The one of the important thing to be proved when applying for German Student visa is your financial capability. Even though there is no Tuition fee in public universities, to cover the cost of living in Germany you need to be financially sound. The cost of living in Germany depends on your lifestyle and the city.
The German Embassy wants students to concentrate on their studies and does not want them to get distracted as a result of financial difficulties. Lack of sufficient funds can force students into crime. They may also neglect their studies altogether and take up jobs. The German Embassy therefore places a huge emphasis on the financial capability of students.
Proof of finance
You should submit one of the following documents to prove your financial capability:
1. Confirmation of scholarship/ stipend
Scholarships can help you to complete your degree with a little less stress. If you gain the advantage of scholarship, submit the related document during visa interview.
To know more about DAAD scholarship programmes click here.
2. “Verpflichtungserklärung” (formal obligation letter)
If you prefer to stay with your relatives or friend and they are going to sponsor for your stay in Germany then request them to get and give you a formal obligation letter from local ausländerbehörde(Foreigners office) in Germany. Verpflichtungserklärung (formal obligation letter) is an official document issued by an Aliens Department (“Ausländerbehörde”) in Germany, stating that the host in Germany will cover all costs incurred by your visit.
3. Proof of blocked account
This is a special bank account, where students have to deposit a sufficient amount of money for the first year of their stay in Germany. Your account should have a Minimum balance of 8640 Euro. You cannot withdraw more than 720 Euros per month from a blocked account in Germany.
There are different ways to open a blocked account:
1. You can open a blocked account with Kotak Mahindra bank. To know the procedure for opening a blocked account with Kotack manhindra bank and transferring the amount from Kotak to Deutsch bank after reaching Germany click here
2. Opening a Blocked Bank Account through a German Diplomatic Office
3. Opening a Blocked Bank Account directly in a Branch of Deutsche Bank.
Opening a Blocked Bank Account through a German Diplomatic Office
Download the application form for opening a blocked bank account from the official website of Deutsche Bank
Fill in the application form, leaving empty the following sections: date, place and signature–as they must be filled in when you certify the documents in the German diplomatic office later
Set an appointment at the German Embassy or Consulate of your country to get your application certified or attested
When in German diplomatic office, you must provide the following documents for attestation: two printed copies of appropriately filled in Application Form of chosen bank – filling in date, place sections and putting your signature in front of the diplomatic office officer, Passport and a colored copy of passport, ID of your country, two passport size photos, letter of university admission, verification fee as well as e-mail confirmation for the appointment date (Note: the attestation fee charged by the diplomatic office is 20 Euro)
As you finish with documents verification by local German Embassy or Consulate, courier them on the Bank’s Address in Germany (as it is typically written in the application form)
The Bank in Germany will in short (usually within a week) send you an email confirming you about an opened bank account together with account details
As you have received the above confirmation email from the bank, you can transfer minimum 8,640 Euros on this account from one of the local banks in your country (Note: transaction fee might is about 50 or more Euros).
Opening a Blocked Bank Account directly in a Branch of Deutsche Bank
Visit your nearest Deutsche bank branch and open a Saving Bank Account in that German Bank by filling in the application form,
Apply for a blocked bank account by providing the following documents: colored passport copy and passport, local ID, two passport size photos, university admission letter and deposit minimum 8,640 Euros.
Soon the Bank provides you an email confirming you an opened blocked account in the German Bank, together with account details
Once you receive that confirmation email you can transfer the money from saving to your blocked bank account.
Click here to find your nearest Deutsche bank.
I hope the above information was helpful. Feel free to share you knowledge and experience.
Commenti