BFC Forex and Financial Services PVT LTD (BFC Forex) licensed by the Reserve Bank of India (RBI) has relocated its current branch in Hyderabad to Himayath Nagar. 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 Hyderabad is located the capital of the southern Indian State of Telangana and is one of the biggest forex markets in South India. The city continues to be known as the City of Pearls based on ancient trading centre for Pearl and Diamond. The branch is conveniently located at Highness Residency, Himayath Nagar, Hyderabad and is strategically located to cater major multinational firm and Indian firms majorly engaged in IT and other industries. 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, “The strategic relocation of this branch will now 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. We will be offering over 30 major currencies at competitive rates at zero percent commission. We will continue to reach our customers and provide them with state-of-the-art financial services in line with our vision of being the trusted remittance and FX brand.”
BFC Forex currently has 22 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.