BFC Forex and Financial Services PVT LTD (BFC Forex), India’s emerging financial exchange, inaugurated its 25th state-of-the-art branch at Bareilly, one of the key localities of Uttar Pradesh 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).
The new branch in Bareilly city, one of the largest metropolises in Western Uttar Pradesh, is conveniently located at the ground floor of SA 72/79, Deen Dayal Puram locality, behind Ganga Sheel Medical Research Centre. The branch is strategically located to cater to multinational companies, local SMEs who are mostly engaged in diamond & gold jewellery processing, textile industries and individual customers comprising of a good percentage of NRI’s residing and working globally. The branch will also help to facilitate university fee payment for students pursuing higher studies abroad.
While inaugurating the branch, Mr. Amitava Saha – General Manager and Country Head said, “BFC Forex is passionate about our customers and how we can serve them. This new strategic location in Bareilly expands our retail network to 25 branches countrywide and locally will provide businesses, as well as individuals the opportunity to experience our products and services.”. He added, “Our State Manager, Mr. Avnish Mishra and Branch In-Charge, Mr. Vinay Kumar Sharma will be looking forward to welcoming customers and facilitating their needs in terms of outward and inward remittance, foreign exchange, travel, and wholesale business services at this branch. The branch will have over 30 major currencies at competitive rates at zero percent commission and are committed to offering international expertise and trusted experience to our customers.”
BFC Forex currently has 25 branches across India and is licensed as an 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 with over 400,000 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 through a sub-agent network of more than 15,000 locations in India.
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