Paying for education in Russia made easy

• Valid KYC documents for both student and remitter
• Admission letter or fee demand letter from the educational institution (in English)
• Beneficiary bank account details
• Purpose of remittance declaration under LRS
• University/College ID card (if already issued)

*Please note: additional documents may be required by the AD II partner.

No. Our AD II partners offer both physical and remote (video-based) KYC options, in line with RBI guidelines.

Yes, provided the remitter submits valid proof of the relationship along with the required KYC documents and a declaration of the purpose of the remittance.

An account with Sberbank is not mandatory for tuition fee or personal expense remittances. Nonetheless, having a Sberbank Russia account can simplify receipt of personal expense funds.

Yes, if the course is offered by an authorised institution. Documentation such as an offer/admission letter and detailed fee structure must be provided.

Payments can be routed to any university whose account is held with an authorised financial institution in Russia, subject to applicable compliance checks.

• It’s regulated and secure. Sberbank India (AD I) and its AD II partners are fully licensed by the Reserve Bank of India (RBI) and operate in strict compliance with all regulatory guidelines, offering you a secure and trustworthy means of making a remittance for education abroad.
• Clear conversion rates. The AD II partner processing your transaction determines the foreign exchange conversion rate. While indicative rates are available on the Sberbank India website, actual rates may vary depending on the partner’s terms.
• Fast processing. Remittances are typically processed within one to two working days after submission of all the required documents, ensuring timely payments to your university or college.
• You don’t need a Sberbank account. There’s no need to open an account with Sberbank India to initiate your remittance payment. The process is designed to be seamless and accessible to all students.

The conversion rate is determined by the AD II partner. As a reference, students may view indicative rates on the Sberbank India website; however, the final rate offered by the partner may vary, factoring in applicable processing fees and risk margins related to the AD II’s responsibilities.

Yes, all outward remittances, including foreign remittances for education, are subject to the Reserve Bank of India’s Liberalised Remittance Scheme (LRS) and any other applicable regulatory limits in force at the time of the transaction. Additionally, the Bank or its AD II partner may set their own transaction limits based on internal policies, operational procedures, or risk considerations.

Under the RBI’s Liberalised Remittance Scheme (LRS), a resident individual can remit up to the permissible annual limit (e.g. USD 250,000 or as notified). Within this limit, there are no restrictions on frequency, but the purpose and documentation must align with RBI regulations.

Yes. As per Indian income tax regulations, Tax Collected at Source (TCS) may apply on outward remittances under LRS. The applicable rate depends on the purpose and value of the transaction. Students and remitters are advised to refer to the latest TCS guidelines.

Refunds are initiated by the university/college in accordance with its policies. Once the institution returns the funds, Sberbank will credit this amount to the INR account specified by the university. Foreign exchange charges may apply.

Please note that any refund will be treated as a new and separate transaction.

Refund timelines are determined by the respective university’s internal policies. Once the funds are credited back to Sberbank, they will be returned to the designated remitter’s account following applicable checks and charges.

No, late payment charges are not applied. However, any currency fluctuations resulting from delays caused by the student/remitter—such as submitting incomplete documentation—will be solely the responsibility of the student/remitter.

The remitter is required to transfer funds from an Indian bank account in INR to the AD II partner using UPI, IMPS, NEFT, RTGS, or online banking.

No. Visa guidance, processing, and sponsorship fall outside the scope of services provided by Sberbank India and its AD II partners.

Accommodation search is not offered by Sberbank. Students should contact university housing offices or independent accommodation agencies in Russia.

For tuition fee remittances, please liaise first with your university/college. Sberbank Russia’s branches may also assist with credit or tracking queries.

No. Sberbank’s role is limited to facilitating compliant remittances; we do not administer scholarships or fee concessions.