How Much Bank Balance is Required for Austria Student Visa: Austria is one of the top EU countries with higher student visa acceptance rates. You can apply for an Austrian Schengen visa for short-term tourism and recreation, business purposes, etc. The minimum balance requirement for a Schengen visa is EUR 1200 to 1500 per month.
However, international students must apply for a Visa D to pursue higher studies. The bank balance required for an Austrian student visa is between EUR 8500 and 12,000 per academic year. Continue reading to learn more about the bank balance is required for Austria student visa.
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What is the Minimum Bank Balance Required for Austria Student Visa?
Before you get into Austrian universities, you must meet the specific bank balance requirement for an Austrian student visa, which is proof that you have the financial footing to handle your stay in the country.
Austria has specific financial requirements for student visa applications. The minimum bank balance is required for Austria student visa of around EUR 600 to 1000 per month. Age is also an important factor in identifying the minimum balance requirements.
- Age is also an important factor in identifying the minimum balance requirements. Students under 24 need to show around EUR 613.16 per month, while those 24 and older require EUR 1,110.26 per month.
- Multiply the monthly amount by the number of months you plan to stay (max 12 months). For instance, a 23-year-old student studying for a year would need around EUR 7,357.92.
- If your rent exceeds EUR 372.91 per month, you’ll need to show additional funds to cover the difference.
- The proof of funds covers both tuition fees and living expenses. This includes accommodation, food, transportation, student travel insurance, and other miscellaneous expenses.
| Overview of Minimum Bank Balance Requirements for Austria Student Visa | |
| Students Under 24 years | EUR 600 to 700 per month INR 54,238 to 63,278 per month |
| Students Above 24 years | EUR 1000 to 1,100 per month INR 90,398 to 99,428 per month |
| Total estimates | EUR 8,500 to 12,000 per academic year INR 7,68,000 to 10,84,000 per year |
Please note: Rules for minimum bank balance are required for Austria student visa change, so always check the Austrian embassy or consulate website for the latest information.
Also Read: Want to take an education loan to cover the finances required for abroad studies? Check out the blog on student loans for the Netherlands.
Bank Balance Requirements for Other Austrian Visa Types
In addition to student visas, Austria has specific financial requirements for other visa categories, such as job seeker visas and family reunification visas. Understanding the bank balance requirements for other Austrian visa types can provide context for students exploring alternative pathways.
Job Seeker Visa
The job seeker visa allows individuals to stay in Austria for up to 6 months to find employment. Applicants must show:
- Minimum balance: EUR 8,000–10,000 (approximately INR 7,23,000–9,03,000) for initial living expenses.
- Proof: Recent bank statements (3–6 months) in the applicant’s or sponsor’s name.
Family Reunification Visa
For those joining family members in Austria, the financial requirements are higher:
- Main applicant: EUR 15,000–20,000 (approximately INR 13,55,000–18,07,000).
- Per dependent: An additional EUR 5,000 (approximately INR 4,51,500).
- Proof: Bank statements, sponsorship letters, or income proof for the main applicant.
Bank Balance Requirements for Family Reunification Visa
To meet family members, the minimum bank balance for Austrian visa should be EUR 15,000 to EUR 20,000 (INR 13.5 lakhs to 18 lakhs) for the main applicant, plus EUR 5,000 per dependent (INR 4.5 lakhs) is required per dependent to ensure financial stability.
Also Read: Want a secured loan at low interest rates? Check here all about education loans against FD to study abroad.
How to Calculate Your Required Bank Balance for Austria
To determine the exact amount needed, multiply the monthly requirement by the number of months you plan to stay in Austria (maximum 12 months). For example:
- A 22-year-old student planning a 9-month course needs EUR 613.16 × 9 = EUR 5,518.44 (approximately INR 4,98,600).
- A 25-year-old student for a 12-month course needs EUR 1,110.26 × 12 = EUR 13,323.12 (approximately INR 12,03,600).
Ensure your bank balance covers both tuition fees and living expenses, including student health insurance (approximately EUR 60–100 per month).
Proof of Funds for Austria Student Visa
Apart from maintaining the minimum bank balance requirements for Austria student visa, students need to provide some supporting financial documents. These documents serve as proof of sufficient funds to cover living expenses during the stay.
To meet the Austria student visa financial requirements, you can show:
- Bank Statements: Show recent statements (3-6 months) with the required amount.
- Sponsorship Letters: If someone is supporting you, provide their statements and a notarised letter.
- Scholarships and Grants: Any financial aid can strengthen your case.
Common Mistakes to Avoid in Your Austria Student Visa Application
A successful visa application requires careful preparation. Avoiding common pitfalls can significantly improve your chances of approval.
- Insufficient Bank Balance: Ensure your financial proof meets or exceeds the required amount.
- Unverified Financial Documents: Provide authentic and verifiable bank statements or sponsorship letters.
- Missing Translations: All official documents must be in German or accompanied by certified translations.
- Late Application Submission: Applying too late can lead to visa rejections or processing delays.
- Incomplete Application Form: Fill out every section accurately to prevent rejection.
By carefully addressing these aspects, you can improve your chances of a successful visa application.
Additional Tips for a Successful Austria Student Visa Application
To streamline your application process and enhance approval chances, consider these tips:
- Start early: Gather financial documents and translations well in advance.
- Consult the embassy: Verify requirements with the Austrian Embassy or Consulate in your country.
- Seek professional help: Immigration consultants can guide you through complex requirements.
- Monitor exchange rates: Ensure your funds meet the EUR requirements, accounting for currency fluctuations (e.g., INR to EUR).
This was all about the minimum balance is required for Austrian student visa. It is important to maintain the balance for a hassle-free stay in Austria and quicker visa acceptance. Make sure to get your documents translated into German and officially legalised.
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FAQs on Bank Balance Requirements for Austria Student Visa
Austria has specific financial requirements for student visa applications. The minimum bank balance is required for Austria student visa varies by age:
– Students under 24 are required to show EUR 6,630.36 per year
– Students 24 and older must show a minimum bank balance of EUR 12,005.76 per year
– Additional funds are required for accommodation exceeding EUR 294.65 per month.
Job seekers must demonstrate financial stability with around EUR 8,000 to 10,000 per year (INR 7.23 lakhs to 9 lakhs) for initial living expenses. The minimum bank balance required for Austrian visa for job seekers covers accommodation expenses, food, and other related expenses during their initial employment years.
If you are an EU student, you don’t require an Austrian student visa. However, a non-EU student who is staying for more than 3 months needs to apply for a Visa C. Those pursuing courses of more than 6 months need to apply for a Visa D and a residence permit.
Visa C costs EUR 80 (INR 7321) and Visa D costs EUR 120 (INR 10,847).
To meet family members, the minimum bank balance for an Austrian visa should be EUR 15,000 to EUR 20,000 (INR 13.5 lakhs to 18 lakhs) for the main applicant, plus EUR 5,000 per dependent (INR 4.5 lakhs).
The Austria student visa requirements include:
– A valid passport
– Proof of admission to a recognised Austrian educational institution
– Proof of sufficient financial resources (bank balance of EUR 600 to EUR 1,000 per month)
– Health insurance valid in Austria
– Proof of accommodation in Austria
– Completed visa application form
– Proof of academic qualifications
– Recent passport-size photographs
– Visa application fee (EUR 80 for Visa C and EUR 120 for Visa D)
You must show proof of sufficient funds, which is generally EUR 600 to EUR 1,000 per month, totalling EUR 7,200 to EUR 12,000 for the year. This can be proven via a bank statement, scholarship, or financial guarantee from a sponsor.
A bank statement is required to show proof of financial capability. The statement should show a balance of EUR 600 to EUR 1,000 per month, amounting to approximately EUR 7,200 to EUR 12,000 for the year.
Proof of funds is typically provided via a bank statement that shows a balance of EUR 600 to EUR 1,000 per month, totalling EUR 7,200 to EUR 12,000 for the year, demonstrating your ability to support yourself financially while studying in Austria.
The success rate is generally high as long as you meet all requirements, such as submitting the correct documents and showing proof of sufficient financial resources (bank statement with EUR 600 to EUR 1,000 per month). However, approval depends on the accuracy and completeness of your application.
International students must submit a bank statement showing sufficient funds to cover their stay in Austria, typically between EUR 600 and EUR 1,000 per month, totalling EUR 7,200 and EUR 12,000 for a full year.
You may still apply, but including scholarships or sponsorship letters can strengthen your case.
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