There are many websites which provide the information about how to open a Blocked account and how to deposit money, but this article will dig deeper into the aspects and doubts that everyone will have regarding the Blocked account.
What is a blocked accout(Sperrkonto)?
All foreign students from non-EU countries are required to meet their own living costs when studying in Germany. In order to get a valid VISA, the student has to open an blocked account with a specified amount of money in a German bank account(eg. Deutsche bank, Sparkasse, Commerzbank) and the block the amount with the Federal republic of Germany as beneficiary.
Who can open a blocked account?
Only student can open this account and you need to enclose the admission letter.
Only student can open this account and you need to enclose the admission letter.
When can you start paying the money?
You can start as soon as you receive the email from Deutsche Bank German office with your account details.
You can start as soon as you receive the email from Deutsche Bank German office with your account details.
How can you pay the money?
Money transfer or direct deposit in cash. Please note that deposits by cheque and demand draft(DD) are not possible. The block amount can be transferred by friends and relatives also.
Money transfer or direct deposit in cash. Please note that deposits by cheque and demand draft(DD) are not possible. The block amount can be transferred by friends and relatives also.
Can the block amount be transferred in partial sums?
You can transfer the block amount in partial sums but, you will get the confirmation only after the whole amount is received. No confirmation will be sent for partial amounts.
Can you pay more than the required block amount?
Yes, you can pay more than the required minimum balance. This extra amount will be available at any time for you to use. Only the exact block amount will be blocked and rest of the amounts will be free to use.
Yes, you can pay more than the required minimum balance. This extra amount will be available at any time for you to use. Only the exact block amount will be blocked and rest of the amounts will be free to use.
When will you get the confirmation of the blocked amount?
Normally, it will take approximately 2 working days to get a confirmation from the bank’s side.
Normally, it will take approximately 2 working days to get a confirmation from the bank’s side.
What should you do when you arrive in Germany?
Once you have arrived in Germany, goto the nearest Deutsche Bank branch with your Passport and anmeldung (city registration certificate) and ask the staff to assist you with the blocked account.
What should you do if you need more money than that is made available each month?
If you need to access further funds, the bank will require you to get an approval for account release from the local immigration office. This must be in writing and in original.
If you need to access further funds, the bank will require you to get an approval for account release from the local immigration office. This must be in writing and in original.
What should you do, if your request for opening a blocked account is rejected?
In this case, you are expected to submit a new request with all the supporting documents and verification.
In this case, you are expected to submit a new request with all the supporting documents and verification.
The Deutsche Bank Delhi branch has asked me to give an amount of 1,00,000₹ to be put as the opening balance. Is this legit?
ReplyDeleteYes. That amount is to open an local account in India. But, I would suggest you to try in Kotak bank or apply directly. The 1lakh is like minimum balance and you cannot take it out until and unless you cancel that account in India.
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ReplyDeleteI want to take loan from SBI for blocked amount by showing the admission letter is it possible and how it works I don't know means can I put the letter they will give in bank and can fly please give me clarification anyone.Thanks in advance.
ReplyDeleteYou can also use X-patrio for your Blocked Account application. The opening process is very fast and it´s cheap. They are also offering Techniker Krankenkasse for Health Insurance. https://www.x-patrio.com/
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