BFC Forex and Financial Services PVT LTD (BFC Forex) licensed by the Reserve Bank of India (RBI) has opened its 21st branch at Vijayawada, Andhra Pradesh. BFC Forex is AD II licensed and specializes in Outward Remittances for various purposes as per the guidelines of the RBI. It is owned by BFC Group Holdings W.L.L, a leading international money transfer and foreign exchange group based in the Kingdom of Bahrain.
The new branch in Vijayawada is the second-largest city in the state of Andhra Pradesh and is one of the fastest growing urban areas in India. The city has emerged as major educational hub. The branch is conveniently located at Sailok Complex, Lappipet and is strategically located to cater to multinational companies, local SMEs who are engaged in entertainment, Construction, food as well as education, health care and transport Industry. The branch will also help to facilitate NRI’s residing and working in all parts of the globe and assisting for university fee payment to students pursuing higher studies abroad.
Commenting on the recent expansion of its retail network, Mr. Amitava Saha – General Manager and Country Head of BFC Forex said, ” I am pleased to announce the opening of our 21 branches in India and the first branch in Andhra Pradesh State. The city is one of the fastest growing urban area and we are willing to cater the market with the Business opportunities. 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 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.”
BFC Forex currently has 20 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.