Sberbank Branch in India
Your trusted partner for Indo-Russian business relations
Indo-Russian cooperation
The main bank partner
Operating in India since 2010
Best choice for corporate business
Two offices of Sberbank in India
In New Delhi and Mumbai
Exchange rates
INR/RUB
You buy 1 INR for
1.2064
You sell 1 INR for
1.1030
USD/INR
You buy 1 USD for
89.1200
You sell 1 USD for
79.0300
EUR/INR
You buy 1 EUR for
96.4600
You sell 1 EUR for
85.5400
JPY/INR
You buy 1 JPY for
0.5900
You sell 1 JPY for
0.5200
Sberbank Online to relaunch
New SBERBANK Internet Banking for corporate clients is set to go live in October 2024. To ensure a smooth transition, update your account details. You will receive a detailed guide with all the necessary information via email in the coming weeks.
If your mobile number has changed recently, please contact your relationship manager.
How we can help
Our USP is our knowledge of Russian customers, and this is how we are prepared to assist your business
Learn moreRemittance
RUB-INR
INR-RUB
INR-INR
Corporate account services
Current account
Escrow account
Collection account
Collection account for Indian exporters
Fixed deposit account
Bank guarantees
Against counter-guarantee
Against 100% deposit
Learn more
Doing business with Russia
Latest cases, current trends, and original research
Sber and its business in India
Sberbank’s business initiatives in India exemplify a strategic approach accessing the vast potential of the Indian market
Doing business with Russia
Frequently asked questions
We help you quickly find answers to popular questions, saving you time on the search
How long has Sberbank been operating in India?
Sberbank has been operating in India since 2010 with its New Delhi branch. A new branch was opened in Mumbai, the financial capital of India, in 2023. It is a licensed bank by the Reserve Bank of India (RBI) and categorized as a Scheduled Category -1 Bank, having its own infrastructure in place to provide banking services.
In which currencies can remittances be made or received?
Sberbank can send and receive money transfers in the national currencies of India and Russia, i.e., rupees and rubles. When funds are sent from Russia from a ruble or rupee account, they are credited to the counterparty’s rupee account. When funds are sent from India from a rupee account, they can be credited to either a rupee or ruble account of the counterparty. If contracts are denominated in currencies other than rupees and rubles, transactions are also done in the national currencies, and the conversion rate should be fixed additionally.
How can clients operate their accounts?
Sberbank provides internet banking services to its clients to operate their accounts remotely. Clients can also operate their accounts through offline modes like RTGS/NEFT.
Is it possible for Sberbank India to provide credit lines?
Yes, Sberbank Branch in India runs full-fledged operations in India and can open credit lines to its clients – Indian entities.
Can Sberbank handle third-party transactions?
Yes, Sberbank can handle third-party transactions.
Since we have a contract in USD/Euro/Other currency, do we get eBRC in Ruble or USD?
eBRC will be issued in the same currency in which the shipping bill is filled/generated.
For eBRC issuance, do we need to register Sberbank AD code?
No, Sberbank AD code registration is not required and will take AD code transfer only for those shipping bills that are not handled by the existing AD bank. However, if AD code issuance is required, Sberbank can issue the AD Code as well.
Can Sberbank handle Foreign Direct Investments (FDI)/Overseas Direct Investment (ODI) remittances?
Yes, Sberbank can assist with these transactions and help comply with regulations.
How can we get internet credentials?
After opening an account with Sberbank, clients can apply for internet credentials.
Can I transfer funds from Sberbank India’s account to any other account in an Indian bank or from Indian banks to Sberbank India?
Yes, Sberbank can receive and transfer funds to any Indian bank through RTGS/NEFT.