Great question! Managing money transfer to Germany for students is a crucial part of planning for studies abroad, and Pollster Education is here to guide you through the process.

Key Steps for Parents to Transfer Money to Germany

1. Opening a Blocked Account (Sperrkonto)

- Requirement: German student visa applicants must open a “Blocked Account” and deposit a specified amount (€11,904 for 2025/2026, i.e., €992/month).
- Purpose: This account proves you have sufficient funds to cover living expenses and is mandatory for visa approval.
- Popular Banks/Providers: Deutsche Bank, Fintiba, Expatrio, Coracle, and Remitly.
- How it works: Parents transfer the required amount from India to the student’s blocked account before visa application. The student can then withdraw a fixed sum each month after arrival in Germany.

2. Methods for Transferring Funds

- Wire Transfer (SWIFT/TT Transfer):
- Most Indian banks (like SBI, ICICI, HDFC, Axis) facilitate international wire transfers in Euros directly to the German account.
- Necessary documents may include the student’s admission letter, passport, and bank account details.
- Banks may ask for a Form A2 declaration as per RBI rules.
- Remittance Services:
- Specialized services like Western Union, Wise (formerly TransferWise), Remitly, and InstaReM can be cost-effective for both blocked account deposits and regular living expenses.
- Forex Cards:
- Some parents provide their children with prepaid Forex cards for initial expenses.

3. Documentation Required

- Student’s passport copy
- University admission/acceptance letter
- Blocked account details (IBAN, SWIFT/BIC code)
- Purpose of remittance (Education/maintenance)
- PAN card and Form A2 (for Indian banks)

4. Regular Living Expenses

- After the initial blocked account deposit, parents can periodically send additional money (as allowed by RBI’s Liberalized Remittance Scheme – up to USD 250,000 per year per person).
- Transfers for tuition fees, rent, or emergencies can be made directly to the student’s German bank account.

5. Important Tips

- Compare exchange rates and transfer fees before choosing a transfer method.
- Initiate the transfer well in advance, as international remittances can take 3–5 business days.
- Keep all receipts and transaction records for visa and university purposes.

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If you need step-by-step assistance in opening a blocked account or choosing the best money transfer method, Pollster Education can guide you through the entire process.
Feel free to contact us at +919324480791 or info@pollstereducation.com, or visit our office at 8, Alankar Building, 1st Floor, Balaram Street, Above Bank of India, Grant Road (E), Mumbai.

Would you like detailed guidance on opening a blocked account or information about specific banks and remittance services?