise in Jammu and Kashmir   |   Business Services Business Franchise in Punjab   |  

Ambay Forex Franchise Requirements

Type of property required for this franchise opportunity Domestic

Floor area requirement 100 - 200 Sq.ft

Preferred location of unit franchise outlet market area

Ambay Forex Franchise Training

Detailed operating manuals for franchisees Yes

Franchisee training location Head office

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Ambay Forex Franchise Agreement Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? 5 Years

Is the term renewable? Yes

Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.

How to get Ambay Forex Franchise

Franchise India stands as a premier platform offering a wide spectrum of franchise opportunities across diverse industries. Embarking on your entrepreneurial journey through a franchise presents a promising venture. To get information about Ambay Forex franchise, you can fill up the application form provided on the website and get all the details viz. Ambay Forex franchise fee, Ambay Forex franchise cost, Ambay Forex apply process and more.

Interested in Ambay Forex Franchise? Apply here

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