BFC Forex and Financial Services Pvt. Limited (BFC Forex), a market leader in the foreign exchange and remittance business in India, is proud to announce the opening of its 45th branch in Muzaffarpur, its second branch in the state of Bihar. A subsidiary of BFC Group Holdings W.L.L, headquartered in the Kingdom of Bahrain, BFC Forex operates under the esteemed authorization of the Reserve Bank of India (RBI), holding a prestigious Category AD II license. This license allows BFC Forex to facilitate seamless outward remittances while adhering strictly to RBI guidelines.
The newly inaugurated branch, strategically located in Brahampura, Main Road, Muzaffarpur, is designed to cater to both retail and corporate customers. Our aim is to provide unparalleled accessibility and convenience, particularly for students from nearby regions aspiring to study abroad, by facilitating university payments and remittances.
During the inauguration of the new branch, Mr. Amitava Saha, General Manager and Country Head of BFC Forex, stated, “I am thrilled to announce the opening of our 45th branch in Muzaffarpur, marking another milestone in our expansion journey within the state of Bihar. This achievement would not have been possible without the unwavering support and dedication of our incredible team, who have worked tirelessly to bring our vision to life. I look forward to continuing our journey together, delivering the best possible service to our customers and the community we serve.”
Mr. Kaustav Khan, Head of Operations & Wholesale, conveyed, “This expansion reflects our commitment to bringing accessible and reliable financial services closer to the residents and businesses of this vibrant region. With our presence in Muzaffarpur, we aim to enhance convenience and efficiency, enabling our customers to engage in seamless transactions. We offer a wide range of over 30 key currencies with zero percent commission, competitive rates, and services tailored to meet the needs of both businesses and individuals”.
With a robust network of 45 branches across India, BFC Forex is well-positioned as an Authorized Dealer Category – II. The company serves as a sub-agent for renowned institutions like Western Union, MoneyGram, Transfast, and Ria Money, enabling it to receive funds from over 200 countries and territories through a global network of more than 400,000 agent locations.
