sassa and capitec bank 2023-2024
sassa and capitec bank 2023-2024
The South African Social Security Agency (SASSA) is a government institution that provides social grants to eligible citizens in South Africa. One of the ways SASSA pays out social grants is through Capitec Bank.
- Capitec Bank is a South African commercial bank that offers a range of banking services, including savings and investment accounts, personal loans, and credit cards. As an approved SASSA service provider, Capitec Bank helps to distribute social grants to eligible beneficiaries through its extensive network of branches and ATMs across the country.
- To receive their social grant payments through Capitec Bank, beneficiaries must first nominate Capitec Bank as their preferred payment method. This can be done by visiting their nearest SASSA office and completing the necessary forms or by contacting the SASSA toll-free helpline on 0800 60 10 11.
- Once beneficiaries have nominated Capitec Bank as their preferred payment method, their social grant payments will be automatically deposited into their Capitec Bank account each month. Beneficiaries can then withdraw their funds from any Capitec Bank branch or ATM or use their Capitec Bank card to make purchases at merchants that accept Visa or Mastercard payments.
- It is important to note that Capitec Bank charges certain fees for its banking services, such as ATM withdrawals and balance inquiries. However, SASSA beneficiaries who receive their social grants through Capitec Bank are entitled to one free cash withdrawal per month at any Capitec Bank ATM.
- In addition to providing a convenient payment method for social grant beneficiaries, SASSA and Capitec Bank also work together to ensure that beneficiaries receive the best possible service. This includes providing training and support to Capitec Bank staff to ensure they are equipped to assist SASSA beneficiaries with any queries or issues they may have.
Overall, the partnership between SASSA and Capitec Bank plays an important role in providing financial assistance to eligible citizens in South Africa. By making it easier for beneficiaries to access their social grant payments, SASSA and Capitec Bank are helping to alleviate poverty and improve the lives of vulnerable individuals and families across the country.
SOCIAL GRANTS
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Care Dependency Grant
Child Support Grant
Disability Grant
Foster Child Grant
Grant-In-Aid
Older Persons Grant
Social Relief of Distress
War Veterans Grant
Visit the SRD website at
- Email: srd@sassa.gov.za
- USSD: *134*7737#
RELATED LINKS
Click here for more info on SASSA
For more information on Sassa, click here