As the German blocked bank account is an essential part of admission in Germany for foreign students and deposit 10,332 euros in it. It is a big amount that everyone cannot afford at once. Is there any alternative to blocked money? If yes, then what it is?
This discussion was modified 1 month, 1 week ago by Zeeshan Ali.
This discussion was modified 1 month, 1 week ago by Tayyab.
German Blocked Bank Account (which you have already mentioned):
International students who want to study in Germany need to open a German blocked bank account and deposit 10,332 euros for one year since 1 September 2020 and as of to-date. A student can only withdraw up to a maximum of 10,332 euros/12 = 861 euros per month For the coming years, they have show the same amount or enough that you can
Following are the alternatives:
1. German or foreign official scholarship: You should either have a scholarship that covers your complete expenses
2. According to the German Embassy Pakistan website: formal obligation (“Verpflichtungserklärung”, declaration of liability) according to §§ 66-68 of the German Resident’s Act by a sponsor residing in Germany and with confirmed sufficient financial means. Please also bring income proof and bank statement (last 6 months) of sponsor.
Verpflichtungserklärung by literal meaning is a declaration of commitment. In the letter, a legal resident (friend, resident or business) or other registered legal entity vows to the Federal authorities that they could cover your expenses during your stay in Germany.
Disclaimer: I am not a financial advisor or law expert of any sort and in my understanding:
For details and authentic information, you should check your concerned embassy/consulate or contact them for further queries.
This reply was modified 1 month, 1 week ago by Tayyab.