How To Change Your Banking Details For SRD Grant

Sassa supports beneficiaries receiving their Special Covid-19 Social Relief of Distress (SRD) grants through their personal bank account. For recipients of SRD grants, here is how to update their bank details.

How To Change Your Banking Details For SRD Grant

Social Relief of Distress (SRD) grants have been paid using flexible methods by the South African Social Security Agency (Sassa). A number of methods are available for receiving grants, including bank transfers and receiving grants via personal bank accounts.

Those who have been approved for Sassa SRD can visit the website to update or change their bank details. Beneficiaries are reminded that Sassa will only use their newly verified banking information for future payments.

Changing your SRD Grant banking information:

  • See the website of Sassa SRD.
  • To change your banking details, scroll down to “How do I do it?”.
  • The ID number you entered is required.
  • During the application process, you will receive an SMS containing a unique secure link.
  • You can access the link in the SMS by clicking it.
  • Don’t forget to follow the instructions.

In order to avoid paying grants into another person’s account, Sassa has clarified that beneficiaries must provide their own banking details.As a result, the grant payment is directed to the correct recipient and fraudulent activities are prevented.

The cell phone number on which the SMS was received must be registered in the name of the recipient if they select the money transfer option through a major bank.

The reason for this is that Sassa cannot pay its grant payment to a mobile phone number that is registered to another individual.

The R350 grant was extended by 12 months by Finance Minister Enoch Godongwana in October 2022. As a result, beneficiaries will receive their grants until March 2024. 

In order to make it permanent, the minister warned that revenue will have to be increased permanently or other expenditures reduced.