Sperrkonto popularly known as a blocked account in English is a requisite according to German Law for international students, vindicating their financial backing for their stay in Germany. The blocked money can be redeemed in your German account after landing once address proof or enrollment is authenticated. This type of bank account implies that your money will be “blocked” for the duration of your stay in Germany. The blocked amount acts as a guarantee that you can uphold an appropriate standard of living abroad. The German authorities define the blocked amount. Although the money is yours and in your name, you cannot access the entire amount at once. You receive a monthly allowance into your regular bank account opened at a German bank of your choice. As soon as you deposit the required amount, the organisation you selected for the account opening will issue a “blocking confirmation”. This is the document that the authorities require you to submit together with your visa or residence permit application. It functions as your financial proof.

Blocked Account Germany: Every year, according to the prevailing economic conditions as well as the relevant fee structure, every university requests that a monthly sum be provided for the student to facilitate his/her living expenses in the country as well as for completing his/her education, this money is deposited in a Blocked Account. As of January 1, 2023, keeping the rate of inflation in mind, the mandatory amount required in the German Blocked Account for studying in Germany is €11,904 for an entire year or €992 for a month. Candidates would have to keep a little more than the said amount as the bank could levy a service charge on the student opening a Blocked Account in Germany. For a student, the money kept in the German Blocked Account should ideally cover accommodation, living expenses, and even travel pass costs.