November 2, 2023
1 min read

Moscow eases norms for Indians to open accounts in Russian banks

Indian national tourists or students can reach out to an Indian bank which has a collaboration with the Russian Central Bank and can open their bank account, following conveniently obtain bank card to initiate financial transactions in Russia…reports Asian Lite News

The Russian government announced on Wednesday that it has decided to simplify norms for Indian nationals wishing to open their bank accounts in Russian banks while staying in India.

Taking to X, Russian Embassy in India shared about the move saying, “We’re excited to announce the decision of the Russian Government to introduce simplified norms for #India’n nationals seeking to open bank accounts with #Russia’n financial institutions. It is now possible to open bank accounts or deposit funds in Russian banks remotely.”

Under this move, Indian national tourists or students can reach out to an Indian bank which has a collaboration with the Russian Central Bank and can open their bank account, following conveniently obtain bank card to initiate financial transactions in Russia.

The Russian Embassy in India said in a post on X, “The process is straightforward: #India’n 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 #Russia’n Federation for guidance.”

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 #India’n tourists and students.” (ANI)

ALSO READ-Will Russia’s Middle East Bid Gain Advantage?

Previous Story

CERT-In to probe iPhone hacking attempt charges

Next Story

Garcetti holds talks with CEO of US-India Strategic Forum

Latest from -Top News

Child Marriage Still Plagues Bangladesh

The UNICEF report highlights that Bangladesh has the highest rate of child marriage in Asia, with over 50 per cent of girls being married off before the age of 18 A recent

Protests Sweep Pakistan Over Sindh’s Rights

Zehra Khan warned that Sindh’s civilisation faces serious threats due to government policies….reports Asian Lite News Pakistan has witnessed a series of protests in recent days, with citizens voicing their anger against

BAPS Temple Vandalised in California

The ‘anti-Hindu’ messages included phrases such as ‘Hindus go back,’ alarming the local Hindu community A BAPS Shri Swaminarayan Mandir, one of the largest Hindu temples, located in Chino Hills, California, was
Go toTop

Don't Miss

Indian Navy chief begins 4-day Lanka visit

As part of the visit, Admiral R Hari Kumar will

‘Rising costs of material, fuel next big challenge’

Rising costs of material as well as fuel are the