Indians Can Now Open & Manage Bank Accounts In Russia, Without Visiting Russia! (How Will It Work Out?)


Rohit Kulkarni

Rohit Kulkarni

Nov 12, 2023


In a move aimed at enhancing the convenience and accessibility of banking services for Indian citizens, the Russian government has implemented streamlined procedures for the establishment of bank accounts with financial institutions in Russia.

Indians Can Now Open & Manage Bank Accounts In Russia, Without Visiting Russia! (How Will It Work Out?)

The Russian Embassy in India recently unveiled this significant development via the social media platform X, highlighting that Indian nationals can now initiate the process of opening bank accounts and depositing funds with Russian banks from the comfort of their own homes.

Russian Embassy in India Excitedly Unveils Simplified Banking Access for Indian Nationals

The Russian Embassy in India enthusiastically announced the decision, stating, “We’re thrilled to inform the Indian community about the Russian government’s decision to introduce simplified regulations for Indians wishing to establish bank accounts with Russian financial institutions. This now means that it is entirely feasible for Indian individuals to open bank accounts and deposit funds in Russian banks without physically being present in the country.”

Accelerated Banking Access for Indian Travelers and Students in Russia

Additionally, once Indian travelers and students arrive in Russia, they will have the option to swiftly acquire a bank card from Russian banks that have partnered with this initiative. This feature is set to significantly expedite the commencement of financial transactions for Indian tourists and students during their stay in Russia.

In brief, the recent steps taken by the Russian government to streamline the process of Indian citizens opening bank accounts and conducting financial transactions have the potential to transform the banking experience for this specific group. The ease of initiating these processes from a distance and the option to rapidly acquire bank cards upon arrival hold particular advantages for Indian tourists and students, marking the dawn of a more accessible and user-friendly era in the domain of global banking services..

Image Source


Rohit Kulkarni
Rohit Kulkarni
  • 1114 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online