Eligible Banks for BISP Kafalat Rs 10500 Installment: Where to Withdraw

All eligible people in Pakistan receive a monthly payment of Rs 10,500 through the Benazir Income Support Program, the biggest cash transfer program in Pakistan. However, this payment will be increased by Rs 3000 in 2024, so it is not the same every month. Previously, people received the monthly amount at campsites or retail shops. Still, with the new BISP Payment System, people will now receive their Kafalat Payment at ATMs from six additional banks.

Find out which banks are eligible to withdraw 10,500 and what the latest BISP registration method is to complete your NSER survey here.

Benazir Kafalat New Payments Through Banks

By providing financial assistance in the form of Kafalat Monthly payments to poor families, the BISP Program is facilitating the education of children. This is done by providing eligible women with skill training to become the breadwinners of their families.

Beginning in January 2025, the government will give each eligible family Rs12,500 in aid every three months instead of Rs10,500.

A total of 9.3 million families nationwide have already benefited from the initiative, and by the following year, the government hopes to reach 10 million. The Punjab government has increased the number of banks that accept BISP Kafaalat installment withdrawals in order to streamline operations.

غریب خاندانوں کو کفالت ماہانہ ادائیگیوں کی شکل میں مالی امداد فراہم کر کے، بی آئی ایس پی پروگرام بچوں کی تعلیم میں سہولت فراہم کر رہا ہے۔ یہ اہل خواتین کو ہنر مندی کی تربیت فراہم کر کے کیا جاتا ہے تاکہ وہ اپنے خاندانوں کی روٹی کمانے والی بن سکیں۔ جنوری 2025 سے، حکومت ہر اہل خاندان کو 10,500 روپے کی بجائے ہر تین ماہ بعد 12,500 روپے امداد دے گی۔

ملک بھر میں کل 9.3 ملین خاندان پہلے ہی اس اقدام سے مستفید ہو چکے ہیں، اور اگلے سال تک، حکومت کو امید ہے کہ یہ تعداد 10 ملین تک پہنچ جائے گی۔ پنجاب حکومت نے آپریشنز کو ہموار کرنے کے لیے بی آئی ایس پی کفالت کی قسط کی واپسی قبول کرنے والے بینکوں کی تعداد میں اضافہ کر دیا ہے۔

List Of Eligible Banks For Cash Withdrawal

Families eligible for financial assistance can now withdraw Rs 10,500 from the following banks:

Bank Al Falah
Bank of Punjab
Mobilink Microfinance/Jazzcash
Telenor Microfinance Bank
Habib Bank Limited
HBL Microfinance

In 2025, BISP will introduce a new banking system

Residents used to have to wait in line at Habib Bank Limited (HBL) for financial aid. Now eligible households can withdraw Rs10,500 from a variety of banks, eliminating long wait periods. Instead of just one bank, they now have contracts with six banks, ensuring all recipients receive their monthly installments on time and without deductions.

In order to provide financial support to worthy women, Rubina Khalid claims that the BISP has implemented a new financial structure that uses the resources of six different institutions.

What Is The Process For Completing The BISP Registration Through The NSER Survey?

To register for the BISP Program, applicants must follow the given steps accurately.

The NSER survey must be completed at the BISP tehsil office.
Provide your CNIC number and household and family information to NSER.
Avoid any delays by reviewing the form once.
As part of the eligibility process, they will collect your thumbprint seven days after you submit the form.
Wait for the verification text after processing.
Your district’s BISP EHSAAS center will issue the payment.

In conclusion

Benazir Income Support Program (BISP) continues to provide vital financial aid to deserving families throughout Pakistan. As a result of new banks offering Kafalat installment withdrawals and an upgraded banking system, beneficiaries can now receive their payments more conveniently. In addition to expanding and increasing financial support, the program also promotes skill development and education for children, aimed at lifting families out of poverty.

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