BFC Forex opens in Ludhiana, Punjab

BFC Forex and Financial Services PVT LTD (BFC Forex), one of India’s fastest growing financial exchange services, has opened its new branch today in Ludhiana, Punjab. With the opening of this branch, BFC Forex now has a total of 22 branches across India. Licensed by the Reserve Bank of India (RBI), BFC Forex is AD II licensed and caters to all financial exchange needs covering FX, outward remittance and more as per the guidelines of the RBI. It is owned by BFC Group Holdings W.L.L, based in the Kingdom of Bahrain.

The new branch in Ludhiana, the largest city in the state of Punjab, and the biggest producer of industrial goods, machine parts, auto parts, household appliances, hosiery, apparel and garments, is conveniently located at Feroze Gandhi Market, with easy access to prominent Indian cities. The branch will also assist students pursuing higher studies abroad with university fee payments and help facilitate NRI’s residing and working globally.

Post opening of the new branch in Ludhiana/Punjab, Mr. Amitava Saha – General Manager and Country Head of BFC Forex India said, “It is with great honour I am today opening our new branch, which signifies BFC Forex commitment to Punjab, as we expand to 22 branches. We have been wanting to expand our presence in the area and believe this strategic location of Feroze Gandhi Market is the perfect location.

Mr. Bobby Augustine – Head of Operation & Wholesale business (India) added “We are delighted with the location, and I am sure our branch manager, Mr. Jasvir Singh and his team will be looking 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.”

BFC Forex has more than 20 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.