Bank Timing Update for BISP Payment Disbursement Update 2023

Bank Timing Update for BISP Payment Disbursement

Updated Bank Schedule for BISP Fund Distribution: Previously, you had the convenience of accessing funds around the clock via ATMs. However, when visiting a bank, you were restricted to withdrawing money between 9 am and 2 pm. It is important to note that there have been changes to the bank’s operating hours.

Presently, you have the option to withdraw funds from your respective banks between 9 am and 5 pm. Additionally, you can avail yourself of 24-hour ATM services to withdraw the funds. Furthermore, an alternative option is available for cash withdrawal at your nearest cash center.

Also read:احساس پروگرام آن لائن رجسٹریشن نیو اپڈیٹ 2023

Please be aware that the disbursement of this amount requires biometric verification. You will need to place your thumb on the scanner to initiate the transaction. Therefore, it is crucial to take proper care of your fingers to ensure smooth processing.

Update on BISP Registration:

With the revised methodology, the program’s budget has been augmented due to the prevailing inflationary trend. Shazia Murri, the Federal Minister for Benazir Income Support Program, expressed concern during a recent meeting regarding the excessive impact of inflation on the livelihoods of seven thousand individuals.

Consequently, the program’s assistance amount has been increased. Previously, beneficiaries received twenty-five thousand rupees, but now they will receive nine thousand rupees through this program. If you are currently enrolled in the program, this revised amount will apply to you. If you haven’t registered or are deemed ineligible, you can initiate the registration process by clicking on the link provided below

Also Read: Ehsaas Kafalat Program Online Registration – احساس کفالت 2023

BISP New Registration and Payment Update:

With the revised registration process, there have been changes in the payment procedures as well. We will guide you on how to conveniently access the benefits of this program and receive your funds through the BISP program.

Previously, cash disbursements were made through JazzCash shops or the HBL team, resulting in long queues and difficulties, especially for women. To address these issues, officials have introduced new steps and updates to ensure a smoother payment process.

The operating hours of the Benazir Income Support Program offices have been modified, and the offices are expected to be open soon. This decision was made because many women faced challenges in collecting their payments despite waiting all day.

Currently, there are five tested payment distribution mechanisms under the Ehsaas Kafalat Program:

1. Pakistan Post Money Order
2. Smart Card Payment System
3. Mobile Banking System
4. Debit Card System
5. Biometric Authentication System

These options offer various ways for beneficiaries to receive their funds securely and conveniently.

Conclusion

Being aware of the bank timing updates for BISP payment disbursement in 2023 is essential for beneficiaries to manage their time effectively and collect their payments without any hassles. The extended banking hours on weekdays and the introduction of weekend banking provide greater convenience and accessibility to beneficiaries. By staying updated through official communication channels, beneficiaries can stay informed about any changes due to public holidays. Remember, timely collection of BISP payments ensures financial stability and contributes to the overall well-being of the beneficiaries and their families.

BISP Contact Information