On September 3, 2024, Sber announced the launch of deposits in Indian rupees. This was reported to RB.RU by the bank’s press service.
Author:
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It can be issued for 1, 2, 3, 6, 9 or 12 months. The minimum amount is Rs 100,000, the maximum is not limited. The rate will depend on the term of the deposit.
Depositors will be eligible to receive an income of 3.56% per annum, taking into account interest compounding, if they open a deposit for a period of one year for an amount of Rs 100,000.
The volume of transfers from Russia to India in 2024 increased 100-fold
Interest will be calculated monthly. Income can be left on deposit or transferred to a card or account. All funds on deposit and savings in rubles are insured.
The credit institution added that it is only allowed to withdraw money from a deposit in rubles. In this case, it is not necessary to purchase currency in advance: you can transfer funds from an account or card in rubles or another currency.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
