Parents can send money to the student’s bank account in India or Russia by the way of a wire transfer. The student is recommended to open a bank account in India. The best way to transfer the money is to use international ATM/debit cards. If the student wishes to open a bank account in Russia, it can be done as soon as the process of registration is completed. It usually takes about 10-15 days. After the registration is completed, AKEC will help students to open a bank account, to which parents can transfer money. To open a bank account, the student will be required to deposit USD 5 or 5 Euro.