DISCLAIMER: Please contact Deutsche bank, Hamburg, Germany directly for any query. Any information from DB is final and binding
What is Blocked Account (Sperrkonto)
A Blocked Account (Sperrkonto) is required if you are planning on financing your studies yourself.
You will have to deposit a minimum of EURO 8040,- in a blocked account in a bank in Germany and you can only withdraw a maximum of EURO 670,- per month. (Check the exact amount from Embassy)
You must make this change in the account opening form to ensure that you don't face problem later on.
This has to be opened when you are in India. Although it is not mandatory by all embassies. Some embassies allow you to take a Foreign DD of worth this amount with you and deposit this amount in Germany when you are there. Consult with your embassy.
Is this money sufficient for entire duration of study?
No!! On time of arrival (in addition to rental, registration and
living costs) you also need to pay tuition fees and semester
contribution to enrol at the University. (This note is valid for those
students who haven't got an exemption from tuition fees).
The costs are ca. 700 € and therewith higher than your monthly limit
of withdrawal. Corresponding to this blocked account you may not be able
to pay these semester fees. So please remember to bring enough money in
addition to be able to pay for these costs. Or cover your account with a
higher amount corresponding to the requested additional fees.
Also please remember that you will have to pay these additional costs
every new semester and therefore need to have enough money on your
account.
When should I apply for Blocked account?
As soon as you are taking appointment for Student Visa with German consulate or even before that. Because Blocked account is prerequisite to appear for Visa.
Do I need a confirmed admission to apply for Blocked account?
No. It is not required. Blocked account can be opened before getting admission letter.
How to open a block account in Deutsche Bank, Germany ?
There are 2 ways to open the blocked account. In first option, it can be opened by Deutsche Bank India. In the second option, you have to visit German consulate.
GermanyMantra provides a unique service in collaboration with Deutsche Bank to open Blocked account. Using this service, you can open blocked account without going to German Consulate. All the procedure can be completed by post within India. The entire process takes about 1-2 weeks. There is no fee charged by GermanyMantra.
This service includes:
Suggesting correct forms and Guidance to fill them |
Verification of documents |
Sending to Deutsche Bank Hamburg Germany |
Converting INR into Euros and transferring into Blocked Account in Germany after opening of Account. |
Zero Conversion and Remittance Charges. |
Helping in speeding up the entire Visa Process |
Full Guidance on Visa Formalities. |
Religiously Tracking and Updating of Block Account Process |
Direct Contacts in Hamburg Germany in case of any Delay. |
24/7 Guidance and responding to student in case of any queries. |
Transparent Communication of all processes by Deutsche Bank AG. |
Some optional value added services
- Introduction with other students going for same German university for Study
- Mentoring with existing students
Note:
- The above service is available for Indian students all over India living in any city, town etc.
- To use this service submit your details in following online form OR email on contact@germanymantra.com with subject line: Blocked Account in Germany, <name>, <mobile number>, <your City>
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Student Blocked accountStudent Blocked account TestimonialI had contacted Germanymantra with a query regarding blocked account on 18th May. I am very happy to tell you that the response and follow up to my mail was very fast and effective. Mr. Sagar Bathla, Relationship Manager at Deutsche Bank AG called me up and took up my case in very little time. He helped me at every stage and cleared all my doubts. I was very surprised that I received my blocked account number within 7 days of submitting the application forms. I am very grateful for your response to my mail. Regards, Aparna Mary Oommen Trivandrum , Kerala
Hello Sir,
I would like to express my appreciation for the remarkable services rendered by Mr. Sagar Bhatla in opening my blocked account as well as Indian account at Deutsche Bank as per his commitment date.
Ever since i got his contact from germanymantra he has been ready to help 24/7. The time taken for response is very quick. Even at odd times he was always ready yot help. He has not only helped me with the account creation but has also helped me with all my other banking queries throughout the process and made it look smooth. If not for Mr Sagar i would have never opened an Indian account at Deutsche Bank India. He clearly explained me the advantages I would have with the account. He did that with a lot of patience. I'm particularly impressed with his honesty, sincerity, calmness and guidance throughout the process.
I'm so grateful to GermanyMantra for assigning Mr. Sagar as my banking representative.
Also I am totally impressed by the services at offer for Deutsche Bank India Customers. I would suggest more & more prospective students wishing to study abroad to seek & avail the services of Deutsche Bank India.
Looking forward to banking with Deutsche Bank.
Rohit Yanamadala
Manufacturing Engg Dept., Sandvik Asia Pvt Ltd
Hyderabad
- Obtain information and the application forms from website given below. The emails from them is reproduced below. Please note that depending on the age (< 18 years or >= 18 years) the forms are different.
https://www.deutsche-bank.de/pbc/pk-studium-international_students_en.html
- After filling out the application form, you will have to get your signature and a copy of your passport certified by the German Embassy as per instructions given in the form.
- Send the application form to the address stated below in Germany
- Deutsche Bank Privat- und Geschäftskunden AG
Spezialservice Ausländische Studenten
Alter Wall 53
20457 Hamburg
Germany
- The above mentioned office in Hamburg arranges the opening of an account with the office of the future residence and informs you directly, without intervention of the General Consulate, by post and parallel by email about the account number, BLZ and IBAN of the opened account. It takes 2-3 weeks to open account.
- finally you transfer the necessary amount + EUR 50 towards bank charges to the account and prove this to the German Embassy/Consulate in your home country (India). DB will also inform embassy about the same.
Email from Deutsche Bank
Email From Deutsche BankDear Sirs, Thank you for applying to open a student blocked account with us. Attached you will find more information on the account and the forms needed for the account opening as PDF-document "account openings". PLEASE NOTE THE FOLLOWING: Please print out these forms, fill in all necessary fields and sign them in person exclusively at a German Embassy in order to receive a confirmed account opening document and passport copy. For support and further proceeding please read carefully our information sheet “Notes on completing the documents”. After receiving the documents and checking they have been filled out completely and accurately, we will open your account. As the opening can take several days, we hope you will understand that, due to time constraints, we do not respond to any phone calls or e-mails regarding the status of the account opening. Once your account has been opened, we will send your account number, the IBAN and Bank ID-Code to you. Therefore, please ensure that your e-mail address is written on the account opening application. As soon as you have received your account number, you can transfer the required minimum balance as specified in the supplementary form to your account. We recommend that you please consider our service charge for opening the blocked account, the charges and transaction fees billed by your principal bank and possible charges of the Deutsche Bank for non-domestic credit entries. Actual prices and charges can be found at http://www.deutsche-bank.de/pbc/download/ser-konditionen_preise-preis_leistungsverzeichnis.pdf After crediting the complete blocked amount to your account the confirmation will be send automatically to you and the German embassy. You may, of course, transfer amounts exceeding the minimum balance. Please note that "Demand Draft" or "Cross Cheque" will not be acceptable. We kindly request you to visit one of Deutsche Bank’s branches when you arrive in Germany, where a member of staff will assist you in completing the service order. Please note that your account will remain blocked without this service order (this means that previously entered transfers or direct debits will not be executed)! Then additional amounts can of course be withdrawn without any restrictions If you do not receive a visa to enter Germany and want the account to be closed and/or the funds transfered, please notify us. You will then receive our "information for closing the account".
------------------------End of Email from Deutsche Bank--------------------------
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