BFC Forex and Financial Services PVT LTD (BFC Forex), specialists in FX and outwards remittance services across India, has opened their 22nd branch in Amritsar, Punjab. Owned by BFC Group Holdings W.L.L, based in the Kingdom of Bahrain, and licensed by the Reserve Bank of India (RBI), BFC Forex is AD II licensed and specializes in Outward Remittances for various purposes as per the guidelines of the RBI.
The new branch in Amritsar, one of the fastest growing urban areas in India, and quickly emerging as a major commercial, cultural, and transportation centre, is conveniently located at Court Road and is strategically located to cater to industries who are engaged in textile, chemical, food milling and processing, silk weaving, tanning, canning and manufacture of machinery. The branch will also help to facilitate NRI’s residing and working across the globe and assist students pursuing higher studies abroad with university fee payments.
While inaugurating the branch, Mr. Amitava Saha – General Manager and Country Head of BFC Forex India said, “BFC Forex is passionate about our customers and how we can serve them. This new strategic location in Amritsar expands our retail network to 22 branches countrywide and locally will provide businesses, as well as individuals the opportunity to experience our products and services. Our Branch Manager, Mr. Jatinder Singh will be looking forward to welcoming customers and facilitating their needs in terms of outward and inward remittance, foreign exchange, travel, and wholesale business services at this branch. The branch will have over 30 major currencies at competitive rates at zero percent commission and are committed to offering international expertise and trusted experience to our customers.”
BFC Forex currently has 21 branches across India and is licensed as Authorised Dealer Category -II granted by RBI. We are a sub-agent of Western Union, MoneyGram, Transfast and Ria Money with the ability to receive money from over 200 countries and territories. We have also been appointed as the Indian Agent for EzRemit Money Transfer. EzRemit provides money transfer services to over 30 countries with more than 46,000 agent locations worldwide. With the license under Money Transfer Service Scheme (MTSS), BFC Forex is able to serve customers by cash payments across its own counters and also through a sub-agent network of more than 15,000 locations in India.