WHY IS A BLOCKED ACCOUNT NECESSARY FOR STUDY IN GERMANY?
As per the recent legal regulations, if you’re planning to study in Germany and do not represent any EU or EEA country, then you need to prove that you are financially able to bear all your living expenses while you study in Germany. It is necessary for you to prove your financial condition as this assists you in attaining the student’s visa and residency permit as well.
WHAT EXACTLY IS MEANT BY A BLOCKED ACCOUNT?
A blocked account in Germany is a particular account to assist international students to prove their financial capability to live in Germany. The document you will need is called ‘Finanzierungsnachweis’. Not only is it needed by international students, but job seekers too require this document. Although there are other methods of showing financial resources, this is the most common method followed by many international students.
By submitting a particular sum of money in the blocked account in Germany, a person assures that he possess the financial resources to bear his living expenses while he dwells in Germany. As per a survey conducted in year 2018, it was reported that the average amount spent by an international students while his stay in Germany is €720 euros on a monthly basis. And likewise, the annual expenses would be something around €8,640. So you may have got a rough figure of how much you will need to finance your stay in Germany in a year. Hence, this is the amount you have to deposit in the blocked account in Germany to ensure your one year stay and obtain a student visa as well.
PROCEDURE TO OPEN A BLOCKED ACCOUNT
To open a blocked account in Germany, the first and foremost step you need to take is to select a bank in which you will be opening the account. Afterwards, you need to apply online to the bank by filling the application form. After you are done with the application form, you should look after the legalization process in the German embassy. After the legalization process, you ought to deposit the required funds in the account. And once you have received the confirmation, you are good to go!
There are certain documents that you need to keep with yourself while opening the blocked account in Germany. However, the required documents may vary depending on the bank provider you have chosen, and the nation from where you belong to. If you are planning to open blocked account in Germany with the Deutsche Bank, you will need the following documents.
• Duetsche bank blocked account application form
• Your valid passport
• The admission letter from your university
• A bank statement of your income
• A prepaid fee
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The students who register with MOKSH for MBBS Abroad get a higher priority in the scholarship test. You can call on 9699360370 to get further information on the scholarship test of 2018!
Why Study in Germany through MOKSH?
MOKSH is one of the top education consultant in Mumbai. There are very few overseas education consultants which represents Study in Germany on such a large scale. An already existing list of Study in Germany consultants is present in India. There are many consultancies in Hyderabad and other Indian cities. MOKSH is one of the best. Thus, along with Mumbai, it also serves as a consultancy in Hyderabad and other cities.