One option to fulfil this requirement would be to open a blocked account at Deutsche bank in Germany or at a branch of Kotak Mahindra Bank in India
This has to be opened when you are in India.
No. It is not required. Blocked account can be opened before getting admission letter.
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.
Deutsche Bank India provide Blocked account opening services. Please contact Deutsche Bank branch near your area. Forms authentication is done by Deutsche bank India to avoid visiting German consulate.
Their service includes:
You can contact any branch of Kotak Mahindra in India and request opening of a blocked account for student visa for Germany. You will have to present proof of opening of such 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 7908 Euro at your visa interview.
DISCLAIMER: Please contact Deutsche bank, Hamburg, Germany directly for any query. Any information from DB is final and binding
The costs are approx. 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.
Deutsche Bank Blocked Account (Sperrkonto) opening for Student
|Selection||File type icon||File name||Description||Size||Revision||Time||User|
|Supplementary form for Blocked amount||356k||v. 2||Aug 8, 2012, 10:33 PM||Surendra Jain|
|If student is Minor (Age is < 18 years) this form should be used||189k||v. 7||Jun 2, 2015, 2:29 AM||Surendra Jain|
|Account opening form for student, who are Major (Age is >= 18 years)||311k||v. 3||Jun 2, 2015, 2:31 AM||Surendra Jain|