Russia Simplifies Norms For Indian Nationals To Open Bank Account Remotely, Check Details

The Russian government has introduced simplified norms for Indian nationals seeking to open bank accounts with Russia’s financial institutions, the Russian Embassy in India said on Wednesday, November 1. Following this, Indians can now open bank accounts in Russian banks remotely.

“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,” Russia in India said in a post on X.

It said the process is straightforward: 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 Russia for guidance.

“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 Indian tourists and students,” it said.