Today: 11 July 2025
2 November 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

Masdar powers ahead in UK

€15 billion clean energy alliance powers ahead with East Anglia THREE investment and Baltic Eagle energisation….reports Asian Lite News Masdar, the UAE-based global clean energy powerhouse, and Iberdrola, one of the world’s

Indian Doctor Gets Top Sharjah Award

The award was presented by His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah. In a moment of immense pride for the Indian diaspora, renowned paediatrician-turned-entrepreneur Dr.

Peace talks in the desert

President H.H. Sheikh Mohamed reiterated the UAE’s unwavering support for initiatives aimed at fostering sustainable peace, dialogue, and development in the South Caucasus. He also applauded the willingness of the Armenian and

World’s energy thirst to grow: OPEC

UAE sticks to 5 million bpd oil output goal as OPEC launches new World Oil Outlook at Vienna seminar…reports Asian Lite News Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum

Red Sea Warzone

Iran-backed rebels intensify maritime assaults in support of Gaza; US and EU condemn abductions, Israel intercepts missile….reports Asian Lite News The Iran-aligned Houthi rebels have stepped up their maritime offensive in the
Go toTop

Don't Miss

Indian Embassy in Oman holds yoga session

India and Oman recently held the eighth strategic dialogue which

Himalayan Hemp: A startup turns bhang into prized ingredient

Haneesh Katnawer and Sonam Sodha, founders of the startup, claimed