Remittance and FX specialist BFC Forex opens new branch in Vadodara, Gujarat

17 Feb 22 - India

BFC Forex and Financial Services PVT LTD (BFC Forex), India’s emerging financial exchange, inaugurated its 24th state-of-the-art branch at Vadodara, one of the key localities of Gujarat, at the hands of Mr. Amitava Saha, General Manager and Country Head. BFC Forex is owned by BFC Group Holdings W.L.L, based in the Kingdom of Bahrain. It is AD II licensed and specializes in Outward Remittance as per the guidelines of the Reserve Bank of India (RBI). 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 Vadodara also known as Baroda is the third-largest city in the state of Gujarat and is one of the fastest growing urban areas in India. The city is famous as the cultural capital of Gujarat as well as a centre of educational activities. The branch is conveniently located at Race Course Circle, Vadodara and is strategically located to cater to multinational companies, local SMEs who are engaged in Petrochemical, engineering, chemicals, pharmaceuticals and cotton textile. 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.

When opening the new branch in Vadodara, Mr. Amitava Saha – General Manager and Country Head of BFC Forex India said, “On behalf of our employees, members of the Board of Directors and shareholders, we’re excited to be opening our 24th branch. Along with the recent opening of our branches in Amritsar and Ludhiana, we are pleased to expand our retail footprint in Gujarat. We look forward to becoming an integral part of the city. We’re looking forward to serving individuals and local businesses with their remittance and foreign currency needs. Whether it be outward or inward remittance, foreign exchange, travel and wholesale business services, our employees are ready to help. We stock over 30 major currencies, sold always at competitive rates and zero percent commission. Our group prides itself on providing our international expertise and trusted experience to our customers.”

BFC Forex currently has 23 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.

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