The Benazir Income Support Programme (BISP) has been a crucial initiative for providing financial assistance to low-income families across Pakistan. Recently, an increase in the quarterly Kafalat installment amount was announced, benefiting millions of households. This article will guide you on the list of banks where beneficiaries can withdraw their BISP Kafaalat payments and provide essential information about recent updates.
Recent Update on BISP Kafaalat Payment
During a recent visit to the Benazir Nashonuma Center at the Sindh Government Hospital in Karachi, BISP Chairperson Rubina Khalid announced an increase in the Kafalat quarterly installment amount. Here are the key details:
- Current Installment Amount: Rs 10,500 per quarter.
- New Installment Amount: Rs 13,500 per quarter.
- Increase: An additional Rs 3,000 will be added to the existing payment.
Expansion of Beneficiaries
Currently, around 9.3 million households are enrolled in the BISP program, and the number is expected to reach 10 million by the next year. The initiative aims to provide support to those in need by increasing the amount of financial assistance.
List of Banks for BISP Kafaalat Installments
To make the withdrawal process smoother, BISP has partnered with multiple banks. Initially, the program relied on two banks, but agreements have been signed with six more banks to expand the service. This allows beneficiaries to withdraw their quarterly payments more conveniently.
Here is a list of banks where BISP beneficiaries can withdraw their Rs. 13,500 Kafaalat payment:
| Bank Name | Type |
|---|---|
| Bank Al Falah | Commercial Bank |
| Bank of Punjab | Commercial Bank |
| Mobilink Microfinance Bank | Microfinance Bank |
| Telenor Microfinance Bank | Microfinance Bank |
| Habib Bank Limited (HBL) | Commercial Bank |
| HBL Microfinance | Microfinance Bank |
How to Withdraw BISP Kafaalat Payment?
Beneficiaries can withdraw their payments from ATMs of any of the banks listed above. Here are the steps:
- Locate an ATM: Find an ATM of any of the listed banks that is nearest to you.
- Use Your BISP Card: Insert your BISP card into the ATM.
- Follow Instructions: Follow the on-screen instructions to withdraw your payment.
- Collect Cash: Once the transaction is complete, collect your cash and the receipt.
Conclusion
The increase in BISP Kafaalat payments to Rs. 13,500 per quarter reflects the government’s commitment to providing more substantial support to low-income families. With the expansion of bank partnerships, beneficiaries now have greater flexibility in accessing their funds. Make sure to use the listed banks’ ATMs for a smooth withdrawal process, and stay informed about any further updates.