Are you considering studying in Germany? As of 2022, International students will need €10,236 to study in Germany. This amount has been increased from the previous requirement of €8,640. This change will be implemented from January 2022 and will be applicable for all visa applications from 1 September 2022.
The increase in the required amount for the blocked bank account is aimed at ensuring that international students have enough financial resources to support themselves while studying in Germany. This financial coverage is essential for both admission to the German university and for obtaining a residence permit.
The blocked account is a special type of account that contains the money to be used by students to fund their expenses for study and living in Germany. It is mandatory to open the blocked account before arriving in Germany, and students must also register with a local residence authority before they can access the account.
The €10,236 in the blocked account is an estimation made by the German government to cover the expenses of students for a period of one year. This means that students can withdraw approximately 853 euros per month to cover their living expenses.
If you are planning to study in Germany, it is important to ensure that you have the required amount in the blocked account to support yourself until you find other means of earning money while studying.
These changes in the policy for the blocked bank account are significant for international students planning to study in Germany. It is essential to be aware of these financial requirements and plan accordingly to ensure a smooth and successful study experience in Germany.
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