Is an initial investment of twelve lakhs required for getting a visa to Germany?
No, you do not need an initial investment of twelve lakhs to get a student visa for Germany.
Currently, you must show proof of funds by depositing €11,904 (about ₹11.2 lakh) into a blocked account (Sperrkonto) to cover one year of living expenses. This amount is released to you monthly after you arrive in Germany.
The required amount is subject to change each year. You will also need valid health insurance for your visa application.
Cash income, business income or no ITR?
See whether your funds and documents will pass the German visa check.
More Student visa questions
- Is a loan sanction letter from the government regulated Indian Bank accepted for a UK student visa application?
- How much bank balance is needed for an Italy student visa after failing math in 12th grade?
- Can I call my husband on a dependent visa after I go on a student visa for my masters abroad in UK/Ireland?
- Is it possible for my son, who is currently in twelfth grade, to study in New Zealand next year for a Diploma?
- Which countries have less strict or different financial requirements compared to New Zealand, especially regarding funding duration?
- Can other family members act as financial sponsors if my father’s income is insufficient in Germany?
- Is it necessary to include a cover letter explaining my financial arrangement, which combines a loan and personal savings, for my German student visa application?
- Can you track an Employment Pass application on the MOM portal when your employer files it?
More Germany questions
- Other than Canada and Netherlands, are there better countries to study science and technology in Germany/Singapore?
- What are some effective online German language classes for Indian students preparing to study in Germany?
- Is Germany the best first priority country for my course and career scope for a Master's?
- Why is the dMAT subject module called Battery Science and Technology in Engineering?
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- Can I target Germany, Italy, or the Netherlands for a master's in computer science without a computer science background?
- Is it possible to get a fully funded scholarship if he scores seven or above (seventy percent) in the third year in Germany?
- Does my 12th grade percentage affect my master's application in Germany/France for a Bachelor's?
