S’poreans With NRIC-Linked PayNow Accounts Have Apparently Started Receiving Cash Payouts On 1 Dec & More Trending News


Cash Payouts Begin Arriving For Singaporeans With NRIC-Linked PayNow

Last month, the Government introduced that money payouts have been on their means, a lot to the joy of Singaporeans.

Eligible residents will probably be entitled to a payout of as much as S$500, and an extra handout of as much as S$200. As a part of latest monetary packages, it can assist offset the approaching GST hike.

Now, evidently some OCBC clients have begun to obtain the handouts by way of their NRIC-linked PayNow utility.

Singaporeans start to obtain money payouts for December

According to a submit within the GrabFood Delivery Rider Singapore Facebook group, OCBC clients have already began receiving their payouts.


Source: Facebook

The quantity will arrive by way of their PayNow or iBanking app, which should be linked to their NRIC for retrieval.

However, OCBC clients who opted for financial institution transfers should wait some time for his or her fee.

Another netizen acknowledged that clients for different banks, equivalent to UOB and POSB, haven’t acquired their payouts but.

Source: Facebook

Speaking to MS News, these with OCBC accounts shared that they’ve certainly acquired the money handouts to their NRIC-linked PayNow accounts.

Image courtesy of MS News reader

However, clients below different banks haven’t acquired them.

This didn’t cease Singaporeans from checking the app for the handouts, although. According to the DBS iBanking app, the platform was down because of heavy site visitors for a brief time period.

Image courtesy of MS News reader

Cash handouts will probably be as much as S$700

On 15 Nov earlier this 12 months, the Ministry of Finance (MOF) introduced that eligible Singaporeans will obtain two money handouts in December.

Eligible S’poreans Will Get Up To S$700 Cash Handouts From 5 Dec

As a part of the S$1.5 billion assist package deal introduced in October, the primary payout will probably be as much as S$500. Up to 2.5 million grownup Singaporeans will probably be eligible for it.

The second one, which comes below the Assurance Package, will probably be a payout of as much as S$200. Even extra residents – round 2.9 million grownup Singaporeans – will obtain the disbursement.

Once credited, eligible residents will obtain a notification by way of the SingPass app or by an SMS.

For extra info on which payouts you might be eligible for, you possibly can go to this hyperlink.

Have information you should share? Get in contact with us by way of e mail at [email protected].

Featured picture tailored from Tech in Asia.

S’poreans With NRIC-Linked PayNow Accounts Have Apparently Started Receiving Cash Payouts On 1 Dec

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S’poreans With NRIC-Linked PayNow Accounts Have Apparently Started Receiving Cash Payouts On 1 Dec

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