BFC Forex and Financial Services PVT LTD (BFC Forex), one of India’s fastest growing financial exchange services, has opened its new branch today in Nagpur. With the opening of this branch, BFC Forex now has a total of 26 branches across India. Licensed by the Reserve Bank of India (RBI), BFC Forex is AD II licensed and caters to all financial exchange needs covering FX, outward remittance and more as per the guidelines of the RBI. It is owned by BFC Group Holdings W.L.L, based in the Kingdom of Bahrain.
The new branch in Nagpur caters to the third-largest city in the state of Maharashtra and is one of the fastest growing urban areas in India. BFC Forex is conveniently located on the first floor of Milestone building at Ramdaspeth, Nagpur and is strategically located to cater to multinational companies, local SMEs who are engaged different sector specially in engineering, technology and consultancy. The branch will also help to facilitate NRI’s residing and working globally. The branch will also facilitate university fee payment to students pursuing higher studies abroad.
While inaugurating the branch, Mr. Amitava Saha – General Manager and Country Head of BFC Forex India said, “This is our third branch in Maharashtra, one of the fastest growing urban areas and we are extending our services to Nagpur to cater to the business opportunities that exist here. Our new branch will provide easy accessibility to both businesses as well as individuals in the region allowing customers to avail outward and inward remittance, foreign exchange, travel and wholesale business services. 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 26 branches across India and is licensed as an 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 with over 400,000 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 through a sub-agent network of more than 15,000 locations in India.