Minimum Vital Income in February: when is it charged and when does it reach the bank?

Minimum Vital Income in February: when is it charged and when does it reach the bank?

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The payment of the Minimum Vital Income (IMV) in the month of February will be made next Monday, February 1, Although according to the bank, the income could take several days to appear in the beneficiary’s account.

At Article 11 of Royal Decree-Law 20/2020, by which the Minimum Vital Income, collects: “The right to the benefit of the Minimum Vital Income will arise from the first day of the month following the date of presentation of the application”. This means that, for example, those who have applied for the aid on January 20 and meet the requirements, will collect the aid from February 1, regardless of the date they made the application.

“The payment will be monthly and will be made by bank transfer, to an account of the holder of the benefit, in accordance with the terms and procedures established in the General Regulation of the financial management of Social Security, approved by Royal Decree 696/2018, of June 29 ”, concludes article 11 Royal Decree-Law 20/2020.

How to apply for the IMV

To request this benefit, you can access the Electronic headquarters of Social Security and present the required documents that prove the income they have. If it is done electronically, it is necessary to have a electronic certificate or cl @ ve username and password.

Although in case of not having these elements, can be done without certificate. You access a form in which They will request the data and those of the members who are part of the coexistence unit. It can also be sent by Ordinary mail to the corresponding Provincial Directorate and present it later in the registry of any public administration, as well as request it in person in Social Security by appointment.

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.