BANKSETA Discretionary Grant Bursaries 2025, Are you a South African student interested in a career in banking, finance, or business services? The BANKSETA Discretionary Grant Bursaries 2025 offer a golden opportunity to fund your studies in high-demand fields. Whether you’re a first-time university student or a returning learner, these bursaries can help you gain qualifications that lead to real employment opportunities in the finance sector.

In this guide, we’ll explore what the bursary offers, who qualifies, how to apply, and where to find official application links.

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What is the BANKSETA Discretionary Grant Bursary?

The Banking Sector Education and Training Authority (BANKSETA) offers discretionary grant bursaries to support scarce and critical skills in South Africa’s banking and microfinance sectors. These bursaries form part of BANKSETA’s mission to build a skilled workforce that aligns with national economic goals.

Discretionary grants are awarded based on need and strategic importance – typically to learners pursuing studies in key fields such as:

Banking and Finance
Business Administration
IT and Data Analysis
Risk Management
Compliance and Auditing
Actuarial Sciences
Financial Planning

The bursary covers most or all study-related expenses including tuition, books, accommodation, and a living allowance, depending on individual need and institutional agreements.

Who Can Apply BANKSETA Discretionary Grant Bursaries 2025?

BANKSETA discretionary grant bursaries are aimed at a broad range of students and professionals. You may be eligible if you fall into any of these categories:

✅ University Students

If you are currently registered at a public university or university of technology for a finance or banking-related qualification, you can apply. Preference is given to second-year and later students, but first-years may also be considered if funding allows.

✅ TVET College Students

If you’re studying NC(V) or Nated (Report 191) business-related programmes at an accredited TVET college, you’re eligible. Fields such as financial management and business studies are prioritised.

✅ Unemployed Graduates

Recent graduates who are currently unemployed and wish to upskill through postgraduate diplomas or specialised short learning programmes may also apply.

✅ Employees in the Banking Sector

Those already working in the banking sector can apply for funding to upskill or reskill themselves in alignment with the BANKSETA Sector Skills Plan.

What Does the BANKSETA Discretionary Grant Bursaries 2025 Cover?

Depending on your course and institution, the BANKSETA Discretionary Bursary may cover:

Full or partial tuition fees
Prescribed textbooks
Accommodation and meals
Monthly stipend for living expenses
Support for assistive devices (for learners with disabilities)
Career guidance and mentoring

The extent of the coverage is determined based on your personal and financial circumstances, the course you’re pursuing, and the institution’s requirements.

Priority Fields of Study for 2025

To qualify, your programme must align with BANKSETA’s scarce and critical skills list. These include but are not limited to:

BCom (Banking, Finance, Accounting, or Economics)
BBusSci (Business Science)
National Diplomas in Financial Management
Higher Certificates in Banking
Data Analytics and Cybersecurity
BSc Computer Science (if specialising in fintech solutions)
Postgraduate Diplomas in Compliance, Risk or Financial Planning

How to Apply for BANKSETA Discretionary Grant Bursaries 2025

Step 1: Check Your Eligibility

Before applying, make sure you meet the basic criteria:

South African citizen with a valid ID
Registered at an accredited institution
Studying a relevant qualification
Demonstrated financial need

Step 2: Prepare Your Documents

Typical application documents include:

Certified ID copy
Academic transcripts
Proof of registration or acceptance
Proof of income (yours or household)
Motivation letter

Step 3: Visit the Official BANKSETA Bursary Page

BANKSETA bursaries are administered through their partner institutions and training providers, so it’s important to check the official source for updates.

👉 BANKSETA Discretionary Grants Info Page

Here, you’ll find:

Open bursary opportunities
Application forms
Contact information for institutions

Step 4: Apply Through Your Institution

In most cases, applications are submitted directly through your university or college‘s financial aid office. BANKSETA works closely with public institutions to ensure transparent and fair allocation.

Some bursary applications may also be accepted through online portals such as:

👉 NSFAS for tuition-linked financial aid

👉 DHET Bursary Support

Be sure to confirm deadlines and specific instructions with your institution’s bursary office.

When Are Applications Open?

BANKSETA Discretionary Bursary windows are typically open between June and September, depending on the academic calendar. Early application is recommended.

Keep an eye on:

Your institution’s financial aid announcements
BANKSETA’s website and social media
Newsletters or emails from career offices

Why Choose BANKSETA?

✅ Focus on employability – BANKSETA-funded qualifications are industry-aligned.
✅ Strong industry links – Gain opportunities to access internships or learnerships post-study.
✅ Comprehensive support – Financial aid includes living allowances and academic support.
✅ Transformational impact – Prioritises funding for black, female, and disabled students.

Success Stories from Past Recipients

“I wouldn’t have completed my Financial Management diploma without BANKSETA’s support. Today I’m a compliance officer at a major bank.” – Luyanda M.

“The discretionary grant helped me bridge the gap after losing NSFAS in my final year. I now work in fintech thanks to the additional data analytics training.” – Thandeka R.

Final Tips Before You Apply For BANKSETA Discretionary Grant Bursaries 2025

✔ Double-check that your qualification is eligible
✔ Submit complete and accurate documentation
✔ Include a strong motivation letter
✔ Track your application with the financial aid office
✔ Consider combining your bursary with internships or learnerships

Conclusion: Take the First Step Toward a Career in Finance

The BANKSETA Discretionary Grant Bursaries 2025 offer more than just financial assistance – they are a gateway to long-term career success in the financial services industry. If you’re passionate about making a difference in banking, business, or tech, don’t miss this chance.

📝 Start preparing your application today!
Visit: https://www.bankseta.org.za

BANKSETA Discretionary Grant Bursaries 2025 – Apply Now!

What is the BANKSETA Discretionary Grant Bursary?