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 requirements for Austria student visa.
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What is the Minimum Bank Balance is Required for Austria Student Visa?
Before you get into Austrian universities, you must meet specific bank balance is required for Austria student visa. Which is a prove that you have the financial footing to handle your stay in the country.
Austria has specific financial requirements for student visa applications. You are required to show a minimum balance of around EUR 600 to 1000 per month. Age also plays an important factor in identifying the minimum balance requirements.
- Age also plays 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 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 is 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 Requirements for Austrian Visa: Various Purposes
Austria has updated its bank balance requirements for Austria student visa to ensure students can support themselves financially. The minimum balance requirement helps cover daily expenses, allowing students to live comfortably while studying. Meeting these financial criteria is essential for visa approval.
Beyond student visas, Austria has specific financial requirements for other visa types, such as
- job seekers
- family reunification
- work permits.
The system allows flexibility based on individual circumstances while maintaining a reasonable standard of living. Let’s check out what are the minimum balance requirements for various purposes, other than the studies that have been discussed above already.
Bank Requirements for Austrian Job Seekers Visa
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. These cover accommodation expenses, food, and other related expenses during their initial employment years.
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.
Financial Documents is Required for Austrian Student Visa
Apart from maintaining the minimum bank balance requirements for Austria student visa, students need to provide supporting some financial documents. These documents serve as proof of sufficient funds to cover living expenses during the stay. Below are the key financial documents required:
- Bank Statements: Show recent statements (3-6 months) with the required amount.
- Sponsorship Letters: If someone’s 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
To improve your chances of visa approval, avoid these common mistakes:
- 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.
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.
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.
FAQs on Bank Balance Requirements for Austria Student Visa
Austria has specific financial requirements for student visa applications. The amount varies by age:
– Students under 24: €6,630.36 per year
– Students 24 and older: €12,005.76 per year
– Additional funds are required for accommodation exceeding €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. These minimum bank balance required for an Austrian visa for job seekers cover 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 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 recognized 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, totaling 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, totaling 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 to EUR 1,000 per month, totaling EUR 7,200 to EUR 12,000 for a full year.
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