The national student financial aid scheme is set up to support students seeking financial aid in tertiary institutions. As part of the operations and administrative tasks, the NSFAS introduced the wallet account for students expecting to receive funds from NSFAS.
The NSFAS wallet account must be registered for one to receive an allowance. This NSFAS wallet account registration is much related to the students at the TVET. Without the NSFAS wallet, applicants may not be able to receive their funds. The wallet allows individuals to make payments and transact deals in their own comfort.
How To Register For NSFAS Wallet Account
To register for an NSFAS wallet account, you must have a mobile phone with a number linked to your application. The NSFAS wallet is the medium to receive an allowance from NSFAS. Registering for the NSFAS wallet gives you the mandate to receive funds from NSFAS and also access your funds.
- To register, dial the short code *120*176# to receive a prompt to verify and confirm your details.
- The verification and confirmation allow you to create your own password. This could be mixed characters.
- After confirming and completing of authentication, dial the same code *120*176# to view your NSFAS wallet account.
- You can also visit the celbux URL https://celbux.appspot.com/ after confirming your NSFAS wallet
- Input your mobile number or username and password on the page.
This option also gives you access to our NSFAS wallet account online.
Who qualifies for NSFAS wallet?
The NSFAS requirements state that; applicants with a household income of less than R350000 are eligible to receive financial assistance from NSFAS. The qualification, on the other, may be subject to your entire application.
And in this case, applicants who meet all the NSFAS requirements are eligible to qualify for the NSFAS wallet. One key thing to note about the NSFAS wallet is that it is limited to students enrolling in the TVET colleges.
How do I use NSFAS mobile wallet?
Understanding the actions of NSFAS can sometimes be very positive for applicants. NSFAS created a mobile wallet for students who meet their requirements. The Usage of the NSFAS mobile can be in two forms. These include withdrawals and making payments.
Students who have received their NSFAS wallet can easily make withdrawals from their NSFAS mobile wallet through the voucher procedure. You can also create a voucher to make payments or purchases for goods. The wallet serves as your bank account but with certain restrictions.
How do I activate my NSFAS account?
Upon registration of your NSFAS account, that is when you can activate your NSFAS account. One vital point is to sign the loan agreement NSFAS sends to you. This confirms that NSFAS will pay you your allowance in your NSFAS account.
To activate your NSFAS account:
Dial *120*176#; this step allows you to initiate the activation process. Upon dialing the code and selecting the required option, you will be asked to enter your ID number. Once this is complete, a password is sent to your mobile number. That password and ID number will be used to access your NSFAS account. The above procedure activates your NSFAS account when successfully done.
Why Do You Need To Register NSFAS Wallet Account?
Understanding the motive of the NSFAS wallet account will give you an idea as to why you need it. Certainly, not all applicants need the NSFAS wallet account. According to the policy of NSFAS, the creation of the wallet was done to help TVET colleges to receive their allowance without going through stress.
The need to register for an NSFAS wallet account is very crucial; it is the main gateway to receive and access your allowance sent by NSFAS. This wallet account is purposely made to track students’ spending and all other expenditures. Without registering your NSFAS wallet, you would not be able to receive funds from NSFAS. You will have access to credible merchants across the regions to withdraw or make purchases.
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