New payroll card is created for INSS beneficiaries

In this month of September, insured beneficiaries of the National Institute of Social Security (INSS) retirement will be able to count on a 5% increase in the margin of loan consigned. The limit is part of the new credit modality: the Payroll Benefit Card. See more information.

Read more: 1000 vacancies available: new INSS contest is announced

Through this new offer, people want to know who will offer this updated margin.

New payroll card

To avoid any doubts, it is important to inform which banks will work with the INSS payroll credit card. We already have some banking institutions that have confirmed that they will release this new line of credit. See exactly who has spoken out positively so far:

• BMG;
• Master;
• PAN;
• Santander;
• Daycoval;
• Fact.

The BMG bank, for example, reported that the INSS payroll card will be available from September. According to information from the financial institution, the card will contain the following characteristics:

• No annuity;
• Available for withdrawal up to 70% of the card limit;
• Life insurance;
• Free funeral assistance;
• Discount of monthly fees directly on the payroll;
• Pharmacy discounts;
• Free withdrawal;
• Invoice payment within 40 days.

It is worth mentioning that if the invoice exceeds the 5% that is deducted from the payroll and is not paid in excess, there will be a monthly charge of 3.06%.

There is a lot of speculation among retirees and pensioners about when there will be release in other banks. The answer available at the moment is that the Santander group and the company Olé will supply the credit card this September.

Banco Pan, on the other hand, informed that it will prepare itself to operate with the benefit card for retirees and pensioners of the INSS in the best possible way, so it will await regulatory, administrative and operational requirements. Financial institutions Master, Daycoval and Facta have yet to comment.

Since we are talking about INSS, we will also disclose, through this post, the dates for payment of benefits for the month of September and also for the month of October, which is about to arrive.

The calendar will be released for policyholders who earn a minimum wage:

• Final Benefit 1: September 26th;
• Final Benefit 2: September 27th;
• Final Benefit 3: September 28;
• Final Benefit 4: September 29;
• Final Benefit 5: September 30;
• Final benefit 6: October 3;
• Final Benefit 7: October 4;
• Final Benefit 8: October 5;
• Final Benefit 9: October 6;
• Final Benefit 0: October 7th.

The calendar will be released for insured persons who earn above the minimum wage:

• Final benefit 1 and 6: October 3;
• Final benefit 2 and 7: October 4;
• Final benefit 3 and 8: October 5;
• Final Benefit 4 and 9: 6's October;
• Final Benefit 5 and 0: October 7th.

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