RRSB FOREX is a leading foreign exchange firm. Among the first ones to establish foreign exchange dealership in India, RRSB FOREX has also been the first to acquire RBI issued licenses. With all its traditional values, RRSB FOREX looks towards the future with a modern outlook. With over 30 Franchises spread all over the country, RRSB FOREX provides refreshed incentives to enhance its Franchise Network.
   
Eligibility
  • Any individual, registered Company or a Partnership Firm may apply for a free conversion Franchise License.
  • The franchisee must possess an operational office premises in a good location.
  • In case the application is through a registered company or Partnership Firm, a Consent Form must be provided by all operating members/ directors.
  • Address proof, sale deed, rent or lease papers must be provided to ensure the ownership of office space.
  • PAN Number
  • Other Licenses acquired independently
  • Bank Confidential Report
Other undertakings and documents will be processed on further interest, enquiry and discussion.
 
Incentives
  • RRSB FOREX will provide various incentives to the Franchisee once the deal has been established, based on various factors.
  • Best market rates vis-à-vis volumes will be provided.
  • On-spot incentive or incentives on a monthly basis may be provided, depending on the nature of the business.
  • Incentives are also provided on the amount of foreign exchange surrendered to RRSB Head Office or Branch Office.
Basic Guidelines
  • The office must bear the name of "RRSB FOREX" or its nomenclature.
  • Basic substantial business must be maintained, depending on office location, manpower and other capacities, which will be determined at the time of actual dealings.
  • Monthly reports of purchase, sales, rates, margins, etc. must be provided as requested for.
  • Franchises must consent to internal audits by RRSB Head Office or Branch Office personnel.
Please note that this is only a basic structure of the eligibility criteria, incentives, and guidelines. Other details, varying from situation to situation will be explained at the time of actual agreement dealings.