What is a block account, without opening which you do not get a chance to study in Germany? Know how much money should be in it

Summary

Euro kept on the table (Photo- Pexels) Blocked Account Explained: Whenever it comes to choosing a country for higher education in Europe, the first name that comes to people’s mind is Germany. At present more than 50 thousand Indians are taking degrees here. The German government also wants to bring maximum numbers of Indian students…

What is a block account, without opening which you do not get a chance to study in Germany? Know how much money should be in it

Euro kept on the table (Photo- Pexels)
Blocked Account Explained: Whenever it comes to choosing a country for higher education in Europe, the first name that comes to people’s mind is Germany. At present more than 50 thousand Indians are taking degrees here. The German government also wants to bring maximum numbers of Indian students to the country. There is a perception in the minds of students about Germany that they can study here for free. Which is also true, because no tuition fees are charged in the government universities here. Foreign students also get the benefit of this initiative of the government.

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Although tuition fees are not required to be paid, students do have to pay a semester fee or administrative fee of a few hundred euros. But meanwhile students forget this, Germany In the University, one gets relief only from tuition fees, but here one has to bear the expenses for accommodation and food. This is why students have to prove that they have enough money to support themselves during their stay in Germany for studies. To prove this they have to open a ‘block account’. Let us know about this today.

What is a block account?

block account in germany savings account Known as. It is necessary for every Indian student going to study here to open it. This is a special type of bank account, which is required to be opened by students as well as foreign workers. This bank account has got this name on the basis of the work it does. Its function is to ‘block’ the money being deposited and the account cannot be withdrawn outright.

Instead, the bank allows the student to withdraw a small amount of money every month upon reaching Germany. This ensures that the student has enough money for rent, food and other expenses. Student through block account german government Guarantees that he has enough money to support himself during his studies. The money deposited in this can be withdrawn little by little every month for 12 months.

A visa to Germany is granted only when a block confirmation letter is provided. For this reason, it is necessary to open a block account before applying for the visa. Without this the application gets rejected. It also gives assurance to the immigration office to grant the residence permit. At present, on opening a block account, the student has to deposit 11,904 Euro (approximately Rs 10.75 lakh) in it. He can withdraw 992 euros (about 90 thousand rupees) every month from it.

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