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How Much Bank Balance Required for a Schengen Visa From India?

How to apply Schengen Visa india

To be eligible to use for a Schengen visa from India, one of the most crucial necessities is displaying sufficient monetary assets to cover your travels.

The common way to present proof that you have enough funds  for a Schengen visa is to post copies of your financial institution statements or bank’s statement of institution stability to the embassy or consulate. 

As such, you show to the embassy or consulate that each one’s charges are protected through you (or a sponsor) however additionally you have ties to your native land, e.g., you’re hired for a personal business.

How Much Bank Balance Is Required When Applying for a Schengen Visa in India?

The budget you want for your Schengen visa vary depending on the country you are moving to, as listed below:

Austria

The Austrian Embassies and Consulates of the U.S. overseas do now no longer overtly stipulate the desired quantity of monetary method you want whilst making use of for an Austrian Schengen visa from India. As such, the requirement of the financial institution stability you want for an Austria visa is regulated on an individual person or case-by-case basis.

However, you’re typically cautioned to account for at the least EUR 100 (equal to INR 8,682.48)* in line with day, as that is the common sum of money a traveller spends in Austria.

Belgium

To acquire a Belgium Schengen visa in India, you want to have at the least EUR 95 (equal to INR 8,248.36)* to spend in a day, in case, if you are staying at a lodge or different comparable accommodation.

If you’re staying with a pal or own circle of relatives member, you want to offer a letter of assure pointing out that your host will shoulder all of the economic expenses associated with your live in Belgium and show which you have a minimal each day quantity of EUR 45 (equal to INR 3,907.12)* to spend in Belgium.

Chezia

The amount of cash you want to reap a Schengen visa for Czechia in India varies primarily based totally in your duration of live withinside the united states as follows:

  • For remains much less than 30 days — you want to show to the Czech government in India which you have as a minimum CZK 1,490 (equal to INR 5,328.82)* to spend a day at the same time as you live withinside the United states.
  • For remains longer than 30 days — you want to show which you have 15 instances the minimal required quantity, that’s CZK 44,700 (equal to INR 159,864.61)*. For any extra remains past 30 days, you ought to additionally show which you have an extra quantity of CZK 5,960 (equal to INR 21,315.28)* according to every month.
  • Individuals below 18 — ought to post half of the desired amounts primarily based totally on their duration of stay.

Denmark

When making use of for a Denmark Schengen visa from India, the Danish Alien Laws stipulate which you should have at least DKK 350 (equal to INR 4,089.46)* in line with the day to spend even as you live inside the country. If you’re staying in a hotel, the quantity required is barely better at DKK 500 (equal to INR 5,842.09)*. In addition to this minimal quantity of monetary means, you furthermore must offer evidence of having sufficient cash to go back home, wherein you publish evidence of a bought go back flight ticket.

Estonia

Agreeing to the statistics supplied with the aid of using the Ministry of Foreign Affairs of the Republic of Estonia, the desired financial institution stability to reap a visa for Estonia from India is at least EUR 130.80 (equal to INR 11,356.68)* in line per day.

Finland

To obtain a Schengen visa for Finland in India, you should be capable of spend as a minimum EUR 30 (equal to INR 2,604.74)* consistent with the day during your stay.

France

The well known requirement for economic approach to achieve a visa for France in India is to have as a minimum EUR 65 (equal to INR 5,643.61)* per day.

Make sure that relying to your accommodation arrangements, the minimal quantity required for a French visa adjustments as follows:

  • If you’re staying with a member of the family or a pal who invited you to France — you want to offer half of the minimal required amount, i.e., EUR 32.50 (equal to INR 2,821.81)* per day.
  • If you’ve got got a resort reservation— the overall monetary requirement is valid, i.e., EUR 65 (equal to INR 5,643.61)* in keeping per day.
  • If you’ve got got a partial resort reservation, e.g., a reservation for just a few days for the duration of your stay— you want to offer proof which you have as a minimum EUR 65 (equal to INR 5,643.61)* in keeping per day for the duration of the days your resort reservation is valid, and for the last days without a resort reservation, you want EUR a hundred and twenty in keeping per day. (equal to INR 10,418.98)*
  • For no lodging at all — you should display the embassy or consulate you’ve got got at the very least EUR a hundred and twenty (equal to INR 10,418.98)* in keeping with the day at your disposal for the duration of your stay.

Germany

For a German Schengen visa software from India, you are commonly required to offer evidence which you have at the least EUR 45 (equal to INR 3,907.12)* per day. Remember that the German embassy considers your instances for journeying to the United States, such as duration of stay, whether or not you are staying with buddies or family, the reason for your visit, etc.

Greece

You want at the least EUR 50 (equal to INR 4,341.24)* in step with day to your financial institution account to achieve a Greek Schengen visa from India. If you propose to live withinside the united states for as much as 5 days, the desired quantity is raised to EUR 300 (equal to INR 26,047.44)* per day. In the case of teenage visa applicants, those quantities are decreased with the aid of using 50%.

Hungary

The required economic way for a Hungary visa in India is not less than 10,000 HUF (equal to INR 2,079.70)* per day. This quantity serves handiest as a reference number, and if you could offer evidence which you have extra than the desired quantity to spend withinside the country, the better the possibilities of getting your visa granted

Iceland

Anyone who desires to follow for an Iceland Schengen visa from India have to show they’ve as a minimum ISK 8,000 (equal to INR 4,656.53)* per day. If a person else sponsors you, this required quantity is halved to ISK 4,000 (equal to INR 2,328.26)* per day.

Generally, the entire minimal quantity required in your duration of live is ISK 40,000 (equal to INR 23,282.63)*.

Italy

The universal quantity required for an Italy Schengen visa for remains as much as five days for one man or woman is EUR 269.60 (equal to INR 23,407.96)*, even if there remains up to ten days for one man or woman, you will want EUR 44.ninety three according to day.

As the variety of days and variety of traffic increases, the quantity of monetary approach for an Italian visa adjustments as indexed below:

     One personAdditional amount required for each additional applicant travelling with you.
If staying from 1 to 5 daysEUR 269.60 (equivalent to INR 23,407.96)* (fixed amount)EUR 212.81 (equivalent to INR 18,477.18)*(fixed amount)
If staying from 6 to 10 daysEUR 44.93 (equivalent to INR 3,901.04)* per dayEUR 26.33 (equivalent to INR 2,286.10)* per day
If staying from 11 to 20 dayEUR 51.64 (equivalent to INR 4,483.63)* (fixed amount), and EUR 36.67 (equivalent to INR 3,183.87)* (additional amount per day)EUR 25.82 (equivalent to INR 2,241.82)* (fixed amount), and EUR 22.21 (equivalent to INR 1,928.38)* per day (additional amount per day)
If staying for more than 20 daysEUR 206.58 (equivalent to INR 17,936.27)* (fixed amount) EUR 27.89 (equivalent to INR 2,421.54)* (additional amount per day)EUR 118.79 (equivalent to INR 10,313.92)* (fixed amount) EUR 17.04 (equivalent to INR 1,479.49)* (additional amount per day)

Read More : Italy visa application and entry requirements

Liechtenstein

If you’re shouldering the fees of your go to to Liechtenstein, you should show you’ve got got at the least CHF one hundred per day (equal to INR 8,792.56)* on your financial institution account while you practise for a Liechtenstein visa.

Latvia

Latvian embassies/consulates in India require you to offer proof of at the very least EUR 14 (equal to INR 1,215.55)* per day of stay duration in case you need to get hold of a Schengen visa for latvia.

Lithuania

According to the Lithuanian Ministry of the Interior and the Ministry of Foreign Affairs, to acquire a visa for Lithuania, you need to have at the very least EUR 40 (equal to INR 3,472.99)* at your disposal according to the day at some point of your life withinside the country. You need to additionally show that you have sufficient monetary manners to go back to your own home country, i.e., buy a go back ticket.

Luxembourg

Since January 1, 2018, the quantity of monetary manner required to get hold of a Luxembourg Schengen visa from India, is EUR 67 (equal to INR 5,817.26)* according to the day.

Malta

At the Maltese Embassy in India, you will need to spend at least €48 (equivalent to INR 4,167.59)* per day to obtain a visa to visit Malta. This is the amount required to obtain a visa, but some activities and attractions can be costly, so be prepared to spend €48 (equivalent to INR 4,167.59)* or more in India is needed.

Netherlands

The official agency is required to provide evidence that he spends at least €55 per day (equivalent to INR 4,775.36)* for the entire duration of his stay in order to obtain a Schengen visa for the Netherlands from India.

Read More : The Netherlands Schengen Visa Application Requirements

Norway

To get a Norwegian visa in India, you need to provide a bank statement stating that you need to spend at least €48 (equivalent to INR 4,167.59)* per day in the country. You may be denied entry if Norwegian authorities determine that you do not meet financial requirements.

Poland

In order to obtain a Polish visa for stays of up to 3 days, a minimum amount of PLN 300 (equivalent to INR 5,566.59)* must be submitted for the entire stay. For stays longer than 3 days, you must prove at least PLN 75 (equivalent to INR 1,391.65)* for each day of your planned stay.

If you are visiting Poland under any of the following circumstances, you must prove that you have at least 20 PLN or 4.19 EUR (equivalent to 371.11 INR)* available for each day of your scheduled stay.

  • I have been to Poland as a participant in youth camps, tourism events and sporting events.
  • Someone else will pay for your visit to Poland.
  • You are visiting Poland to visit treatment and recuperation facilities. 
  • You are Visiting Poland on a working holiday visa.

Portugal

For a Portugal Schengen visa from India, you will need to prove that you have at least €40 (equivalent to INR 3,472.99)* for each day spent in the country or a minimum of 75€ (equivalent to INR 6,511.86)* per entry. I have.

Slovakia

To get a Schengen visa for Slovakia from India, you need to prove that you need to spend at least €56 (equivalent to 4,862.19 INR)* per day. According to the Slovak Ministry of the Interior, this required amount includes the following expenses during your stay in Slovakia:

CategoryAmount
AccommodationEUR 30 (equivalent to INR 2,604.74)*
For food expensesEUR 19 (equivalent to INR 1,649.67)*
Spending moneyEUR 7 (equivalent to INR 607.77)*

Slovenia

If you want to visit Slovenia on a Schengen visa, you will need to prove that you have to spend at least €70 (equivalent to INR 6,077.74)* every day during your stay in the country. For minors, this amount is halved to EUR 35 (equivalent to INR 3,038.87)*.

Spain

The amount that must be presented to the Spanish Embassy or Consulate in India for a Spanish visa is regulated by the Office of the President of Spain (PRE/1282/2007) and is set at a minimum of €100 (equivalent to approximately INR 8,682.48)* per day A minimum of EUR 900 (equivalent to INR 78,142.31) per person per day, irrespective of the planned length of stay*.

Rea More : Entry Requirements and Visa Application of Spain

Switzerland

When applying for a Swiss Schengen visa in India, you will need to prove that you have at least CHF 100 or EUR 92.34 per day (equivalent to INR 8,792.56)* for the duration of your stay – provided you are also managing the cost of travel on your own. 

The minimum amount for students wishing to visit Switzerland is reduced to CHF 30 or EUR 27.70 (equivalent to INR 2,637.77)*.

Read More : Switzerland Visa Application & Entry Requirements

Sweden

The Swedish Immigration Service certifies that all foreigners wishing to enter the country on a Swedish visa must spend at least 450 SEK or 48.26 EUR (equivalent to 3,593.90 INR)* per day for the duration of their stay need to do it.

*Exchange rate as of December 2022.

Can I get a Schengen visa without a financial statement?

A bank statement is usually a mandatory requirement of the Indian Schengen Embassy/Consulate and cannot be omitted. Failure to provide bank statements along with other supporting documents demonstrating sufficient funds will likely result in visa denial. However, if you do not have the financial means to support yourself, you may also provide evidence of third-party funding. In that case, you are exempt from submitting bank statements: 

  • Scholarship funds. If you are visiting the Schengen area for a trip funded by a third party, you will need to prove this financial support. This could be financial support from non-governmental organisations, educational institutions, or community grants.
  • Guaranteed support. If a friend or family member abroad is financially supporting your travel, from that person’s bank account statement showing that you will pay for travel expenses such as transportation, accommodation, and other expenses

How old is the Bank Statement considered for a Schengen visa in India?

Bank statements must be no more than 3 to 6 months old, issued by a bank, and signed and stamped by a financial institution. A bank statement must be obtained at least 3-4 days before submitting the application.

Some embassies/consulates require you to obtain your bank statement at least one week before you apply for your visa.

What bank statement do I need for an Indian Schengen visa?

A current bank statement is required. It shows the last 3-6 months transactions, including income. To obtain this statement, you will need to go to your local bank in India, print a copy and have it signed and stamped. Do not print bank statements at home. In most cases it will not be accepted.

Depending on your financial situation, you can submit the following types of bank statements:

  • Statements from bank account and savings account
  • Bank account statement from joint account. e.g If you have a joint account with your partner.

Is a digital bank statement valid for a Schengen visa?

In principle, account statements obtained from financial institutions must be submitted in paper form, and online statements (electronic banking) are invalid.

However, some embassies in some countries accept online extracts, especially if for some reason paper extracts are not available at the time of visa application.

Can you apply for a Schengen visa from India, if you’re unemployed?

If you are unemployed, you can still apply for a Schengen visa – if you can prove that you have sufficient financial means to support yourself without employment. In most cases, you will need a friend or family sponsor who can declare to support you financially during your visit to the Schengen area.

Can you apply for a Schengen visa from India, if I am a freelancer or self-employed?

If you are applying for a Schengen visa from India as a freelancer or self-employed person, you still need to provide your bank statement for your visa application. If you are the business owner, you must also attach proof that your business is a registered legal entity (e.g. trade licence) and business bank statements for the last 6 months.

If you have freelance clients, you can include client contracts. In any case, it is important to provide documentation that proves you have an active income as a freelancer.

Is it possible to apply for a Schengen visa from India, if someone lends you money?

If you want to borrow money to finance your trip to the Schengen area, you need to make sure the funds are in your account for a while.The embassy usually takes 3 months. In the case of , someone else can sponsor you financially and visit you, as mentioned above.

Do minors have to show their account balance?

Minors who are financially supported by their parents or other legal guardians must enclose bank statements of the parties involved in addition to the letter of support. This is to demonstrate that the minor applicant has financial support from another person who can finance their travel to the Schengen countries.

Will the embassy check my bank statement?

The embassy will review the bank statements provided for your Schengen visa application, but will not have access to confidential bank information. However, if you suspect that the information provided is false, you can ask your bank to verify that the information is valid and genuine. In some cases, we may simply refuse your visa application without asking for bank confirmation.

How much money do I need to apply for a 5-year multiple-entry Schengen visa?

If you are issued a 5-year multiple-entry Schengen visa, you can only stay for 90 days out of 180 days. This means that when you apply for a visa for the first time, you must prove that you have the financial means for this expected period. After that, you may be required to provide proof of your financial means each time you enter the Schengen Zone for the duration of your five-year visa.

Do I need to show bank statements for India Schengen Medical Visa?

All types of Schengen visas require a bank statement containing the medical visa. For medical visas, you will need to provide documentation proving that you have sufficient funds to cover the cost of your treatment. If someone else or another organisation is paying your medical bills, you will need to provide official proof that that organisation/individual is financially supporting you.

Note that if a government agency in your country is paying for your medical care, you must also provide an official letter from that agency stating that they are paying for your medical care.

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Written by Saleh wasim

Blogger who writes topics such as Employment, News, travel, sports, events and life in Gulf.

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