NS credits 2024: All you need to know

The NS credits scheme is a government initiative that provides financial assistance to past and present National Servicemen (NSmen). The scheme was first introduced in 2016, and has since been expanded to include more NSmen. In 2024, the scheme will be further enhanced to provide even more benefits to NSmen.

Who is eligible for NS credits?

To be eligible for NS credits, you must meet the following criteria:

• Be a Singaporean citizen or Permanent Resident
• Have served or are currently serving in the Singapore Armed Forces (SAF), the Singapore Police Force (SPF), or the Singapore Civil Defence Force (SCDF)
• Have completed at least 10 years of full-time National Service (NSF)

How much are NS credits worth?

The amount of NS credits you receive depends on your rank and years of service. In 2024, the maximum amount of NS credits that you can receive is $200.

How can I use NS credits?

NS credits can be used to offset the cost of a wide range of goods and services, including:

• Education expenses
• Healthcare expenses
• Housing expenses
• Transportation expenses
• Lifestyle expenses

How do I apply for NS credits?

You do not need to apply for NS credits. If you are eligible, you will automatically receive your credits in your CPF account. You can check your CPF account balance to see if you have received your NS credits.

The NS credits scheme is a valuable benefit that can help NSmen to offset the cost of a wide range of goods and services. If you are eligible for NS credits, be sure to take advantage of this benefit.