Russia has unveiled a more streamlined process for Indian citizens to establish bank accounts with its financial institutions, as announced by the Russian embassy in India in a recent series of social media posts.
The Russian embassy revealed that Indian nationals will now have the ability to acquire a bank card from a partnered Russian bank and engage in financial transactions immediately upon their arrival in Russia. This development is especially beneficial for Indian tourists and students.
In one of their posts, the embassy expressed their enthusiasm, stating, "We're excited to announce the decision of the Russian Government to introduce simplified norms for #Indian nationals seeking to open bank accounts with #Russian financial institutions. It is now possible to open bank accounts or deposit funds in Russian banks remotely."
Upon reaching Russia, Indian individuals can efficiently acquire a bank card from a Russian bank that has established a partnership, facilitating quick initiation of financial transactions. This convenience is particularly valuable for Indian tourists and students.
To guide Indian nationals interested in establishing such bank accounts, the embassy explained the straightforward process, advising them to seek assistance from Indian banks with partnership agreements in place with the Central Bank of the #Russian Federation.
(With Agency Inputs)
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