Kolkata, India [30th May 2025] – BFC Forex and Financial Services Pvt. Ltd. (BFC Forex), a subsidiary of Al Ansari Financial Services PJSC, Dubai, UAE, is pleased to announce the opening of its 49th national branch and second branch in Kolkata, located in the Salt Lake area. A specialist and leading provider of foreign exchange services in India, BFC Forex operates under the authorization of the Reserve Bank of India (RBI) as an esteemed AD Category II license holder, specializing in seamless foreign currency exchange services in strict adherence to RBI guidelines.
The opening of the new Salt Lake branch represents a strategic milestone in BFC Forex’s ongoing expansion, reinforcing its commitment to enhancing accessibility and meeting the rising demand in India’s retail forex market. As Kolkata continues to grow as a key economic hub in eastern India, the new branch is positioned to offer greater convenience to customers by providing a wide range of services, including the sale of destination currencies for leisure, corporate, and business travel, as well as the encashment of foreign currency at highly competitive rates. Clients can expect a superior service experience, marked by personalized assistance and efficient turnaround times. In addition, the branch facilitates outward remittances for education, medical expenses, and family maintenance abroad, further strengthening BFC Forex’s reputation as a reliable partner for international financial services.
At the inauguration, Mr. Amitava Saha, General Manager and Country Head of BFC Forex, stated, “The opening of our new branch in Salt Lake, Kolkata, reaffirms our dedication to delivering exceptional customer service. Kolkata, as a significant economic hub in the eastern region of India, presents substantial potential for foreign exchange services. The establishment of a second branch in Kolkata is intended to improve accessibility for our customers. The city’s rapid economic growth necessitates this expansion. We will continue to offer seamless currency exchange and outward remittance (under AD II and LRS scheme of RBI) services from our new branch in Salt Lake.”
Mr. Kaustav Khan, Head of Operations & Wholesale, added, “Our presence in Kolkata dates back to the inception of our operations in India. With the opening of a second branch in the city, we anticipate substantial business growth. We offer over 30 destination currencies, including exotic currencies, to both individual and corporate clients. Our services encompass buying and selling foreign currencies, international money transfers for education, leisure travel, and business travel-related payments, as well as the sale of multi-currency forex cards and travel insurance.”
BFC Forex is proud of its extensive network of 49 branches across India, classified as an Authorized Dealer Category II by the RBI. As a sub-agent for reputable institutions such as Western Union, MoneyGram, BFC Cash, and Ria Money, BFC Forex efficiently receives funds from over 200 countries and territories through a vast network of over 400,000 agent locations worldwide.
