A Blocked Account (Sperrkonto in German) is a bank account required by the German Authorities as proof of sufficient financial means necessary to receive a German visa.
You transfer the funds there and keep them blocked for a certain period to receive the monthly amount you choose.
The German foreign authority makes monthly payouts a requirement instead of a payout of the total amount in one go to ensure that the person coming to Germany is financially sustained throughout their stay in Germany. You can find more information about this on the German Foreign Office website.
If you currently do not have the funds to open a blocked account, we recommend you check with your home country's banks to see if they offer loans.
If you are from India, you may be eligible for a loan with our trusted partner, ICICI Bank. Find out more information here.
Alternatively, you can apply for Scholarships to finance your studies in Germany. Feel free to check our article about scholarships you can apply for in Germany!
We also offer scholarship as Expatrio. Click here to find out more.
Please remember that you must transfer the funds to the blocked account before receiving the Expatrio scholarship prize.