Is SRD Grant Increased to R500 | Here is The Answer
There are recent media reports that the SRD grant has been increased. But here is the correct answer for the question; is SRD grant increased to R500?
Table of Contents
Is SRD Increased to R624 or R500?
Have you lately found an article talking about the SRD grant being increased to R500 or R624? Well, if your answer to the question above is yes, read further below to find the truth about this burning question.
Background
Earlier this year, Sassa have increased the SRD threshold to R624. A lot of people confused this as an increase to the grant payout. No, this is not an increase in SRD grant payout. It is an amount that Sassa uses to determine if you qualify for the R350 grant or not. This means that if you get an income of R624 or below per month, you may qualify to get the R350 grant.
Some media reports also confused this as an increase for the grant. Note that, this is not an increase in the payout of the Social Relief of Distress Grant.
Is SRD Grant Increased to R500
The answer is NO; SRD grant has not been increased to R500. See a message below from Sassa during the week.
So How Much is SRD Grant Now?
On their recent announcement sassa said “Payment amount and bank details: Please be reminded that the COVID-19 SRD payment amount remains R350 per person, for each month they qualify for.”
The agency further urged the beneficiaries to use correct banking details for facilitation of their payments. “Beneficiaries are urged to please provide their correct bank account details so that we can timeously facilitate their grant payments. The bank account should still be active and registered in the applicant’s name.”
Clients are reminded that the Covid-19 SRD grant payment amount remains R350 per person, for each month they qualify for. #Covid19SRDGrant #SASSACARES @The_DSD @GovernmentZA @GCISMedia @nda_rsa pic.twitter.com/S2vkXT0t6i
— SASSA (@OfficialSASSA) October 7, 2022
About R350 SRD Grant
The current SRD Grant pays R350 to approved applicants for the period determined. The extension of the grant depends of the availability of the funds and the announcements are made by the relevant officials.
Question time
Do you think the R350 SRD grant must be increased? If so; for how much? And if not, Why not? Share your thoughts by commenting on the comment section below.
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