INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 30, 2021 No. 204-I

About opening, maintaining and closing of bank accounts and accounts on deposits (deposits)

This Instruction based on Item 5 of article 4 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2021, No. 9, the Art. 1467), parts four of article 30 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) (Sheets of the Congress of People's Deputies of RSFSR and the Supreme Council of RSFSR, 1990, No. 27, Art. 357; Russian Federation Code, 1996, No. 6, Art. 492; 2018, No. 1, the Art. 66) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of June 25, 2021 No. PSD-13) establish procedure for opening, maintaining and closing in the Russian Federation with credit institutions, the Bank of Russia of bank accounts, accounts on deposits (deposits) in currency of the Russian Federation, foreign currency and precious metals.

Chapter 1. General provisions

1.1. Opening to legal entities, foreign structures without formation of legal entity, to the physical persons, individual entrepreneurs, physical persons who are engaged in the procedure established by the legislation of the Russian Federation in private practice (further in case of joint mentioning - clients), bank accounts, accounts on deposits (deposits) in currency of the Russian Federation, foreign currency and precious metals (further in case of joint mentioning - accounts) shall be made by credit institutions, the Bank of Russia (further in case of joint mentioning - banks) on condition of availability at clients of legal capacity (capacity).

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