BISP Launches New Payment
BISP Launches New Payment: Benazir Income Support Program has issued a new payment method under which Benazir Income Support Program payments will now be made through banks. The Chairperson of Benazir Income Support Program has also launched a new payment method to enable ISP beneficiaries to receive money through banks. Initially, it was introduced as a pilot in some parts of Pakistan, which will be expanded to the entire country over time. The main reason for starting BISP payments through banks was that some women could not receive their payments due to lack of thumb prints.
Therefore, BISP has issued a payment method through bank accounts, due to which they had to face a lot of difficulties. Therefore, a bank system has been started to receive what is left of Benazir Income Support Program so that women can receive their payments easily without any hassle. In this article, you will be told how to receive your payments through banks. Can we receive the new payment of the Benazir Kafalat Program under the Benazir Income Support through our bank? Benazir Income sport Program has signed agreements with six banks, under which these banks have now been declared eligible to issue Benazir Income Support Program.
Purpose of initiating payments through the bank
The provision of money through the bank by the Benazir Income Support Program is an important step. The purpose of starting this system is that many women cannot get their money due to non-verification of their thumbs. Due to which they have to go to the payment center again and again. Similarly, they waste a lot of time. In addition, many people have not given the full amount to women by committing fraud. Keeping all these things in mind, a bank system has been started for the provision of payments. So that women can easily get their money instead of standing in long queues without any hassle. The biggest advantage of getting money through this system will be that women can avoid all kinds of fraud, and they will not face many problems by getting the Benazir Income Support Program payment through the bank.
Benefits of BISP New Payment
The new payment process of BISP has many advantages. Some of which are as follows. Under this program, the beneficiaries will be given money directly from banks. This will improve the recovery system. And fraud will be eliminated. A strong effort is being make to increase financial inclusion by using bank accounts for Benazir Income Support Program payments. This can be expect by distributing money through banks. Direct transfer of money to the bank is playing a major role in speeding up the payment process.
Digital money transfer is generally reducing the risk of money being stolen or lost. Through the new payment system, the Government of Pakistan is releasing the best tracking and monitoring capabilities. And ensuring that the aid money should only reach the poor people. This is the main objective of bank-based payment transfer. Applicants can easily withdraw their money without any hassle. The Government of Pakistan is making every effort to ensure that this aid is distribute to the poorest and most vulnerable people in the society.
List of banks involved in sponsorship payments
As you know, the payment process under the Benazir Income Support Program has been completely changed. Payment under this program will now be made through banks. The Benazir Income Support Program has entered into agreements with six major banks. Under which applicants can receive their payments through the ATMs of these banks from January 2025. The names of the banks issuing payments under BISP are as follows.
- Habib Bank Limited.
- Telenor Macro Finance Bank.
- Mobilink Macro Bank.
- Bank of Punjab.
- Bank Alfalah.
- HBL Macro Finance Bank.
All those people who have completed their registration process. Or are already register. Then they can receive January payments from the ATMs of the banks. Similarly, their time will not be waste. And they will be able to take their money without any hassle. In which there will be no risk of any kind of fraud.
Bank withdrawal process
To receive money through the bank, you must register in the program. To register in the program or receive money, you must first contact the BISP helpline. Or go to the Benazir Income Support Program Tehsil Office. And check there whether you are eligible for this program or not.
- If you have not registered, then you must first complete the registration process.
- For registration, go to the Benazir Income Support Program office with all your necessary documents.
- And complete the registration there. After registration, go to the Benazir Income Support Program Verification Center to verify your identity.
- And verify your identity there. If you already have an account.
- Then you will not need to open an account at all. After that, go to the Benazir Income Support Program office.
- And release all your accounts to the BISP representative. So that it can link the bank account with your registration.
- After linking, your Benazir Income Support Program payment will be transfer directly to your bank account.
- To withdraw payments, you can choose ATMs, bank branches or mobile banking.
- If you face any problem in receiving the payment, you can also contact the BISP helpline on 8171.
Conclusion
A new process has been release to collect payments through Benazir Income Support Program. Through which you can receive your payment through a bank account. To receive the payment, you will first have to open a bank account. But if you already have a bank account open. Then you do not need to open it again. Receive Benazir Income Support Program payments through a bank account. Make sure that the payment process is very efficient and easy. Follow the steps given in this article to complete your registration biometric verification in your program.
All the information regarding opening a bank account and also linking the bank to the BISP has been release . The process of receiving money through a bank account is very easy. Remember that you should stay in touch through the Benazir Income Support Program helpline and visit any of your nearest Benazir Income Support Program offices. Because without this, you cannot link your bank account to BISP. If you are facing any problem. Therefore, you should also go to the ISP helpline or Tehsil Office and get help. And you can solve your problem.