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Current account


2.3. Current accounts are opened to legal entities that are not credit institutions, as well as to individual entrepreneurs or physical persons engaged in private practice in accordance with the legislation of the Russian Federation, for making payments related to entrepreneurial activity or private practice. Current accounts are also opened to representative offices of credit institutions and non-profit organizations for making payments related to achieving the objectives for which non-profit organizations were established.

Source: Instruction of the Bank of Russia dated 14.09.2006 No. 28-I (as amended on 28.08.2012) "On Opening and Closing of Bank Accounts, Deposit Accounts" (Registered by the Ministry of Justice of the Russian Federation on 18.10.2006 No. 8388)

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