BFC Forex and Financial Services Pvt Ltd (BFC Forex), a prominent entity in the foreign exchange and outward remittance industry in India, is pleased to announce the inauguration of its 46th national branch, located in Navsari, Gujarat. This marks the sixth branch in the state of Gujarat. As 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) with an AD Category II license, ensuring strict adherence to RBI guidelines on forex policies.
Strategically located for customer convenience, the new Navsari branch aims to bring top-tier foreign exchange services closer to the community. This expansion underscores BFC Forex’s commitment to growth and its dedication to meeting the evolving needs of the foreign exchange and remittance market in India.
During the inauguration, Mr. Amitava Saha, General Manager and Country Head of BFC Forex, expressed his enthusiasm: “We are thrilled to open our 46th branch in Navsari. This expansion allows us to better serve both retail and corporate clients who require foreign currencies for leisure or business travel. Additionally, we cater to students pursuing international education with a comprehensive range of forex-related financial services. Our dedicated team at the Navsari branch is equipped to handle all foreign exchange needs, offering competitive rates and seamless service. I extend my heartfelt gratitude to our team for their hard work in making this new branch a reality.”
Mr. Kaustav Khan, Head of Operations & Wholesale, added: “Our new branch will offer over 30 major destination currencies with zero commission and competitive rates, providing convenient access to foreign exchange for both businesses and individuals. This expansion reflects our commitment to serving the Navsari community with reliable foreign exchange services. With our presence here, we aim to meet Navsari’s foreign currency and overseas student remittance needs, making transactions faster and easier.”
BFC Forex takes pride in its extensive network of 46 branches across India, holding an Authorized Dealer Category – II license granted by the RBI. Our partnerships with leading money transfer providers such as Western Union, MoneyGram, BFC Cash, and Ria Money enable us to facilitate international inward money transfers efficiently from over 200 countries and territories. This extensive reach is further enhanced by our access to a global network of over 400,000 agent locations, strategically positioned to provide unparalleled convenience for foreign exchange and money transfer needs.
