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How long does it take for R350 to reflect in bank account?

February 3, 2024 by Staff [OASC]

it may take approximately 2-3 business days for the funds of the R350 SRD SASSA payment to reflect in your bank account

During that week, clients are encouraged to view their status on the SRD website for the exact date payment will reflect in their bank accounts,” said the agency. Sassa said funds will take about two to three working days to reflect in the client’s account after payment has been processed.

Several factors can influence the processing time:

  1. SASSA Processing Time: The South African Social Security Agency (SASSA) is responsible for processing and disbursing the SRD grant. The time it takes for SASSA to complete the processing can vary based on the volume of applications and other factors.
  2. Bank Processing Time: Once SASSA processes the payment, the time it takes for the funds to reflect in your bank account depends on your bank’s processing times. Different banks may have varying timelines for crediting funds.
  3. Accuracy of Information: Ensure that the bank account details you provided during the application process are accurate. If there are any discrepancies or issues with the information, it may cause delays.

To get the most accurate and up-to-date information on the status of your SRD grant payment, you can:

  • Check your bank statement: Monitor your bank account for any incoming transactions related to the SRD grant.
  • Contact SASSA: Reach out to SASSA directly through their helpline at 0800 60 10 11 or visit your local SASSA office to inquire about the status of your payment and any potential delays.
See also  Why is my SASSA appeal taking so long?

It’s important to note that processes and timelines may have changed since my last update in January 2022. Therefore, for the latest and most accurate information, it is recommended to contact SASSA or visit their official website.

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See also  How do I change my r350 from bank to Shoprite?

More Online Application Guides :

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