The Benazir Income Support Program (BISP) continues to empower low-income families in Pakistan with increased financial aid. Starting January 2025, beneficiaries will receive an enhanced quarterly payment of Rs. 13,500. Below is an updated guide to ensure you can smoothly withdraw your funds, including the list of participating banks, withdrawal steps, and key benefits of the program.
Recent Updates on BISP Kafaalat Payments
The government has recently increased the BISP Kafaalat quarterly installment from Rs. 10,500 to Rs. 13,500, marking a Rs. 3,000 increment.
This boost reflects the government’s commitment to helping vulnerable households manage rising costs.
Key Updates:
- Previous Payment: Rs. 10,500 per quarter
- New Payment: Rs. 13,500 per quarter
- Expansion: Beneficiaries will increase from 9.3 million to 10 million households
The announcement was made by BISP Chairperson Rubina Khalid, emphasizing the initiative’s role in easing financial burdens for deserving families.
Read Also: BISP 8171 SMS Service (A Guide to Access Government Support)
List of Banks for BISP Kafaalat Withdrawals
BISP has expanded its banking network to make the withdrawal process convenient. Beneficiaries can now withdraw funds from the following six banks:
| Bank Name | Type |
|---|---|
| Bank Al-Falah | Commercial Bank |
| Bank of Punjab | Commercial Bank |
| Habib Bank Limited (HBL) | Commercial Bank |
| Mobilink Microfinance Bank | Microfinance Bank |
| Telenor Microfinance Bank | Microfinance Bank |
| HBL Microfinance Bank | Microfinance Bank |
This extended network ensures broader access, reduced waiting times, and a smoother withdrawal experience.
How to Withdraw BISP Kafaalat Payments
Withdrawing your BISP payment is straightforward. Follow these simple steps to access your funds:
- Locate an ATM: Visit the ATM of any of the six listed banks.
- Insert BISP Card: Insert your card into the ATM slot.
- Follow Instructions: Use the on-screen prompts to process the transaction.
- Collect Cash: Receive your cash and take the receipt for your records.
Ensure your registration details are accurate to avoid any issues during withdrawal.
Benefits of Expanded Banking Partnerships
The addition of more banks for BISP payments offers multiple advantages:
- Improved Accessibility: Six banks provide more options for beneficiaries across Pakistan.
- Reduced Wait Times: Fewer crowds at ATMs speed up the process.
- Convenient Transactions: Reliable banking infrastructure ensures secure and hassle-free withdrawals.
Conclusion
The enhanced BISP Kafaalat payment of Rs. 13,500 and the expansion of partner banks reaffirm the government’s dedication to supporting Pakistan’s low-income families. With six banks now participating, beneficiaries can enjoy greater convenience and faster access to funds.
Ensure your eligibility and use any of the listed banks to withdraw your payments efficiently. Stay updated with future announcements to maximize the benefits of this program, which continues to provide much-needed financial relief to millions across the country.
