Students Can Now Apply For The New KADS1M Debit Card Worth RM250
Starting this year, KADS1M will be replacing the Bantuan Buku 1 Malaysia (BB1M) scheme.
By Tang Ruxyn — 20 Feb 2017, 01:50 PM
Starting 16 February 2017, students can apply for the KADS1M (Kad Diskaun Siswa 1Malaysia) Debit card
For the past few years, students in tertiary education have been receiving the 1Malaysia Book Voucher or Bantuan Buku 1Malaysia (BB1M) as the government aims to reduce the burden of academic book costs.
However, starting this year, eligible students will be receiving the RM250 assistance through a bank account instead of receiving them in the form of vouchers. The RM250 assistance will be debited directly inside a Bank Rakyat account and students will obtain a card known as KADS1M (Kad Diskaun Siswa 1Malaysia).
In addition to the RM250 assistance, students will also get discounts when using the KADS1M to buy selected goods and services, subject to the conditions set by the participating companies and merchants.
In order to receive this assistance, you'd have to fulfil the following criteria:
2. An active student studying at a public or private institution as of 31 December 2016
3. Studying full-time or part-time
4. Not a BR1M (Bantuan Rakyat 1 Malaysia) recipient
5. Be in Malaysia during the implementation of KADS1M Debit card programme
Students are required to open an i-Saving account with Bank Rakyat and submit an online application for KADS1M
HOW TO APPLY:
1. Visit the official page of Bank Rakyat and fill in the online application form. (Note: If the server is slow, it is probably because many users are also trying to access the website. Keep trying at different times of the day.)
2. You will receive a notice at the end of the application that your registration was successful.
3. Remember to check your email regularly as you will receive an email from Bank Rakyat to inform you of when the card is ready for collection.
Also, remember to bring the following items when collecting your new debit card:
For students above 18 years old:
1. MyKad (original and 1 copy)
2. Student card (original and 1 copy)
For students below 18 years old:
1. MyKad (original and 1 copy)
2. Student card (original and 1 copy)
3. A letter of authorisation from parents/guardian
4. Parent's/guardian's MyKad (1 copy)
3. Birth certificate/adoption certificate (original and 1 copy)
Do students need to pay a fee to obtain this KADS1M?
KADS1M is given out for FREE for the first year to eligible students. However, according to Bank Rakyat, students will need to pay an annual fee of RM5 for the subsequent years for the KADS1M Debit card. This card has to be renewed every three years.
Students may use this card to buy books, stationery, computer equipment and Internet access. KADS1M functions like any other debit cards although it is said that the amount is limited to only RM250.
For more information about KADS1M, visit Bank Rakyat's website or read more about it here.