How can I open a blocked German account from India?

You can contact any branch of Kotak Mahendra in India and request opening of a blocked account for student visa for Germany. You will have to present proof of opening of such an account, having the requisite sum, at the time of applying for your visa.

How do I get a blocked German account?

To open a blocked account in Germany, you need the following documents:

1. Application Form.
2. Valid passport.
3. University admission letter.
4. A bank statement that confirms you have the required amount of money to open a blocked account.
5. A prepaid fee.

How much money is required for blocked account in Germany?

If your documents are in order, the bank sets up a blocked account for you. This costs a one-time fee of 50-150 euros. As soon as your account is ready, you have to deposit at least 10,332 euros into it.

Can I study in Germany without blocked account?

A student visa applicant should open a blocked account before entering Germany in their home country since a confirmation from the bank is among the required documents for a visa application. Once the student is in Germany, he or she will be able to withdraw a maximum of 861 Euros per month.

How can a student open a bank account in Germany?

How to Open a Bank Account in Germany

1. Duly completed application form.
2. Your valid passport and current German residence permit.
3. Proof of registration/address.
4. Initial deposit (the minimum depends on the bank of your choice)
5. Proof of income/employment.
6. Proof that you are a student (if you’re opening a student account).

Does Germany have free education?

College education in Germany is free. In 2014, the Government approved a decision to abolish international fees in all public colleges. Although in some constituent German states, international tuition fees are re-introduced the cost of studying in Germany remains much lower than elsewhere.

Which bank is free for students in Germany?

Deutsche Bank The student’s account called “Junges Konto” is free of charge for all up to 30-year-old students, trainees, students, and volunteers. There is no monthly basic fee. The Deutsche Bank Card, which can be used to withdraw money from over 38,000 machines in around 31 countries, is included free of charge.

Which bank is best for student in Germany?

List of Best Banks for Students and Trainees

• N26.
• DeutscheBank Das Junges Konto.
• DKB-CASH.
• Postbank Giro plus.
• Volkswagen Young Giro.
• 1822Direkt Girokonto Studenten.
• Commerzbank Startkonto.
• Targobank Starter-konto.

Can international students get student loans in Germany?

International students in Germany can apply for interest-free loans up to 650 euros a month. Federal Education Minister Anja Karliczek announced on April 30 that students could request for interest-free loans of up to 650 euros a month from German state-owned development bank KfW.

Where can Indian students open a blocked account for studying in Germany?

Until recently, Deutsche Bank and Kotak Mahindra were the only and most frequent options Indian students had to open their blocked account for studying in Germany. But with many changes and new regulations being introduced these options have become less attractive.

How can I open a blocked account in Germany?

Apply for a Blocked Account with them (Look up the bank links above, Kotak Mahindra offline process at any of their branch) After reaching Germany, Open a student bank account and link to your Blocked account to utilise the funds in them

Why do I need an international student bank account in Germany?

For a student going to Germany for their studies, it is not enough to just have a Blocked Account. They must open an international student bank account in Germany to utilise the funds in their Blocked Account. This is because the Blocked Account is not directly accessible by the student.

How to open a blocked account at Deutsche Bank for students?

How to Open a Deutsche Bank Blocked Account for Students? The process of opening a blocked bank account at the Deutsche Bank is not that complicated, but it cannot be done online. The process may take 2-3 weeks if you are opening the account through the German consulate or the embassy in your country.