Studying abroad is a big dream for many, and Russia, with its top-notch universities and lively culture, is a great choice for Indian students. If you are planning to study in Russia, you might be wondering: “Can I send money from India to cover education costs?”
The answer is yes, you can! At Unimoni, we make this process easy and stress-free so you can focus on your studies. Most remittances to Russia are for MBBS students, and Unimoni is experienced in handling such transactions efficiently.
Chasing Your Education Dreams with Unimoni
We know how important your education journey is. Unimoni is here to make sending money abroad for studies simple and smooth. Let’s look at how it works in easy terms:
RBI’s Liberalised Remittance Scheme (LRS): The Reserve Bank of India (RBI) allows you to send up to USD 250,000 (about Rs 2.1 crore, depending on exchange rates) every financial year for things like studying abroad. Russia is included in this scheme. If your university fees are higher than this limit, Unimoni, as an RBI-approved dealer, can help you with special permissions to make it happen. Many Indian parents look for how to “Pay MBBS fees Russia from India” — Unimoni is the trusted partner for that.
Who Can Send & Receive Money?: You, as a student, or your close family members (like parents or siblings) can send the money. For education purposes, the money must go directly to the official bank account of the university or college in Russia, not to any personal account. This follows RBI rules to ensure the funds are used only for your studies.
Simple Documents Needed
We keep things hassle-free. You will usually need:
- A copy of the student’s passport
- The university’s admission or offer letter
- A filled LRS form (our friendly staff at Unimoni branches will help you with this)
- The PAN card of the person sending the money
Safe SWIFT Transfers: Your money is sent securely through SWIFT, a trusted global system. Even with some international restrictions, SWIFT transfers for education to approved institutions in Russia are still allowed from India. You can choose:
- OUR Option: You pay all charges upfront, so the university gets the full amount.
- SHARE Option: Charges are split, and a small fee might be taken by banks in between.
While transfers are allowed, it’s good to be aware that Russian Ruble (RUB) remittances can face occasional banking or currency-related delays. Unimoni helps mitigate these with expert handling.
Special Tip for Russia: If you are going to Russia or nearby CIS countries, you can carry more foreign currency notes than the usual USD 3,000 limit—up to the full LRS limit. This can help cover initial expenses like settling in. Also, Russia has made it easier for Indian students to open local bank accounts after arriving, which is great for managing daily expenses. While not mandatory for remittance, having a valid Russian student visa supports documentation and eases approval.
Why Pick Unimoni?
At Unimoni, we are not just about transferring money—we are about helping you achieve your dreams. Let’s look at why students and families trust us:
- Expert Guidance: Our team at every Unimoni branch explains everything clearly and helps you follow all currency rules, especially with changing global situations.
- Safe & Reliable: We ensure your money reaches the right place without any issues.
- Student-Friendly Service: Your convenience and peace of mind are our top priorities.
Starting your education in Russia is a big step, and Unimoni is here to support you every step of the way. Focus on your studies, and let us handle the money transfer with care. We are proud to help India’s bright students shine on the global stage.
FAQ
1. Can I pay MBBS fees in Russia directly from India?
Yes. Unimoni enables smooth, RBI-compliant remittance to universities in Russia, especially for MBBS students.
2. What documents do I need to send money for education in Russia?
You’ll typically need the student’s passport, admission letter, PAN card of the sender, and a filled LRS form.
3. Are there any issues with RUB payments?
Most institutions prefer USD/EUR, but if RUB is required, Unimoni can assist. Some delays may happen due to bank processing in Russia.
4. Can I send money without a Russian student visa?
Yes. While a visa is not mandatory for remittance, it helps support your documentation. An admission letter is essential.
5. How long does the transfer to Russia take?
SWIFT transfers typically take 1–3 working days.
6. What if my MBBS fees are above USD 250,000?
Unimoni can assist you with documentation and RBI permissions for exceeding the LRS cap.
