BFC Forex Opens New Branches in Guwahati and Hyderabad

20 Oct 15 - India
BFC Forex Opens New Branches in Guwahati and Hyderabad

BFC Forex & Financial Services PVT LTD (BFC Forex) licensed by the Reserve Bank of India (RBI) has opened 2 new branch locations in Guwahati, Assam State and Hyderabad, Telangana State.

BFC Forex & Financial Services PVT LTD (BFC Forex) licensed by the Reserve Bank of India (RBI) has opened 2 new branch locations in Guwahati, Assam State and Hyderabad, Telangana State. BFC Forex, an approved and licensed entity under RBI’s Money Transfer Service Scheme (MTSS), is owned by BFC Group Holdings, a leading international money transfer and foreign exchange group based in the GCC.

The Guwahati branch, BFC Forex’s first branch in the Assam state, is located in one of the largest metropolitan areas in eastern India and is one of the fastest developing cities in India. The Hyderabad “City of Pearls” branch situated in an area with more than 1300 IT and ITES firms. Both branches are in great locations to cater for retail forex corporate and individual customers, as well as providing wholesale services to the local businesses.

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 new branches in Guwahati & Hyderabad.  These are thriving industrial and commercial areas and our branches will cater to Retail, corporate forex and wholesale business needs as well as providing great forex exchange rates for individuals.”

BFC Forex is licensed as a Fully Fledged Money Changer (FFMC) granted by RBI. It is the sole principal agent of Bahrain Financing Company for their cash remittance product (EzRemit) as licensed by RBI.  With the license under the 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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