If you are a Social Relief of Distress (SRD) grant beneficiary who has opted to have your grant payment processed through your bank account, then there is a good chance that you have included your bank in your SRD grant application.
However, according to South African Social Security Agency (Sassa), your SRD grant payment cannot be processed if your bank account has not been verified. This is done to ensure that, as an applicant, your monthly income does not exceed R585.
If Sassa finds that you are receiving an amount totalling more than R585 per month, then your application will be declined. However, Sassa grant recipients have the right to apply for reconsideration if their application was rejected.
Sassa has also reiterated that the bank account verification process does not have a set timeframe.
“The process of bank verification does not have a set timeframe. The applicant's details go to the Department of Treasury; to the specific bank chosen by the applicant and when it is verified it then goes back to Treasury and lastly handed over to SASSA for payment purposes.”
The Social Relief of Distress Grant has been extended for an additional 12 months. This means the grant will come to an end in March 2023.
