Remittance and FX specialists BFC Forex opens new branch in Nawanshahr, Punjab

23 Feb 23 - India

BFC Forex and Financial Services PVT LTD (BFC Forex), specialists in FX and outwards remittance services across India, has opened their 31st branch in Nawanshahr, Punjab. Owned by BFC Group Holdings W.L.L, based in the Kingdom of Bahrain, and licensed by 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.

Nawanshahr which means ‘New City’ is a Municipal Council City in district of Shahid Bhagat Singh Nagar, Punjab is also called a hub of NRI belt, which offers good potential for development of the town economically and socially. The city is also well connected with Chandigarh and Jalandhar. 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.

While inaugurating the new branch, Mr. Amitava Saha – General Manager and Country Head of BFC Forex said, ” On behalf of our employees, members of the Board of Directors and shareholders, It is with great honour I am today opening our new branch, which signifies BFC Forex commitment to the city of Nawanshahr, as we expand to four branches withing Punjab. We have been wanting to expand our presence in the area and believe this strategic location of Shahid Bhagat Singh Nagar is the perfect location.”

Mr. Kaustav Khan – Head of Operation & Wholesale added, “We are excited with our expansion in Nawanshahr and look forward to providing the expertise to customers in terms of outward and inward remittance, foreign exchange, travel and wholesale business services to local businesses and individuals. We will also have more than 30 major currencies available, which are at zero percent commission and sold at competitive rates to both businesses as well as individuals.”


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