BISP Officially Announced 6 Banks For Payment
Benazir Income Support Program is an important step announced by BISP. BISP has officially tied up with 6 different banks across Pakistan to receive money. Now you will be able to get your money easily through your bank.
Women used to face a lot of difficulties while getting money, they were not paid in full and the money was deducted. The money should be given to them in full with transparency.
Therefore, the government has contacted six bank partners in Pakistan. Now you can easily go to the bank and get money at any time.
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Details of the Announcement
BISP recently issued an official statement revealing that six banks have been selected to distribute the next quarterly payments. These banks are listed below.
- Habib Bank Limited (HBL)
- Bank Alfalah
- Bank of Punjab
- Mobilink Microfinance Bank
- Habib Microfinance Bank
- Telenor Microfinance Bank
The aim of including multiple banks is to make the payment process faster and more transparent. This makes it more accessible for the beneficiaries in different regions of the country.
Money will be given through different banks in each district. We will tell you in which districts money will be given through which bank.
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Role of Each Bank in the Payment Process
Each of the six banks will play an important role in disbursing payments to BISP beneficiaries. Beneficiaries will need to follow specific procedures to collect their payment at their designated bank.
Habib Bank and Bank Al Falah can facilitate access to people’s money through their extensive network of branches.. While MobileBank MicroFrance and Telenor Microfinance can facilitate payments through their mobile banking platforms Aspirants have to find their nominated bank to receive the payment.
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Procedure for Beneficiaries to Receive Payments
Now let us tell you how the beneficiaries can receive their payments through these six banks.
- Beneficiaries should search their district name in the given list to check which bank has been allotted to them for payment from July to September.
- They will get their money through the bank allotted in their district
- Once you know your nominated bank, you have to check whether your installment has been released or not.
- First of all you have to check your amount for that you can use 8171 SMS code and also use 8171 web portal.
- After checking the amount, you have to take your ID card and go to the nearest bank ATM
- There you will be given money if you don’t withdraw money then no need to worry there will be representatives there to guide you.
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Statements from BISP and Bank Representatives
BISP officials have entered into an agreement with these six banks to make payments transparent and faster so that women can access their money easily. They emphasized that efforts are underway to improve the efficiency and effectiveness of the BISP program with the cooperation of various banks.
BISP representatives are working round the clock to digitize the money. Their mission is to transfer money to women directly to their legitimate cash account or bank account so that there is no deduction or fraud in the money.
Representatives of several banks also welcome the opportunity to participate in this important national initiative and have assured that the beneficiaries will be disbursed their money easily and fully.
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Conclusion
The introduction of six banks to distribute the next quarter’s payments is a major step by the BISP. By involving multiple banks, BISP aims to make the payments process more efficient, convenient and accessible to all beneficiaries.
It is very important for beneficiaries to be aware of their issuing bank and check their funds. Get your NESR survey done on time so that you can get your payment without any delay as soon as July and September payments start coming.
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