How NSFAS Beneficiaries Change Banking Details to Receive Allowances

How NSFAS Beneficiaries Change Banking Details to Receive Allowances

Learn to change or upload your NSFAS banking details to receive your allowances. The banking details provided must belong to the student to enable NSFAS to verify these against the student’s details on record.

NSFAS Beneficiaries at TVETS College Allowances

After calling on all students funded by the National Student Financial Aid Scheme (NSFAS) at TVET colleges to submit banking details online, NSFAS has concluded the verification process in preparation for the TVET student allowance payment run.

In terms of the data received, students have been verified and some failed the verification checks, due to updated Bank accounts that do not belong to students. All students whose bank accounts were successfully verified will henceforth receive their allowances directly via their bank accounts.

NSFAS is calling upon all students who have already uploaded their personal banking details and have received a notification through the myNSFAS portal indicating that the verification of their details has failed to re-submit their correct banking details on the portal, to avoid further delays in the payment of their NSFAS allowances.

How to Change Your NSFAS Banking Details

To update their banking details, students ought to follow these steps:

  1. Log in to your myNSFAS using your username and password.
  2. Once logged in, navigate to the “Banking Details” under the Profile Information.
  3. Review the existing banking details provided by entering the account number, bank name, branch name, and account type.
  4. If required, update the correct banking details, ensuring that all the information provided is accurate.
  5. Once the update is complete, click on the “Save” or “Update” button to save changes.

It is important to double-check the accuracy of the banking details before submitting them. Incorrect details may result in delays.

Please note that the processing time for updating banking details may vary depending on the financial institution. It is advisable to allow sufficient time for the changes to be reflected in the system.

Did You Know

How to Appeal for NSFAS Funding

How to Submit Bank Details to NSFAS

TVET NSFAS Application Dates

NSFAS Bank Account MasterCard

How to Check NSFAS Application Status Using Short Code

How to Apply for National Student Financial Aid Scheme (NSFAS) Funding

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