Check the details about Eligible Banks For BISP Kafalat Rs 10500 Installment from here. Every month the Benazir Income Support Program (BISP) in Pakistan gives financial aid to eligible individuals. This program offers Rs 10,500 as the monthly support for many struggling families across the country. However, starting in 2024 the government plans to increase this amount by Rs 3,000. Before people had to go to certain campsites or retail shops to get this money. Now with the new BISP payment system payments are available at ATMs through six additional banks making it easier for people to access their funds.
Eligible Banks For BISP Kafalat Rs 10500 Installment
This new system has made it possible for beneficiaries to withdraw their BISP Kafalat installment at different banks. The government has selected several banks to allow withdrawal of the Rs 10,500 installment. Here you will learn about which banks are approved for withdrawals and also understand the latest BISP registration method. These steps help complete the NSER survey needed for registration to receive aid.
New BISP Payment System for Financial Aid
The BISP Program focuses on helping low-income families through the Kafalat Monthly Payment initiative. This program assists families not only with financial aid but also by promoting education for children. BISP also provides skill training to eligible women so they can contribute to family income and improve their situations. Starting in January 2025 each eligible family will receive Rs 12,500 every three months rather than Rs 10,500. This initiative aims to support even more families with an expected 10 million households benefiting by next year. The Punjab government has increased the number of banks where beneficiaries can withdraw the BISP Kafalat installments. This change is intended to simplify and improve service operations across the region.
Approved Banks for BISP Cash Withdrawals
Eligible families can now easily withdraw Rs 10,500 from specific banks. The banks providing this service are listed below:
- Bank Al Falah
- Bank of Punjab
- Mobilink Microfinance/Jazzcash
- Telenor Microfinance Bank
- Habib Bank Limited
- HBL Microfinance
These banks provide access to BISP payments making it more convenient for families to withdraw their monthly support. People no longer have to rely solely on a single bank which reduces long lines and waiting times.
Upcoming Banking System in 2025
In the past beneficiaries had to wait in long lines at Habib Bank Limited (HBL) branches to get their aid. But now people have several bank options where they can withdraw their Rs 10,500 installment without delay. By partnering with six banks BISP aims to make sure all beneficiaries get their monthly aid on time without any deductions. According to Rubina Khalid the new banking system was introduced to offer financial help more effectively using the resources of these six banks. This upgrade is a part of BISP’s continued efforts to reach more deserving women and families across Pakistan.
Also Read: Receive Rupees 10500 Through Himmat Card
Steps to Complete BISP Registration through NSER Survey
To join the BISP Program applicants need to complete the NSER survey accurately by following these steps:
- Visit the BISP tehsil office for the NSER survey.
- Give your CNIC number and details about your family.
- Check the form carefully to avoid errors.
- The team will take your thumbprint for eligibility verification about seven days after form submission.
- Once processing is complete wait for the verification message.
This process makes sure that the aid reaches eligible families and ensures that their details are verified properly.
Conclusion
The Benazir Income Support Program (BISP) continues to provide essential financial help to families in need across Pakistan. With the expansion of approved banks and an upgraded payment system recipients can now access their funds with ease. Besides increasing the financial aid amount BISP is also focused on promoting skill development and children’s education to support families in rising above poverty.