Paul Merchants Gets Perpetual RBI Forex License

Paul Merchants Limited has secured a perpetual Authorised Dealer Category-II license from the Reserve Bank of India (RBI) under the Foreign Exchange Management (Authorised Persons) Regulations, 2026. This pivotal approval substantially broadens the company’s foreign exchange operations and its service offerings throughout India.

The new license empowers Paul Merchants to conduct additional non-trade current account transactions, with the specific exclusion of gifts and donations. Furthermore, it permits the firm to facilitate foreign trade transactions, capped at Rs. 25 lakh per individual transaction.

Expanded Transaction Capabilities

This regulatory change allows Paul Merchants to engage in a wider array of financial services. The focus remains on legitimate non-trade and foreign trade activities, providing more options for individuals and businesses.

Specifically, the license enables transactions that fall outside traditional merchandise trade, such as international service payments. The Rs. 25 lakh limit ensures a structured approach to managing foreign trade transaction volumes through the company.

Paul Merchants’ Operational Reach

With a history spanning over three decades in cross-border financial services, Paul Merchants operates a substantial network. The company maintains 65 offices strategically located across the nation.

Paul Merchants has historically played a role in facilitating various overseas remittances for Indian citizens. These include crucial transfers for education, medical treatments abroad, and international travel expenses.

Rajneesh Bansal, Managing Director of Paul Merchants Limited, emphasized that this latest milestone underscores their commitment. The company aims to deliver secure, compliant, and customer-centric cross-border financial solutions to its clientele.

Listed on the Bombay Stock Exchange (BSE), Paul Merchants intends to streamline global financial transactions for millions of Indians. This will be achieved by integrating its extensive experience, broad national presence, robust compliance frameworks, and advanced technology-driven customer experience.