The Benazir Income Support Program (BISP) has introduced a new payment method for beneficiaries, allowing them to receive payments through banks. The new payment mechanism was introduced as a pilot in some districts of Pakistan, with the aim of addressing issues faced by women who couldn’t receive payments due to lack of fingerprints. The BISP has signed agreements with six banks, allowing them to issue Benazir Kafalat Program payments through the bank.
This new payment mechanism aims to provide women with easy access to payments without any hassle. The new payment system will initially be introduced as a pilot in some districts of Pakistan before being extended throughout the country.
| Feature | Details |
|---|---|
| Payment Method | Direct bank transfer to beneficiary accounts |
| Partner Banks | HBL, Bank Alfalah, BOP, Mobilink, Telenor, HBL Microfinance |
| Start Date | January 2025 |
| Benefits | Reduces fraud, saves time, ensures transparency |
| How to Register | Visit BISP Tehsil Office, verify CNIC, link or open bank account |
Aim to Implement Bank-Based Payment Methods
The Benazir Income Support Programme has introduced a bank system to provide women with their money, addressing the issue of lack of thumb verification and fraud. This system allows women to receive their money without waiting in long queues or visiting payment centers. The main advantage of this system is that it saves women from fraud and ensures they receive their Benazir Income Support Program payment through the bank, reducing the time and effort spent on fraudulent activities. This new payment method is a welcome step towards a more efficient and secure financial system for women.
The New BISP Payment Mechanism’s Advantages
BISP New Payment Mechanism Advantages
• Improves transparency and eliminates fraud by transferring money directly to beneficiaries.
• Aims to increase financial inclusion by using bank accounts for program payments.
• Speeds up the payment process by facilitating direct money transfer to the bank.
• Digital money transfer reduces the risk of money theft or loss.
• Provides better tracking and monitoring capabilities to ensure aid money reaches only entitled people.
• Aims to ensure easy access to aid for the most deserving families.
Banks Adding Their Names To The Kafalat Payment Network
Benazir Income Support Program Payment Changes
• Payments now made through banks.
• Six major banks have signed agreements with the program.
• Beneficiaries can withdraw payments from these banks starting January 2025.
• Banks include Habib Bank Limited, Telenor Microfinance Bank, Mobilink Microfinance Bank, Bank of Punjab, Bank Al Falah, and HBL Microfinance Bank. You can read more
• Registration and existing users can withdraw their January payments from these banks.
• No fraud risk and time savings.
How to Take Out Money Through a Bank
Benazir Income Support Program Registration and Transfer
• Registering in the program is required for receiving money.
• Contact the BISP helpline or visit the Benazir Income Support Program Tehsil Office.
• Complete the registration process at the Benazir Income Support Program office.
• Verify your identity at the Benazir Income Support Program verification centers.
• Open an account in Benazir Income Support Program partner banks.
• Provide account details to the BISP representative at the Benazir Income Support Program office.
• Payments are directly transferred to your bank account.
• Wallets can be withdrawn through ATM Bank branches or Mobile Banking.
• For payment issues, contact the BISP 8171 helpline.
Conclusion
The Benazir Income Support Program has introduced a new mechanism for collecting payments through a bank account. To receive payments, one must first open a bank account, but if the Ready Bank account is open, it doesn’t need to be opened again. This ensures an efficient and transparent payment process. To complete registration and biometric verification, follow the steps provided in the article. Information on opening a bank account and linking the bank with BISP is provided. The process of getting money through a bank account is simple, but it’s crucial to stay in touch with the Benazir Income Support Program helpline and nearby offices to link your bank account with BISP.
FAQs
Which brand-new BISP payment mechanism was unveiled in 2025?
Instead of using traditional cash stations, the new system enables recipients to get their Benazir Kafalat payments directly through bank accounts.
Which banks are part of the network for BISP bank payments?
Habib Bank Limited, Bank of Punjab, Bank Alfalah, Mobilink Microfinance Bank, Telenor Microfinance Bank, and HBL Microfinance Bank are the six banks.
How can I sign up for bank payments through BISP?
After your identification has been verified, visit the BISP Tehsil Office that is closest to you, complete the registration process, and then enter your bank account information.
Does making BISP payments require me to create a new bank account?
You can link your existing partner bank account with your BISP profile instead of opening a new one.
How will the bank transfer the money to me?
The money will be deposited straight into your bank account when you register. It may be withdrawn using mobile banking, an ATM, or a bank office.