Use of PayNow (NRIC) for disbursement of training grants under IBF-STS

Jun 11, 2020

To facilitate speedier disbursement, The Institute of Banking and Finance (IBF) has implemented PayNow as the payment mode for disbursement of training grant claims to self-sponsored individuals. Please ensure you have linked your NRIC to your PayNow bank account. Failure to do so will result in forfeiture of the approved funding.

Training organisations should ensure that all your self-sponsored trainees have linked their NRICs to their PayNow bank accounts. For example, to insert a declaration in the programme registration forms for course participants or exam candidates the need to do so in order to receive training grant.