France is one of the top destinations to study abroad among Indians and pursue higher academics. To enter the country, you must apply for a French student visa depending on the course duration and submit the visa application form. However, for quicker application approval, you must show a minimum bank balance.
A minimum amount of funds in your bank account proves your financial stability. Continue reading the blog to find the answer to how much bank balance is required for a France student visa.
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How Much Bank Balance is Required for France Student Visa?
To obtain a French visa, applicants can apply for a Schengen visa. The minimum balance balance required for a Schengen visa is EUR 1,200 to 1,500. However, graduate and undergraduate students must demonstrate financial support for their entire academic year. This includes:
- Tuition fees: Proof of funds covering the full year’s tuition cost.
- Living expenses: EUR 615 per month for a year.
In short, a minimum of EUR 615 per month for one full year is required to obtain a France student visa. This proves that you can cover the basic cost of living in France and pursue higher education without any worry. Based on the duration of your course, you can multiply the amount accordingly.
For example, the minimum balance required for a year-long course in France would be EUR 7.380 per academic year. This amount can be reflected via documents such as bank statements, scholarship letters, or savings/investment certificates.
| How much funds do I have to show at the time of applying for a French Visa? | |
| Monthly Bank Balance | EUR 615 |
| Yearly Bank Balance | EUR 7,380 |
Please Note: The minimum balance requirements for a France student visa may change based on the guidelines issued by the French government. It is advisable to check their official website for the latest figures.
Also Read: Check out the cheapest forex cards for international students to manage money and finances easily.
Why Do I Need a Minimum Bank Balance for a France Student Visa?
Studying in France is costly. So, French immigration authorities require you to demonstrate sufficient financial funds to support your studies in France. You can cover your living expenses, tuition fees, and costs for food and travel without relying on public assistance or working part-time. This lets you focus on your studies without worrying about the money part.
Here’s why you need a minimum bank balance for a France student visa-
- Proof of Financial Stability: It shows you have the means to cover basic needs like housing, food, transportation, and utilities without relying on external support.
- Estimated Cost of Living: The minimum balance requirement acts as a benchmark, indicating you have enough funds to manage your living expenses in France.
Thus, you can think of it as a way for the authorities to assess if you can financially support yourself during your studies in France, focusing on your well-being and successful completion of your program.
Financial Documents for France Student Visa
If you are wondering how can I show the minimum bank balance for a France student visa, you need to provide financial documents. When applying for the visa, you have to submit the filled-out visa application form and submit the France visa application fee. Here’s the list of documents to prove you have sufficient balance in the account-
Bank Statements
You need to present recent bank statements, usually covering the past 3 to 6 months for your account. The statements should clearly show the required minimum balance, including the tuition fees and living expenses for the entire academic year.
Proof of Funding Source
If you have availed scholarships or sponsorships, you need to present documents explaining the source of your funds. For example- scholarship letters, employment pay slips, or parental sponsorship letters.
Students usually consider applying for scholarships for PhD funding in France. This helps verify the legitimacy of your financial support. If you have taken a student loan in France, you can provide an education loan sanction letter demonstrating the loan amount and repayment terms.
Savings/ Investment Certificates
If your funding source is income-based, recent tax return documents might be required. You can also submit documents like savings, investments, or credit statements.
Also Read: If you aspire to study in France but are worried about finances- check out our detailed blog on student loans in France.
This was all about how much bank balance is required for a France student visa. Ensuring the amount in the bank account ensures that you will be able to cover all your study-abroad-related expenses in the country.
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
The minimum bank balance required for a France student visa is EUR 615 per month for one full year.
It is mandatory to maintain a minimum bank balance of EUR 615 per month or EUR 7,380 for an academic year. This proves that you can cover the basic cost of living in France and pursue higher education without any worry.
This minimum bank balance requirement for a France student visa can be reflected via documents such as bank statements, scholarship letters, or savings/investment certificates.
For Indians, the French student visa application fee is EUR 50 for short-term stays. The long-term student visa will cost EUR 99 to study in French universities.
It usually takes 2 to 3 weeks to process your France student visa application. Make sure to submit a duly filled application with payment of visa fees and attach all the supporting documents for quicker approval.
