Indian Nationals Can Now Open Accounts in Russian Banks Remotely

Brief by Shorts91 Newsdesk / 10:50am on 02 Nov 2023,Thursday Business

The Russian government has simplified norms allowing Indian nationals to open bank accounts with Russian banks remotely while still in India. In a social media post, the Russian Embassy in India said Indian tourists or students can now open accounts by approaching an Indian bank tied to the Russian Central Bank. They can then conveniently obtain a debit card to initiate transactions upon arriving in Russia. The Embassy said the process is straightforward and Indian nationals should contact partner Indian banks for guidance on opening these Russia-based accounts. The move is aimed at convenience for Indian tourists and students in Russia.

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