The Government Will Directly Deposit RM250 To Students If They Already Own A KADS1M
You can expect to receive the money on 15 March.
By Justin Tan — 08 Mar 2018, 03:19 PM — Updated over 6 years ago
Public and private university students can expect to receive RM250 through 1Malaysia Student Discount Card (KADS1M) from 15 March 2018 onwards
According to Bernama, the Minister of Higher Education Datuk Seri Idris Jusoh said the ministry has allocated RM300 million for KADS1M 2018, which will benefit more than 1.2 million undergraduates.
The minister was speaking in a dialogue session at the Keeping In Touch programme between MOHE and student leaders at Dewan Agung Tuanku Canselor, Universiti Teknologi Mara (UiTM) yesterday, 7 March.
Students who received the card last year do not need to apply again as the aid will be automatically credited into their existing Bank Rakyat saving accounts
The matching of data will be done by Bank Rakyat. However, students are encouraged to check their status online just in case if their name or information goes missing from the database.
Idris said students will be able to check their status online once an official announcement has been made.
One main difference for this year is that students are able to obtain the card from any Bank Rakyat branch instead of one specific branch
15 MARCH (UPDATE): Existing KADS1M holders can check their status online or using the ATM from 4pm today. Meanwhile, new applicants can apply for KADS1M starting 1 April.
Students may use this card to buy books, stationery, computer equipment, Internet access or withdraw money directly from an ATM as it functions like any other debit cards out there
Idris said, "This allocation is in line with the 2018 Budget announced by the prime minister last October to lessen the financial burden of higher education institution students due to the rising cost of living."
You can find out more on KADS1M's features here.
