BFC Forex and Financial Services PVT LTD (BFC Forex) licensed by the Reserve Bank of India (RBI) has opened its new branch in Jalandhar, Punjab. 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, a leading international money transfer and foreign exchange group based in the Kingdom of Bahrain.
The new branch in Jalandhar is conveniently located on the ground floor of AGI Business Centre, near to the bus stand. The branch is strategically located to cater to multinational companies, local SMEs 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.
Commenting on the recent expansion of its retail network, Mr. Amitava Saha – General Manager and Country Head of BFC Forex said, ” I am delighted to announce the opening of our first branch in Jalandhar. The city has undergone rapid urbanisation and has developed into an industrialised centre of commerce. 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. 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.