Banking Details for SASSA SRD Grant, Add, Update and Change Bank Details

The South African Social Security Agency (SASSA) SRD Grant provides much-needed financial support to many South Africans.

To ensure you receive your grant payments without delays, having accurate banking details on file is very necessary. 

What bank accounts are accepted for the SASSA SRD Grant?

SASSA deposits the SRD grant into any active South African bank account, including those held at:

  1. Absa
  2. Standard Bank
  3. FNB
  4. Nedbank
  5. Capitec
  6. Investec
  7. Mercantile Bank
  8. Bidvest Bank
  9. Sasfin
  10. TymeBank

You must note that you cannot receive the SRD grant into a Post Office account.

How to add bank details for the SASSA SRD Grant

If you haven’t included your bank details during your initial SRD grant application, you can add them easily through the SASSA website.

Here’s a step-by-step guide:

  1. Visit the SASSA SRD website.
  2. Scroll down to the “How do I change my banking details” section.
  3. Enter your South African ID number.
  4. An SMS containing a secure SASSA banking details link will be sent to the mobile phone number registered with your application.
  5. Open the link in the SMS (data charges won’t apply).
  6. You’ll be directed to a secure page where you can enter your bank details, including:
    • Bank name
    • Branch code
    • Account number
  7. Double-check all details for accuracy before submitting.
  8. You’ll receive an SMS confirmation if your bank details are successfully added.

You must remember to always keep a copy of the confirmation SMS for your records.

How to update existing bank details for the SASSA SRD Grant

If your bank details have changed (e.g. new account number, switched banks), you can update them using the same method as adding new details.

The SASSA website will recognize your ID number and allow you to update your existing information.

How to change SASSA SRD Grant payment method from the Post Office to a bank account?

Yes, you can switch your SRD grant payment method from the Post Office to a bank account. Here’s how to go about it:

  1. Visit your nearest SASSA local office.
  2. Request a SASSA form “SASSA 1”.
  3. Complete the form accurately, including your personal details and new bank account information.
  4. Ensure you have a certified copy of your ID and proof of your new bank account (e.g. bank statement or letter from your bank).
  5. Submit the completed form, certified ID copy, and bank account proof to a SASSA official.

If you don’t prefer the above method, you can also change your grant payment through this process:

  1. Contact SASSA’s toll-free number at 0800 60 10 11 to request a SASSA 1 form to be mailed to you.
  2. Follow steps 3-5 mentioned above after receiving the form.

How long does it take for the SASSA SRD Grant to reflect in bank account after updating my details?

The processing time for updating your bank details and receiving your first SASSA SRD grant deposit into the new account can take between 5 to 10 working days.

If you recently updated your details, allow sufficient time for processing before contacting SASSA.

Can I still apply for the SASSA SRD Grant without a bank account?

Having a bank account is a mandatory requirement to receive the SASSA SRD Grant.

However, if you don’t currently have a bank account, here are some options:

  1. Consider opening a basic bank account at a bank or financial institution that offers accounts with minimal monthly fees.
  2. Explore options like TymeBank or Bank Zero, which offer free or low-cost mobile banking accounts.

By opening a bank account, you’ll not only receive your SASSA SRD Grant conveniently but also gain access to various financial services that can empower you to manage your money effectively.