Last Updated on: 6th October 2024, 03:32 pm
Benazir Income Support Program (BISP) has brought an important update to all registered beneficiaries. BISP has partnered with the State Bank of Pakistan (SBP) to transfer new Kafaalat payments directly to beneficiaries’ accounts. The objective of this initiative is to increase transparency and reduce complaints about payment deductions.
Soon, eligible women across Pakistan will be able to withdraw their payments from any partner bank ATM after completing biometric verification.
BISP and State Bank Collaborated for the New 13500 Kafalat Payment
The latest update from the Benazir 8171 portal indicates that BISP has partnered with SBP to ensure direct transfer of payments to beneficiaries’ accounts. This means that eligible women will be able to withdraw their money from any nearby ATM, saving travel expenses and reducing the risks associated with payment deductions.
BISP and the State Bank of Pakistan Sign an Agreement
Senator Rubina Khalid, the Chairperson of BISP, and Jameel Ahmed, the Governor of SBP, finalized the details of this collaboration in a meeting on Friday. The two organisations are introducing a new system to make quarterly installments of Rs 13,500 more efficient for the beneficiaries.
New Payment System for BISP Beneficiaries
Rubina Khalid announced that the new banking system includes agreements with various banks that will allow the beneficiaries to receive payments without deductions and on time. The updated financial framework pools resources from six different institutions to support needy women.
Banks Where You Can Withdraw the Rs 10,500 Kafalat Amount
Fifteen clusters and six banks are available to help BISP beneficiaries withdraw their Rs 10,500 payments quarterly. The list of banks includes:
- Bank Al Falah
- Bank of Punjab
- Mobilink Microfinance
- Telenor Microfinance Bank
- Habib Bank Limited
- HBL Microfinance
Registered beneficiaries can use any of these authorized banks’ ATMs across Pakistan.
Method to Check Your Kafalat 10,500 Update Via CNIC
To check your 10500 Benazir Kafalat status online, follow these four important steps:
- Visit the BISP website at https://bisp.gov.pk.
- Click on the ‘Check Eligibility’ option.
- Enter your National Identity number and click ‘Submit’.
- Your PMT score will be displayed on the next page.
Last Words
The partnership between BISP and SBP is a major step forward in making the Kafaalat payment process more efficient and transparent. By allowing withdrawals across multiple banks, the objective is to reduce payment deduction issues and provide more convenient access to funds to eligible women across the country.