Financing in Germany

Germany has several types of public financial institutions, including credit and personal checking institutions and cooperative banks. Under public law, credit institutions operate as savings banks, and the state banks act as central banks and clearinghouses for the savings banks and focus on regional financing. One of the most used criteria is a German Blocked Account.

Blocked Account

As part of your student visa application, you are required to provide proof of sufficient funds to cover your living expenses in Germany. One option to fulfill this requirement would be to open a blocked account at a branch of Kotak Mahindra Bank in India. You can contact any branch of Kotak

Mahindra in India and request the opening of a blocked account for a student visa for Germany. You will have to present proof of opening such an account at the time of applying for your visa. After having arrived in Germany, you can request Kotak Mahindra Bank to transfer the full deposited amount into a blocked account at any local bank in Germany.

Please submit the e-mail confirmation regarding the activation of your blocked account and the transfer of the amount of at least 10236.00 Euro at your visa interview. You can also open a blocked account at a bank in Germany. Currently, two banks in Germany, Deutsche Bank, Coracle, & Kotak Mahindra Bank offer this service to students prior to their arrival in Germany.

For the attestation you need to submit:

  • Your passport.
  • A copy of your passport’s data page.
  • The account opening form (filled out, but not signed).
  • Your admission letter, if applicable.