Money Papers

Proof of Money (Proof of Funds) for Studying in Russia

Russia does not publish a fixed amount of money a student must show. The Embassy of Russia in Islamabad (Pakistan) asks for a bank statement. In India, the visa papers list does not ask for one. Your bank papers matter most when you send fees.

MONEY PAPERS

RUSSIA STUDY VISA

Example

Bank statement (Pakistan visa)

REQUIRED

Fee invoice from the university

REQUIRED

PAN card (India's tax ID card) of the sender

REQUIRED

Example card.

How Much Money Do You Need to Show?

Russia has no fixed national amount for a study visa. The Embassy of Russia in Islamabad asks for a bank statement without a minimum. Plan to cover your fee and living costs.

What to Budget For

Plan with real costs:

Tuition: for example RUB 653,400 (Russian roubles) a year in 2026-27 for General Medicine at Kazan Federal University.
Living costs: about RUB 23,000 to 26,000 a month in total in an ITMO University dormitory in Saint Petersburg.

Good to Know

Tax Collected at Source (TCS) is an extra tax the bank collects on money sent abroad from India under LRS.
LRS limit: up to USD 10,000 (US dollars) per transfer.

See tuition fees in Russia See living costs in Russia

Papers You May Need

What banks and visa offices ask for.

Bank statement

For the visa in Pakistan

•
The Embassy of Russia in Islamabad asks for a bank account statement.
•
It gives no minimum amount.

Papers to send fees from India

Under the Liberalised Remittance Scheme (LRS), the Indian rule for sending money abroad

•
PAN card (India's tax ID card) and an ID with address of the person who sends the money.
•
Proof of relationship if a relative sends it.
•
Your passport and your admission letter.
•
The university's invoice with its bank details.

Papers to send living money

To your own Russian bank account

•
Your passport and Russian visa.
•
Your student card or proof of enrolment.
•
The name on the Russian account must match your passport.

See visa requirements

Sending Money From India

How families in India send fees and living money to Russia.

Steps

1Contact a partner bank

Timing: When you get your invoice

Sberbank India works through partner banks in India.

2Hand in papers

Timing: Same week

The partner checks your papers and prepares Form A2, a declaration you sign.

3Pay the partner

Timing: After the exchange rate is fixed

Pay the amount plus Tax Collected at Source (TCS), an extra tax the bank collects, and GST, a tax on charges.

4Get the receipt

Timing: Next working day

You get a transfer copy called MT103 (a bank proof that the money was sent).

How Long It Takes

Sberbank India transferSame day, confirmed by noon the next working day

Tips

Send papers before 3 PM India time for same-day processing at Sberbank India.
Each payment needs a bank code for its reason: S0305 for tuition paid to the university, S1301 for living money.

Open a bank account in Russia