Visa & Entry Requirements

Schengen Visa. Bank statements for the last three to six months

Budget & Daily Expenses

Estimated daily budget: 100-150. Provide 3-6 months bank statements

Curated travel report

What financial documents and minimum bank balance should travelers maintain when applying for a visa to schengen area countries?

June 19, 2026

Verified Analysis

Selected experts specialize specifically in international visa documentation, financial requirements, and European travel compliance.

Budget Tier

EUR 70-100 per day

Best Time

Apr-Jun/Sep-Oct

Strategic Insights

Visa & Entry

Schengen Visa

Bank statements for the last three to six months
Minimum daily balance of 50 to 100 Euros per day
Proof of income or employment sponsorship letters

Budget

CurrencyEUR

Daily Est.100-150

Provide 3-6 months bank statements

Indian Insights

Advantages

Clear documentation allows for long-term multi-entry visa approvals for frequent business travelers.
Bank statements from nationalized or private banks are universally accepted as proof of funds.
Fixed Deposit receipts and ITR filings act as strong secondary evidence of financial ties to India.

Caution

Safety

Insufficient Proof of Subsistence

Unexplained Large Deposits

Common Questions

Which financial documents are required?

Bank statements, pay slips, and proof of sponsorship/income.

What is the minimum bank balance needed?

Varies by country, typically 50 to 100 Euros daily.

How many months of bank statements are necessary?

Most Schengen embassies require the last three to six months.

Top Match

Verified Travel Experts

Geeta Sirpaul

"Transforming Travel Experiences with Decades of Industry Leadership"

Verified

40y Exp.

Delhi, India

Expert in visa documentation and end-to-end support.

Manoj Kumar Varshney

"Expert travel guidance backed by 30+ years of experience"

Verified

34y Exp.

Delhi, India

30+ years experience in visa consultancy and forex.

Planit Holidays

"Seamless Travel, Thoughtfully Planned."

Verified

15y Exp.

Delhi, India

Specializes in visa assistance and international travel planning.

Plan Your Trip

Get a personalized itinerary in minutes.

The fluctuating Euro-to-Rupee exchange rate makes the minimum balance requirement unpredictable.
Maintaining a high liquid balance for three to six months can cause opportunity cost issues.
Strict scrutiny of sudden large deposits can lead to visa rejection due to unexplained funds.