VTB Bank will begin cross-border transfers in Indian rupees for retail customers by the end of September. In this respect reported bank press service.
“Our customers, including legal entities, will have the opportunity to make transfers to India. VTB member Svyatoslav Ostrovsky noted that given the intensification of business interaction between the two countries and the high tourism potential of India for Russian tourists, our new service will be in demand not only among existing, but also potential VTB customers. panel.
The bank noted that in the sanctions environment, interest in transfers in “soft” currencies of friendly countries has increased. Previously, VTB had already initiated such transfers to China, Vietnam and other countries.
The maximum amount of a transaction will be 20 million rubles, the commission will be 1% of the transfer amount. The bank announced that the money will be transferred to the recipient’s account in India within two business days.
socialbites.ca in early September said About 5 ways to transfer money abroad from Russia
previously economist named Advantages of the limit on ruble transfers abroad.