BISP Partners with 6 Banks to Expand Payment System for Eligible People

Introduction to BISP’s New Banking Partnerships

The Government of Pakistan has partnered with six banks to enhance payment facilities for BISP beneficiaries. Previously, BISP provided various methods for beneficiaries to withdraw their money, ensuring a transparent and easy process. Now, with the new partnerships, BISP aims to provide quicker and more accessible financial assistance, especially to women, without any deductions.

The banks responsible for disbursing BISP payments include Bank Al Falah, Bank of Punjab, Mobilink Microfinance, HBL Limited, Telenor Microfinance Bank, and HBL Microfinance Bank. This initiative aims to simplify the process of receiving funds, ensuring that beneficiaries can access their money more easily.

Benefits of the New Payment System

Eligible beneficiaries can now access their BISP funds from any nearby bank, eliminating the need to travel long distances. This new system also spares them the hassle of standing in long lines, allowing them to receive their financial support without any deductions. The Benazir Income Support Program (BISP) provides cash assistance to poor and deserving families.

To further expand the program, Chairperson Rubina Khalid has announced the enrollment of 7 million new beneficiaries. In addition, to ensure the transparent distribution of funds, six new banks will partner with BISP starting with the next installments. This article provides complete details on how you can easily receive financial aid from the comfort of your home.

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Updated List of Banks Partnered with BISP

The Benazir Income Support Programme (BISP) has partnered with the following six banks to manage the distribution of payments:

• Bank Al Falah
• Bank of Punjab
• Mobilink Microfinance Bank
• Telenor Microfinance Bank
• Habib Bank Limited (HBL)
• HBL Microfinance Bank

Why BISP Payments Will Now Be Made Through Banks

The government has decided to distribute BISP funds through banks to ensure transparency and address the concerns of deserving women. By using banks for these payments, women will receive their financial assistance in full, without any deductions. This change aims to make it easier for women to receive their money and reduce the risk of fraud.

The main reason for using banks is to provide a simpler and more efficient way for people to access their funds. In the past, women often faced difficulties, including standing in long queues, only to be turned away due to overcrowding. With the new system, the government hopes to make the distribution process smoother and more accessible for all eligible women.

How to Collect Money Using BISP Devices

Eligible women can also receive their BISP assistance through dedicated devices. This method is straightforward and widely recognized, especially in rural areas. If you are unfamiliar with the process, it’s quite simple. Just visit any BISP retailer near you and ensure you have your valid National Identity Card (NIC) with you.

At the retailer, you will hand over your NIC to the representative, who will enter your NIC number into the device. Once your fingerprints are successfully verified, your money will be handed to you. If your fingerprints do not match, you will not be able to receive the payment and will need to visit a NADRA office for help.

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Frequently Asked Questions