Accounting in Germany
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New answer posted
4 days agoContributor-Level 10
Blocked account (Sperrkonto) is German bank account required for your student visa application. It proves you have sufficient funds to support yourself in Germany.
• Required amount- €11,904 per year (approx. INR 10.5–11 Lacs at current exchange rates)
• How it works- Funds are deposited and released monthly (~€992/month) so you can access them
• You must show this amount at time of visa application along with your university offer letter
• Popular providers- Fintiba, Expatrio, Deutsche Bank
Blocked account is different from t
New answer posted
9 months agoContributor-Level 10
You can avoid opening a blocked account by providing alternative proof of financial resources. This includes:
- Declaration of Commitment (Verpflichtungserklärung)
- Scholarships
- Government Sponsorship
- Institutional Support
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