A blocked account is a special account in the Federal Republic of Germany which serves foreign students as evidence of sufficiency of their financial means for their stay period. It is made mandatory by German embassy for all the type of travelers who wish to relocate to Germany for various purposes like, education, job etc. After activation, on arrival in Germany, the foreign student receives monthly blocked amounts up to the maximum amount prescribed under German law for the balance period of his stay. To fulfil this requirement, you can open Blocked Account with us.
REMITX is authorized by the German Ministry of Foreign Affairs to provide International students with blocked accounts.
REMITX, a brand name of Capital India Finance Limited, in association with Eco Escrow provides an open platform for the students from across the globe to open and manage their block accounts as per their travel purpose. The transaction is processed through online platform (portal) which will also be made available on the German Embassy web page. The advantage of digital platform is to enable Users to experience a convenient online process to open the blocked account with a few simple clicks, avoiding any last-minute rush to arrange documentation or withdrawing large sums of money. The customer has an opportunity to fund blocked account in their country specific online local payment mechanism which is inbuilt in this platform thereby reducing the lead time as well as ensuring the authenticity and compliance required by the authorities. This vital advantage for the customers separates REMITXfrom others. Our endeavor is to provide a complete digitalized one-line platform to open and managed German Blocked accounts with very limited human intervention for International travelers like students, Jobseekers etc. traveling to Germany.