Sun. Jul 14th, 2024
BISP Streamlining Installment Receipts Latest Update

BISP Latest Update 2024

BISP Streamlining Installment: Assalam Alaikum, dear viewers! We bring you the most recent and crucial update regarding the Benazir Income Support Program (BISP). This information is particularly important for those seeking to collect their installments through ATMs.

End of HBL ATM Contract:

We regret to inform you that the contract between HBLATM and the Benazir Income Support Program has concluded. Consequently, beneficiaries will no longer receive installments through HBLATM channels. If you have changed your location or moved across provinces, and previously relied on HBLATM, alternative methods are now in place.

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New Bank Partnerships:

In today’s update, we are pleased to announce that the government has introduced new bank partnerships to facilitate the disbursement of BISP installments. The approved banks include National Bank, Sindh Bank, JS Bank, and Al Falah Bank. Your installments will be seamlessly processed through these banks.

Transition to Bank Accounts:

To enhance efficiency and ensure timely payments, the government is encouraging beneficiaries to open bank accounts with the mentioned banks. This transition aims to eliminate deductions and fees, allowing you to receive your installments without any hassle.

New Procedure for Installment Receipt:

  • Generate Bank Code: You will be required to generate a unique bank code to link your account with the Benazir Income Support Program.
  • Bank Account Transfer: The next installment will be directly transferred to your bank account through the provided bank code.

Introduction of BISP ATM:

In an innovative move, the government is considering the introduction of BISP ATMs affiliated with your respective banks. These ATMs will operate as a seamless interface, allowing you to collect your installments by simply providing your fingerprint.

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Urgent Action Required:

To avoid any disruptions in installment receipts, it is crucial to complete this transition before December 31. Ensure you have collected all due installments by this deadline to prevent any inconvenience.

Checking BISP Account Status:

If you wish to check the status of your BISP account, follow these steps:

  • Visit the official BISP website: https://bisp.gov.pk/.
  • Log in using your credentials or create an account if you don’t have one.
  • Check your account status, payments, and relevant information.

Contact BISP for Assistance:

If you encounter any issues or have specific questions, reach out to the Benazir Income Support Program directly. Contact information can be found on their official website. Please exercise caution and only provide personal information through verified channels to avoid scams and fraud.

Stay informed, and we wish you a smooth transition to the new installment collection process under the Benazir Income Support Program.

Eligibility Criteria

BISP has set certain criteria for beneficiary families and individuals who meet these criteria may be eligible for new BISP program payments. What are the criteria set by BISP Eligibility criteria are as follows which are detailed below.

  • This program includes people who do not have government jobs
  • And if you are employed somewhere, your monthly salary should not be more than 25 to 30 thousand
  • And you have not registered in any other program
  • And your PMT score should also be between 30 to 40 percent
  • And only women are given financial assistance in this program