Russia eases norms for Indians to open accounts in Russian banks. Details here
Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! “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," it said.
Upon arrival in Russia, it "will be possible to quickly obtain a bank card" in a partner Russian bank and initiate financial transactions, the statement further noted. This feature is especially convenient for Indian tourists and students, the embassy said.
A significant number of Indian students travel to Russia to pursue education, mostly in medical courses. In 2021, the year before the Russia-Ukraine war broke out, a total of 15,814 Indians had taken admission in Russian colleges and universities, as per the government data.
The simplification of bank account opening procedure has been announced by Russia weeks after it said that Indians can apply for electronic visa to enter the country. Along with India, 53 other countries have been extended the e-visa facility by Moscow."Exciting news! Mint is now on WhatsApp Channels
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