BISP New Payment Banking System 2023


Introducing the BISP New Payment Banking System



The Benazir Income Support Program (BISP) has made a significant and vital announcement for its beneficiaries, and you’ll find all the important details in this article.

This initiative has been taken by the BISP to enhance the program’s efficiency and transparency, aligning with its core objective of uplifting the poor and deserving individuals, preventing them from slipping into poverty. The program’s goal is to ensure that assistance reaches those who rightfully qualify for it. Hence, an online registration process for the Benazir Income Support Programme has been initiated.

BISP’s New Banking System

In a bid to further improve the payment process for the Benazir Kafalat Program, Benazir Taleemi Wazaif, and BISP Nashonuma Program, the Benazir Income Support Program is introducing a new payment system. Previously, beneficiaries had to visit agents to collect their funds, and often, these agents deducted additional amounts from the payment, causing inconvenience to many recipients.


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With the new banking system in place, the payment process is set to become more streamlined and transparent. The aim is to ensure that the rightful beneficiaries receive their full entitlements without any unauthorized deductions. This step is part of BISP’s commitment to providing better services and support to those in need.

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The introduction of this new payment system reflects BISP’s dedication to improving the lives of the underprivileged and creating a more efficient and equitable assistance program. The focus remains on empowering the less fortunate and facilitating their journey out of poverty. With this positive step, BISP continues to work towards a brighter future for all beneficiaries.



BISP’s New Payment Banking System


The government is set to introduce a revolutionary banking system for the Benazir Income Support Program (BISP), wherein bank accounts will be opened for all program beneficiaries, and their funds will be directly transferred into these accounts.

Currently, the BISP has initiated a pilot phase for the new banking system, which is currently operational in seven districts. The plan is to expand this system nationwide very soon. It is reported that the upcoming quarterly installments for the beneficiaries will be paid using this new banking system.

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Under this system, beneficiaries of the Benazir Income Support Program will have the flexibility to choose any bank under the State Bank of Pakistan to open their accounts. To avail this opportunity, beneficiaries are required to visit their nearest Benazir Income Program office to gather all the necessary information and follow the instructions provided to open their bank accounts.

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We will keep you promptly updated with any new developments regarding this system, providing you with all the details as soon as they become available. This new banking system is expected to enhance the efficiency and transparency of the program, ensuring that deserving individuals receive their entitlements without any hindrance. It’s a positive step towards empowering the beneficiaries and promoting financial inclusion in Pakistan.

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