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

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister

Rajnath Singh to skip Russia visit

The decision comes amid rising tensions between India and Pakistan following the recent terror attack in Pahalgam, Jammu and Kashmir…reports Asian Lite News Defence Minister Rajnath Singh will not likely attend Russia’s

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of

India Eyes Supply Chain Shift

India’s electronics manufacturing sector is undergoing a remarkable transformation, positioning the country as a major global hub for production and supply chain diversification. Riding on favourable government policies, geopolitical tailwinds, and a
Go toTop

Don't Miss

INS Teg evacuates 14th batch of 288 Indians from Port Sudan

As many as 2,400 Indians have evacuated from Sudan, where

Preparations started for third term: Modi

The Prime Minister said the government is making a roadmap