BISP Phase 2 Payments:
The Benazir Income Support Program (BISP) has introduced a direct bank transfer system for Phase 2 payments, marking a significant change in the disbursement process. Eligible beneficiaries will now receive their payment of PKR 13,500 directly into their bank accounts, making the process faster, safer, and more transparent.
This initiative aims to eliminate risks associated with cash payments, reduce fraud, and provide beneficiaries with easy access to funds through ATMs or bank branches. Partner banks include Bank of Punjab (BoP), Habib Bank Limited (HBL), United Bank Limited (UBL), and National Bank of Pakistan (NBP).
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How to Register for Direct Bank Transfers?
To benefit from this new system, beneficiaries must visit their nearest BISP center, link their CNIC (Computerized National Identity Card) to a valid bank account, and complete the required documentation by January 10, 2025. Eligibility can be confirmed through the 8171 portal, and a notification will be sent upon successful registration.
For individuals unable to register for bank transfers, the traditional cash payment method will remain available at designated centers.
What’s New in Phase 2 Payments?
The launch of direct bank transfers represents a major shift from traditional cash disbursement methods. This system allows eligible individuals to receive their PKR 13,500 payments directly into their bank accounts, offering a faster and more secure alternative.
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Benefits of Direct Bank Transfers
- Elimination of risks associated with mismanagement of payments.
- Reduced reliance on cash and minimized chances of fraud.
- Beneficiaries can conveniently withdraw funds via ATMs or bank branches.
Steps for Registering for Direct Bank Transfers
- Visit your nearest BISP center and link your CNIC to a valid bank account.
- Ensure the bank account is registered in your name for verification purposes.
- Confirm your eligibility for Phase 2 payments by checking your CNIC number on the 8171 portal.
- Provide necessary documents such as your CNIC, Family Registration Certificate (FRC), and income proof (if required).
- Once verification is complete, you will receive a notification confirming your registration.
Verification and Deadlines for Phase 2 BISP Payments
| Process | Deadline |
| Bank Registration | December 20, 2024 |
| Document Verification | January 10, 2025 |
| Final Disbursement | January 31, 2025 |
Frequently Asked Questions (FAQs)
Q: Is it mandatory to open a new bank account to receive payments?
A: No, if you already have an account with one of the listed partner banks, you can use it by linking it to your CNIC.
Q: Will cash payments still be available?
A: Yes, those unable to register for bank transfers can still access payments through designated cash payment centers.
Q: Is there a registration fee for direct transfers?
A: No, the registration process is entirely free.
Q: Can I track the status of my payment online?
A: Yes, payment status can be checked through the 8171 portal or the official app of the respective bank.
Conclusion
The introduction of direct bank transfers for Phase 2 payments is a significant step towards improving the efficiency and convenience of the program. With secure and easy payment options, eligible beneficiaries can benefit from a more reliable and streamlined disbursement process.