BISP Introduced New Payment Mechanism Through Bank Accounts

BISP Introduced New Payment

BISP Introduced New Payment: Benazir Income Support Program has introduced new mechanism for receiving payments. Under which Benazir Income Support Program payments will now also be made through the bank. The Chairperson of Benazir Income Support Program has introduced a new method of receiving payment by giving the BISP beneficiaries the option to receive money through the bank. Initially, this method will be introduced as a pilot in some districts of Pakistan. Which will be extended to the entire country with time. The main reason for starting BISP payments through banks was that some women could not receive their payments due to lack of fingerprints. Thats why BISP introduced new payment Mechanism

Because of which they had to face a lot of problems. Therefore, a bank system was introduced to receive payments from the Benazir Income Support Program. is so that women can easily receive their payments without any hassle. In this article you will be told how you can receive your payments through the bank.You can receive the new payments of the Benazir Kafalat Program under the Benazir Income Support Program through the bank. Benazir Income Support Program has signed agreements with six banks. Under which these banks will now be eligible to issue Benazir Income Support Program.

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Aim To Introduce Payment Mechanism Through Bank

Provision of money through the bank is a welcome step by the Benazir Income Support Programme. The main purpose of introducing this system was that many women could not receive their money due to lack of thumb verification. Due to which they had to visit the payment center again and again. In this way, a lot of their time was wasted. Apart from this, many people did not provide full amount to women by committing fraud. Keeping all these things in mind, the bank system was introduced to provide payments. So that women can easily receive their money instead of standing in a long queue without any problem. The biggest advantage of getting money through this system will be that women will saved from all kinds of fraud. And they will avoid many problems by receiving Benazir Income Support Program payment through the bank.

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Benefits Of New BISP Payment Mechanism

BISP New Payment Mechanism has many advantages. Some of which are:

•  Beneficiaries will get money directly from banks under this program. This will improve the system of transparency and eliminate fraud.
• Benazir Income Support Program is trying hard to increase financial inclusion by using bank accounts for program payments.
•  This can be expected by disbursing money through the bank. That direct money transfer to the bank will play an important role in speeding up the payment process.
•  Digital money transfer generally reduces the risk of money being stolen or lost.
•  Through the new payment system, the Government of Pakistan is providing better tracking and monitoring capabilities. And it is ensuring that the aid money can reach only the entitled people.

 This was the main purpose of transferring the payment amount through the bank. That the beneficiaries should be able to take their money easily without any problem. The government of Pakistan is trying hard to ensure this. So that the aid can reach the most poor and deserving families of the society.

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List Of Banks Joining The Kafalat Payment Network

As you have told that under the Benazir Income Support Program, the payment mechanism has completely changed. Payment under this program will now made through the bank. Benazir Income Support Program has signed agreements with six major banks. Under which the beneficiaries will be able to withdraw their payments through the ATM of these banks from January 2025. Following are the names of banks issuing payments under BISP.

1. Habib Bank Limited
2.  Telenor Microfinance Bank
3.  Mobilink Microfinance Bank
4.  Bank of Punjab
5.  Bank Al Falah
6.  HBL Microfinance Bank

All those who have completed their registration process. Or already registered people can withdraw their January payment from the ATM of the banks mentioned above. In this way, their time will saved and they will be able to withdraw their money without any problem. In which there is no risk of any kind of fraud.

بے نظیر انکم سپورٹ پروگرام کے ذریعے ادائیگیاں جمع کرنے کے لیے ایک نیا طریقہ کار متعارف کرایا گیا ہے۔ جس کے ذریعے آپ اپنی ادائیگی بینک اکاؤنٹ کے ذریعے لے سکتے ہیں۔ ادائیگیاں وصول کرنے کے لیے آپ کو پہلے بینک اکاؤنٹ کھولنا ہوگا۔ لیکن اگر آپ کا ریڈی بینک اکاؤنٹ کھلا ہے تو آپ کو اسے دوبارہ کھولنے کی ضرورت نہیں ہے۔ بینظیر انکم سپورٹ پروگرام کی ادائیگیاں بینک اکاؤنٹ کے ذریعے وصول کرنا اس بات کو یقینی بناتا ہے۔ کہ ادائیگی کا عمل انتہائی موثر اور شفاف ہو۔ اپنے پروگرام میں اپنی رجسٹریشن، بائیو میٹرک تصدیق مکمل کرنے کے لیے اس مضمون میں دیے گئے مراحل پر عمل کریں۔

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Procedure For withdrawing Money Through Bank

To receive money through the bank, you must registered in the program. To register in the program or to get money, first contact the BISP helpline. Or visit Benazir Income Support Program Tehsil Office. And check there whether you are eligible for the program or not. Has your money arrived or not?

•  If you have not registered in the program, complete the registration process first.
• Go to the Benazir Income Support Program office with all your necessary documents for registration. And complete the registration process there.
• After registering, visit the Benazir Income Support Program verification centers to verify your identity. And complete your identity verification there.
•  After completing the verification process, open your account in Benazir Income Support Program partner banks.
•  If you already have an account, you don’t need to open an account at all.
•  After that, go to the Benazir Income Support Program office and provide all your account details to the BISP representative. So that this bank account can linked with your registration profile.
•  After linking, your Benazir Income Support Program payments will directly transferred to your bank account.
•  Choose ATM Bank ATM Bank Branches or Mobile Banking to withdraw payments.
•  If you are facing any problem in receiving payment, you can also contact the helpline of BISP 8171.

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Conclusion

A new mechanism has introduced to collect payments through the Benazir Income Support Program. Through which you can take your payments through a bank account. To receive payments you must first open a bank account. But if your Ready Bank account is open then you don’t need to open it again. Receiving Benazir Income Support Program payments through a bank account ensures this. That the payment process is most efficient and transparent. Follow the steps given in this article to complete your registration, biometric verification in your program. All information regarding opening a bank account and linking the bank with BISP has been provided.

The process of getting money through a bank account is very simple. It is easy to remember that it is very important to stay in touch through the Benazir Income Support Program helpline and visit any of your nearest Benazir Income Support Program offices. Because without it you cannot link your bank account with BISP. If you are facing any problem. So you can go to the BISP helpline or tehsil office to get help and solve your problem.

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