A blocked account is required to apply study visa for Germany. It is basically an assurity to prove that student has enough money to cover his/her living and educational expenses during staying in Germany.
Previously students were required to block 8,640 euros in the blocked account. Then they were allowed to withdraw only 720 euros per month after arrival in Germany.
But recently German Government changed the blocked amount from 8,640 euros to 10,332 euros. This law will apply to visa applicants from 1 September 2020. It means that all the students who desire to apply for study visas from 1st September 2020 onwards are bound to block this increased amount. Why in September?
Because all the winter semester applications will end on 31st August 2019. Then students will come to Germany from around the end of September or at the start of October. I think the German Government wants to ensure that students of this intake will not get any problems and already come to Germany by following this new law.
With this increased amount of 10,332 euros, students are now allowed to withdraw 861 euros per month for living expenses. So, all the students that currently planning to apply for a study visa. They must block 10,332 euros in the blocked account according to the new law.
Students may think why the German Government increased this amount? I think it is because of inflation. In each country inflation rate fluctuate and Governments try to balance the affordability of common people with this inflation rate. Here German Government also tries to do the same thing for international students. So they will not be affected by future inflation problems.
But don’t worry, even if this amount is 8,640 or 10,332 euros. All money is yours and you will be able to withdraw without any problem. This money is for your own peace of mind during your stay in Germany.
As mentioned above, it will apply to those applications that will submit for next winter semester. Students are required to show finances according to new laws. If you already submitted your application and you know in Pakistan embassy/consulate took more time to give final visa decision. That’s why better to ask immediately from your concerned embassy/consulate. All students who want to apply from the 1st of August, better for them to show the new amount of 10,332 in the blocked account.
Better to contact your bank and tell them you want to increase the amount. Then transfer the remaining amount and get blocked account confirmation with the new amount of 10,332 euros.