How much bank balance is required for a Switzerland student visa is a common question for students pursuing to study in that country. Switzerland is an attractive destination for students worldwide. Indian students are increasingly looking towards Switzerland to pursue higher education. Since it is a European country, the question of the high cost of living, bank balance requirement for a visa etc. can come to mind frequently. When you are looking at how much bank balance is required for a Switzerland student visa, you must consider that the bank balance shall be maintained for 8-10 months continuously.
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How Much Bank Balance is Required For Switzerland Student Visa?
As per the latest guidelines, the students who are planning to study in Switzerland must show that they have a minimum of CHF 21,000 (Swiss Francs) per year for living expenses. This amount covers basic costs such as accommodation, food, transportation, and other personal expenses. The amount must be in the bank account for a considerable period and there should be no recent large deposits. Let’s check the breakdown of these costs:
| Type of Expenses | Estimated Cost |
| Accommodation | CHF 800 – 1,200 per month |
| Food | CHF 400 – 600 per month |
| Transportation | CHF 70 – 100 per month |
| Health Insurance | CHF 250 – 300 per month |
| Miscellaneous Expenses | CHF 200 – 300 per month |
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Total Estimated Annual Costs in Switzerland
You can easily guess the estimated cost per year by analysing the above-mentioned amount. By adding up these monthly expenses, the estimated annual cost for a student in Switzerland is approximately CHF 21,000. It is important to note that this is a general estimate, and actual expenses may vary based on the city of study, lifestyle, and personal spending habits.
For students, the cost of studying in Switzerland ranges between CHF 20,000 and CHF 35,000 (approximately INR 16-28 lakhs). This estimate includes tuition fees, which can be between CHF 500 and CHF 2,000 per semester at public universities, as well as living expenses such as accommodation, food, transportation, health insurance, and personal expenses. Major cities like Zurich and Geneva tend to be more expensive compared to smaller towns.
Documents Required for Switzerland Visa
The Swiss authorities require international students to show proof of adequate financial resources to cover their living expenses while studying in Switzerland. This proof is essential to make sure that students can sustain themselves without requiring financial aid or working illegally. To prove their financial capacity, Indian students need to provide the below-mentioned documents during the visa application process:
- Recent bank statements show a balance equivalent to CHF 21,000. The statements should be from a recognised bank and must be in the student’s or their sponsor’s name.
- If the student has received a scholarship, a letter from the scholarship provider detailing the amount awarded and its duration.
- For students with sponsors, proof of income from the sponsor, such as salary slips or income tax returns, should be provided.
- A notarized affidavit from the sponsor declaring their intent to support the student financially.
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Studying in Switzerland offers a unique opportunity for students to experience high-quality education and a multicultural environment. However, understanding and meeting the financial requirements is important for a successful visa application. Check some FAQs based on
FAQs on How Much Bank Balance is Required for a Switzerland Student Visa
The minimum bank balance required for a Switzerland student visa is CHF 21,000 per year. This amount is necessary to cover living expenses such as accommodation, food, transportation, health insurance, and other personal expenses.
The bank balance must be maintained continuously for 8-10 months before applying for the visa. This is to ensure that the funds are genuinely available and not a result of recent large deposits.
To prove financial capacity, students need to provide recent bank statements showing a balance equivalent to CHF 21,000, a letter from the scholarship provider (if applicable), proof of income from the sponsor, and a notarized affidavit from the sponsor declaring their intent to support the student financially.
Yes, besides the CHF 21,000 for living expenses, students also need to consider tuition fees, which range from CHF 500 to CHF 2,000 per semester at public universities. The total estimated annual cost for studying in Switzerland ranges between CHF 20,000 and CHF 35,000.
Yes, the financial requirements can vary based on the city of study. Major cities like Zurich and Geneva tend to be more expensive compared to smaller towns.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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