BFC Forex broadens its reach by opening its 36th branch in Bathinda, Punjab

28 Nov 23 - India

BFC Forex and Financial Services PVT LTD (BFC Forex) is delighted to announce the grand opening of its 36th branch in Bathinda, marking its fifth branch in the state of Punjab. With a strong reputation in foreign exchange and outward remittance services across India, BFC Forex takes great pride in this expansion. As a subsidiary of BFC Group Holdings W.L.L, headquartered in the Kingdom of Bahrain, and duly authorized by the Reserve Bank of India (RBI), BFC Forex holds an esteemed AD II license. This license allows us to specialize in seamlessly facilitating Outward Remittances, strictly adhering to the guidelines set forth by the RBI.

The newly inaugurated branch, situated in the city of Bathinda, is dedicated to serving the requirements of both retail and corporate clients, offering them unmatched accessibility and convenience. Our primary objective is to assist students from nearby regions who aspire to study abroad by facilitating university payments and remittances. The branch is strategically located in a commercial area, which serves as a centralized hub for immigrant consultants and private banks, ensuring seamless connectivity for our esteemed customers through various modes of transportation.

During the inauguration of the new branch, Mr. Amitava Saha, General Manager and Country Head of BFC Forex, expressed, “Punjab is one of the foremost potential markets for foreign exchange and remittance business, due to its increased number of travellers across the world from the region and NRI base. With great pleasure, I am delighted to announce the opening of our 36th branch in the city of Bathinda, marking our 5th branch in the state of Punjab. This strategic expansion allows us to better serve our valued customers in this thriving market. This achievement is the result of the collective efforts of our incredible team, who have worked tirelessly to bring our vision to life. Their dedication and hard work have made this expansion possible, and we are grateful for their commitment.”

Mr. Kaustav Khan, the Head of Operations & Wholesale, expressed, “This expansion demonstrates our steadfast dedication to providing accessible and dependable financial services to the residents and businesses of this vibrant region. By establishing our presence in Bathinda, we strive to enhance convenience and efficiency, enabling our valued customers to engage in seamless transactions. Our comprehensive range of offerings will encompass more than 30 major currencies, all available with zero percent commission and offered at competitive rates, catering to the needs of both businesses and individual customers alike.

BFC Forex prides itself on its extensive network of 36 branches throughout India, holding the esteemed classification as an Authorized Dealer Category – II, granted by the RBI. As a sub-agent for reputable institutions such as Western Union, MoneyGram, Transfast, and Ria Money, we possess the capability to efficiently receive funds from over 200 countries and territories. This wide-ranging service is made possible through a vast network of over 400,000 agent locations strategically dispersed worldwide.


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