ISLAMABAD, JULY22: The amount that non-EU students must have in their bank accounts has been raised by German authorities once more in order to study in Germany.
Studying-in-Germany.org states that beginning on September 1, 2024, all students who wish to apply for a German student visa must meet certain requirements and have at least €11,904 in their account. This sum needs to be deposited into a unique Blocked Bank Account (called a Sperrkonto in German), from which students are only permitted to withdraw a monthly maximum of €992.
The German Academic Exchange Service (DAAD) and a number of German missions overseas have notified this move. Students requesting a German student visa after September 1, 2024, will have to provide documentation proving they have at least €11,904 for the first year, with a maximum monthly withdrawal of €992.
According to Schengen.News, the current threshold for the Blocked Bank Account is €11,208, and it has been this way since January 2023.According to Gent Ukehajdaraj of Studying-in-Germany.org, the rise is a reflection of Germany’s growing cost of living. In spite of rising living costs, the German government wants to make sure that students can sustain themselves. The goal of this precaution is to shield students from unfavorable financial situations.
Prior to the 2020–2021 school year, the necessary sum was €10,236 with a €853 monthly withdrawal cap. Later on, it was raised to €10,332, a decrease of less than 1%. 6.2% is the most recent increase. With over 450,000 foreign students enrolled in the 2022–2023 academic year, Germany continues to be a popular choice for international students. The leading nations of origin are:
India (42,578)
China (39,137)
Syria (15,563)
14 762 Austria
Turkey (14,732)
