Introduction BISP’s New Banking Partnerships
Congratulations! The Government of Pakistan has partnered with 6 banks to provide better payments facilities to BISP beneficiaries. As you know that earlier BISP has offered various means of withdrawing money to its beneficiaries. And people can receive money from sources in a transparent and easy way. BISP partners with six banks to provide people with quick and easy access to their money. So that women can get financial assistance amount without any deduction.
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 time, the government’s aim is to partner with several banks to make it easier for people to get money.
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Benefits of the New Payment System
Now eligible people can get their BISP money from any bank near them. They don’t have to travel far to get their money. They can avoid the hassle of standing in lines for hours. And can get financial support amount without any deduction. The Benazir Income Support Program is a financial assistance program that provides cash assistance to poor and deserving families.
To expand this programme, Chairperson Rubina Khalid has announced the enrollment of 7 million new beneficiaries. And to ensure transparent distribution of money in this program, six new banks have announced partnership with BISP from the next installments as well. Read this article carefully. And get complete details on how you can easily get financial aid money at home.
List of the 6 Banks that Attached With BISP
Here is the latest list of banks that have been contracted with Benazir income support programme to handle payment distributions includes:
- Bank Al Falah,
- Bank of Punjab,
- Mobilink Microfinance,
- Telenor Microfinance Bank,
- Habib Bank Limited (HBL),
- and HBL Microfinance.
Reasons BISP Payments Will Be Given Through New Banks
The government has decided to distribute BISP funds in a transparent manner keeping in mind the concerns of deserving women. Now women will be given installments of financial assistance through banks. So that all women can get maternity assistance without any deduction. In this way, women will be able to receive their money easily and are more likely to avoid fraud.
The purpose of lending money through banks is to provide an easy way to people who face problems while getting money. Often women stand in long queues to receive money but still cannot due to the rush. For this reason, the government has announced the distribution of PISP through aid banks.
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How to Get Receiving Money From BISP Devices
Eligible women can also receive their assistance through BISP devices. This method is simple, and most people are familiar with it. Women in rural areas often collect their money in this way. People who are not aware are told that it is easy to withdraw money through the device. Just visit any BISP retailer store near you. Make sure you have your valid National Identity Card with you.
You will give your National Identity Card to the representative, who will enter your Identity Card number into the device. After your fingerprints are verified, your money will be given to you. If your fingerprints are not verified, you will not be able to receive the money. In this case, you will have to visit the NADRA office for assistance.
Frequently Asked Questions:
Which banks partner with BISP for payments?
Bank Al Falah, Bank of Punjab, Mobilink Microfinance, Telenor Microfinance Bank, Habib Bank Limited (HBL), and HBL Microfinance.
How can users receive their payments?
Beneficiaries can visit any nearest BISP retailer or one of the six partner banks to collect their funds after a valid National Identity Card and fingerprint verification.
What if fingerprints are not verified during the payment process?
If your fingerprints are not verified, you will have to visit the NADRA office for assistance.
Why did BISP partner with six banks?
The partnership was made to ensure more transparent and efficient distribution of funds, avoid cuts and reduce the burden on women in rural areas.
How will women benefit from this new payment system?
The system allows women to avoid long queues and travel to remote locations by receiving payments from nearby banks, making the process easier and faster.