A Blocked account is a special type of bank account required for international students while planning to study in Germany. It is a mandate for visa applicant to have funds reserved / blocked in the account to show the proof of financing themselves during their planned stay in Germany. This testifies that the student can manage living and other expenses during their time in Germany.
Kotak Bank is the only Indian Bank authorized by German Embassy to open a Blocked Account (Sperrkonto) for students who wish to study in Germany. With Kotak’s German Blocked account, the applicant can conveniently open the account in a fast and secure way, that too without paying any account opening charges