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BR1M 2017 to be paid out tomorrow

KUALA LUMPUR, Feb 17 — Payment for this year’s 1Malaysia People’s Aid (BR1M) in voucher form will be made from tomorrow (Feb 18).

In a statement here today, the Finance Ministry said direct debit payment would be made into the Bank Accounts of the recipients concerned from Feb 22.

For BR1M recipients who have not provided information about their Bank accounts, the vouchers will be sent by post to their home address and can be cashed at any Bank Simpanan Nasional (BSN) branch.

Members of the public who have enquiries or want to check on their BR1M status can call the help hotline at 1-800-88-2716.

In his blog www.najibrazak.com , Prime Minister Datuk Seri Najib Tun Razak, said to date, the government had approved 5,153,238 applications for BR1M.

He said 3,123,950 more applications were being processed and the outcome will be announced next month.

Najib also said that 2,782,799 people will get RM1,200 in BR1M aid, 243,434 will get RM900 while 2,127,005 will receive RM450.

For this year, BR1M will be Paid out three times, in February, June and August. ? Bernama

Okay, I’m not received the BR1M but I wish all of you know how to use it wisely. In my family, my old brother (which is OKU), my younger sister (which is unemployment) will get the BR1M money. Honestly I don’t think BR1M is good idea but as long you don’t need to repay it , it’s okay.

For those get BR1M, I’m suggest you to put at least RM50-RM100 to your investment fund such as ASB, Tabung Haji or others. Not much money but it could encourage you to save. We don’t know how long this BR1M will be implement. Maybe next year no BR1M as we don’t know about the policy of next government (this year the PRU will come).

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This post first appeared on Only The Best Finance Source — Good Finance Have A Great Life, please read the originial post: here

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BR1M 2017 to be paid out tomorrow

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