Transparent Er3+/Tm3+ codoped CaF2 based oxyfluoroborosilicate glass-ceramics (BSEr1TmxGCs) with variable Tm3+ concentration were prepared through melt quench process followed by reheat treatment at 450 °C/1h. They were characterized through differential scanning calorimetry (DSC), powder X-ray diffraction (XRD), Fourier transform infrared (FTIR) Raman spectroscopy, near infrared (NIR) emission and luminescence decay. The formation of CaF2 nanocrystallites against oxyfluoroborosilicate glassy phase was confirmed by scanning electron microscopic (SEM) and hi-resolution transmission electron microscopic (HRTEM) studies. The NIR emission properties were investigated at 460 nm diode laser pumping. The applicability of BSEr1TmxGCs were examined by evaluating effective bandwidth (Δλeff), stimulated emission cross-section (σe), gain bandwidth (σe × Δλeff), figure of merit (σe × τR) and quantum efficiency (ηQE). The energy transfer efficiency (ηET), rate of energy transfer (WET) between Er3+ and Tm3+ and the rate of non-radiative transitions (WNR) were also calculated. The comparative NIR emission performance suggests that the BSEr1Tm1GC has proficiency for 1530 nm broadband fiber lasers and optical amplifiers in short wavelength and conventional wavelength (S + C) band communication window.