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Indian nationals can now open bank accounts in Russia remotely
With an open bank account, Indian nationals can easily conduct financial transactions
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Representative Image / Unsplash
Russia has modified its rules to simplify the process for Indian tourists and students to open bank accounts with Russian financial institutions. The new rules will make it easier for Indian citizens to obtain Russian bank cards remotely.
The announcement was made by the Russian Embassy in India, in a statement on X, “We are excited to announce the decision of the Russian government to introduce simplified norms for Indian nationals seeking to open bank accounts with Russian financial institutions.”
According to the new regulations, Indian tourists and students can now open bank accounts and make deposits remotely. The embassy provided additional details suggesting that Indian nationals should contact Indian banks that have a partnership agreement with the Central Bank of the Russian Federation for assistance in the bank account opening process.
“The process is straightforward: Indian nationals wishing to open such a bank account are advised to approach an Indian bank that has a partnership agreement with the Central Bank of the Russian Federation for guidance,” the embassy statement added.
It added, “Upon arrival in Russia, it will be possible to quickly obtain a bank card in a partner Russian bank and initiate financial transactions. This feature is especially convenient for Indian tourists and students.” The adjustments made by Russia will facilitate Indian tourists and students in obtaining Russian bank cards shortly after their arrival in the country.
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