BISP Joins Hands with State Bank for New 13,500 Kafalat Payment [8171 News]

Here is the latest update from the Benazir Income Support Program for all the eligible and registered people of the BISP Program as the program official has joined hands with the State Bank of Pakistan for the transfer of new Kafalat Payment in the account of Beneficiares to increase transparency and reduce the complaints about payment deduction from the Beneficiares Cash.

This procedure will be soon implemented all over the Pakistan for eligible women to withdraw their payment from any associated Bank ATM after the Biometric Verification.

BISP Partners With State Bank Of Pakistan For Kafalat 13,500 Payment

According to the latest detail from the Benazir 8171 official portal, it has been reported that the BISP has signed an agreement with the SBP Branch for the cash transfer into BISP Beneficiares accounts so that the eligible women can easily receive their money from any nearest ATM Branch located in their region which will reduce their traveling cost and also the risk of payment deduction.

بے نظیر آفیشل پورٹل سے تازہ ترین تفصیلات کے مطابق، یہ اطلاع دی گئی ہے کہ بی آئی ایس پی نے بی آئی ایس پی بینیفیشیئرز اکاؤنٹس میں نقد رقم کی منتقلی کے لیے اسٹیٹ بینک برانچ کے ساتھ ایک معاہدے پر دستخط کیے ہیں تاکہ اہل خواتین آسانی سے اپنی رقم کسی بھی قریبی اے ٹی ایم برانچ سے حاصل کر سکیں۔ ان کے علاقے میں جس سے ان کی سفری لاگت کم ہو جائے گی اور ادائیگی میں کٹوتی کا خطرہ بھی۔

Agreement Signed Between BISP & SBP

The specifics of this responsibility were discussed in a meeting on Friday between Senator Rubina Khalid, the chair of the Benazir Income Support Programme (BISP), and Governor Jameel Ahmed of the State Bank of Pakistan.

The Benazir Income Support Program (BISP) and the State Bank of Pakistan have collaborated to develop a more efficient method for providing program applicants with quarterly Payments of Rs 13,500.

BISP Disbursements via an Innovative Banking System

Rubina Khalid, the chairperson of Benazir, stated that the beneficiaries would have access to a new financial system. Instead of working with a single bank, they will now have agreements with six, guaranteeing that every beneficiary will receive their monthly installments on schedule and without any deductions.

According to Rubina Khalid, the BISP has put in place a new financial framework that allows it to support deserving women financially by pooling the resources of up to six different institutions.

List Of Banks For The Withdrawl Of Rs 10,500 Kafalat Amount

Fifteen clusters and six banks provide services to BISP beneficiaries. Registered BISP recipients can withdraw the payment of Rs. 10,500 every quarter from ATMs run countrywide by:

Bank Al Falah,
Bank of Punjab,
Mobilink Microfinance,
Telenor Microfinance Bank,
Habib Bank Limited,
and HBL Microfinance nationwide.

The recipients can withdraw their quarterly installment from any ATM operated by one of the authorized banks in Pakistan.

Check Your Latest Kafalat 10,500 Update Via CNIC Card

Here are the simple guidelines to check your ID Cards update Online From the BISP Official page:

To visit the BISP website, go to https://bisp.gov.pk.
Click the “Check Eligibility” option.
Once your CNIC number has been entered, click “Submit“.
Your PMT score will appear on the following page.

Conclusion

In conclusion, the partnership between BISP and the State Bank of Pakistan marks a significant step towards improving transparency and efficiency in the Kafalat payment process. By allowing beneficiaries to withdraw their quarterly payments of Rs 13,500 through multiple banks, this initiative will help reduce payment deductions and make it more convenient for eligible women to access their funds.