BFC Forex continues expansion by opening new branch in Chandigarh, Punjab

28 Jun 21 - India
BFC Forex continues expansion by opening new branch in Chandigarh

BFC Forex and Financial Services PVT LTD (BFC Forex) licensed by the Reserve Bank of India (RBI) has opened its new branch at SCO 16, Sector 20D, Chandigarh, Punjab – 160020. BFC Forex is ADII licensed and specializes in Outward Remittances as per the guidelines of the RBI. It is owned by BFC Group Holdings, a leading international money transfer and foreign exchange group based in the Kingdom of Bahrain.

“We are excited to be opening our new branch in one of the fastest growing IT cities in India. Along with the recent opening of our Jalandhar branch earlier this month, we are pleased to expand our presence in Chandigarh and our competitive products and services to residents and business owners of this vibrant community,” said Mr. Amitava Saha – General Manager and Country Head of BFC Forex.

The new branch in Chandigarh is well connected with all major cities and is conveniently located to those travelling to and from the international airport. The branch also caters to fast emerging local IT Companies, multinational companies and individual customers comprising of a good percentage of NRI’s residing and working globally. The branch will also help to facilitate university fee payment for students pursuing higher studies abroad.

Chandigarh has undergone rapid urbanisation and has developed into an industrialised centre of commerce. With the opening of our new branch, both businesses as well as individuals in the region will get easy accessibility to avail outward and inward remittance, foreign exchange, travel and wholesale business services at this branch.  We also offer over 30 major currencies at competitive rates at zero percent commission.  We are committed to offering a pleasurable experience to our customers at BFC Forex. With a passionate team, we aim to continue our expansion across India,”

BFC Forex currently has 18 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.

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