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Bank Account Mandatory for Receiving Social Security Allowance

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Bank Account Mandatory for Receiving Social Security Allowance
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August 21: The government has made it mandatory for people receiving social security allowance to open bank accounts.

The Department of National ID and Civil Registration (DoNIDCR) has implemented this provision in line with the announcement made during the current fiscal year’s budget, which mentions that all beneficiaries will have to open bank accounts from this year onward to receive the allowance.

With this new provision, on the local units which do not have access to banking service will receive social security allowance in cash. All other local units will have to open bank accounts for the beneficiaries and deposit their allowance in bank.

Senior citizens, single women, people from backward Dalit community, people from endangered groups, differently abled persons, widow among others have been receiving social security allowance ranging from Rs 400 to Rs 3000 per month.

The government had proposed this concept five years ago but it not implemented all over the country. But the Director of DoNIDCR Shiva Raj Joshi says it has become mandatory in all local units except some exceptions from now onward.

According to Joshi, the local units will not be allowed to hand over the allowance in cash anymore.

So far, 137 local units have already started distributing social security allowance through the banking system.

The department informed that altogether 3.2 million people receive social security allowance in Nepal.

 

 

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