Sberbank launches transfers in rupees by account number to banks in India – Kommersant
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Sberbank customers can transfer rupees by account number to banks in India through the bank’s application or its website. The minimum transfer amount is 50 thousand rupees or rubles, depending on the transfer currency.
The bank commission will be 1% of the transfer amount. Delivery time is up to three business days. If Indian rupees are on the savings account of a Sberbank client, the transfer currency will be rupees, if rubles are the Russian currency, the bank explained.
VTB in December 2022 launched direct settlements in rupees for small and medium businesses. In June 2023, Otkritie Bank launched for business direct payments in Indian rupees. In the same month, outgoing transfers in rupees became available to Tinkoff Bank customers. In August VTB began open accounts in Indian rupees for retail clients.
About the popularity of this currency – in the material “Kommersant” “Walking the rupee across the three seas”.
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