Second Phase Of BPN Payments To Be Completed By This Weekend
Author Avatar
finance minister tengku datuk seri zafrul aziz

(Image: The Sun Daily)

The Ministry of Finance aims to complete all payments for the second phase of Bantuan Prihatin Nasional (BPN) payments by this weekend at the latest.

According to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, the second phase of payments have already begun, involving 5.79 million recipients and RM2.63 billion in payments. “Out of the total 8.3 million recipients approved, the payment achievement for Phase 1 was at 96% while Phase 2 is ongoing and is at the 49% level,” said Tengku Zafrul.

For recipients who do not have bank accounts or have met with the status “Failed to Be Credited”, cash payments can be made from Bank Simpanan Nasional from 14 May onwards. The minister of finance said that this is estimated to involve 800,000 recipients with an allocation of RM300 million.

Meanwhile, those who have applied for the BPN aid but have been rejected can submit their appeals to Lembaga Hasil Dalam Negeri (LHDN) until the end of the month.

The BPN financial aid was announced as part of the Prihatin Economic Stimulus Package, and is offered to individuals who belong to the B40 and M40 income groups. The first phase was disbursed earlier in April and the ongoing second phase, which makes up the final round of BPN payments, began last week on 4 May.

(Source: The Sun Daily)

0 0 votes
Article Rating

SHARE

Comments (0)

Subscribe
Notify of

0 Comments
Inline Feedbacks
View all comments
Top Personal Finance News Articles
Top Personal Finance News Articles
Post Image
Petrol Price Malaysia Live Updates (RON95, RON97 & Diesel)
ringgitplus
- 17th April 2024
We provide weekly updates on every Friday at 5pm on the prices of RON95, RON97 and Diesel in Malaysia and a chart that shows the movement of fuel prices across a 6-week period. Bookmark this page now!
Post Image
Astro 4K Ultra HD Broadcast To Be Available For Subscription By The End of This Year
Brian Chung
- 14th August 2018
By the end of 2018, Astro customers will be able to watch football matches in Ultra HD. Read on to know more about the 4k Ultra HD service.
Post Image
Best High Interest Savings Accounts In Malaysia (April 2024)
Pang Tun Yau
- 17th April 2024
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!
Post Image
Historical EPF Dividend Rates
ringgitplus
- 4th March 2024
Ever wondered how this year's EPF dividend rate compares to previous years? We got you covered with our historical 11-year chart!

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image