Home News PayNow's e-payment speeds up IPPT cash prizes for NSmen

PayNow’s e-payment speeds up IPPT cash prizes for NSmen

Author

Date

Category

- Advertisement -

Starting in 2019, operationally-ready National Servicemen (NSmen) who get high marks on their Individual Physical Proficiency Test (IPPT) will receive their cash rewards immediately in their bank accounts via PayNow.

This was announced by Defence Minister Ng Eng Hen on October 4, Thursday.

It means that instead of having to wait for two weeks for the cash prizes to be credited to their accounts, NSmen will get them right away.

At the moment, the prizes are credited via Giro into bank account numbers the NSmen have given to the Ministry of Defence (MINDEF).

- Advertisement -

But by early 2019, pilot testing for the scheme will be done at Maju Fitness Conditioning Centre (FCC) at Maju Camp in Clementi and will be launched in Bedok, Khatib and Kranji FCCs by midyear.

The NS Portal Website will post the exact date of implementation.

Gold awardees will continue to receive S$ 500, silver awardees, S$ 300, and NSmen who rate a “Pass with Incentive” mark will be getting S$ 200.

Members of the national service will need to register for PayNow via their bank, and their PayNow account will be linked to their NRIC number. This must be done before the NSmen schedule and take the IPPT.

If they choose not to register, their cash prizes will still go through Giro.

Participating banks include Standard Chartered, OCBC, DBS Bank, UOB, and Maybank.

Send in your scoop to news@theindependent.sg 

- Advertisement -

Journalist claims Karen Mok is the only woman Stephen Chow has ever thought of marrying

Hong Kong -- Last year, comedian Stephen Chow's public and ugly legal battle with his former girlfriend over their finances gave a rare peek into the personal life of the fiercely private 58-year-old. It was reported that out of all the women...

Goh Chok Tong says that as true friends with Tan Cheng Bock, “we will always have each other’s best interest at heart”

Despite a relationship that seemed to be fraught with political tension from the past year, Goh Chok Tong and Tan Cheng Bock met for dinner over the weekend. On Friday (Feb 19), former Emeritus Senior Minister (ESM) Goh posted on social media...

Prank orders in Joo Seng affects at least 12 delivery riders, police investigating incident

Singapore – The police are investigating a case of "intentional harassment" involving Foodpanda delivery orders sent to a Housing and Development Board (HDB) flat in Joo Seng after a resident highlighted a case of "prank orders" in social media. On Friday (Feb...

Send in your scoop to news@theindependent.sg 

Theindependent