Latest Update for All BISP Beneficiaries that the State Bank has announced the BISP Sahulat Account a new payment framework for BISP Beneficiaries through BISP Facilitation Accounts so that the monthly stipend will be directly credited to the beneficiary’s account and can be transferred. That’s why, the government of Pakistan has introduce BISP Sahulat Account. Every BISP registered individual needs to open one such account and receive all future BISP payments in this account.
According to the State Bank, the main purpose of preparing the framework is to provide the BISP payments to registered women directly in their bank accounts. Hence the registered women can withdraw this BISP payment from their Bank account whenever they need. This is a good plan and everyone is appreciating this step.
This new banking system has been introduced by government of Pakistan to make the BISP payment process more transparent. This important step will soon be available for 9.3 million women under the BISP Convenience Account Program. Where all eligible women will open accounts from their nearest banks. And then they will be able to withdraw payments directly from their accounts. Hence, the old methods of getting BISP New Payment from the official BISP Center by standing in a long queue is going to end soon.
BISP Sahulat Account
Soon 9.3 million BISP beneficiaries will visit the bank to open a BISP Sahulat Account to receive BISP payments directly in their bank accounts through this framework. I think this is one of the best performances. All eligible women will be able to withdraw their aid payments from their bank accounts soon.
First, the major cities of Pakistan will be included in it. During the first trial phase, around 300,000 BISP beneficiaries will be included, who will be from Karachi and Lahore. However, if successful, the scope of the framework will be extend to more cities.
BISP New Payment Framework
All women registered by Pakistan’s government must receive financial assistance from bisp center. This process takes a lot of time, and most women faint because of the crowd. But now it will be very beneficial to become a new bank account. You can save and withdraw money in your payment bank account.
See: BISP Tracking Pass Gov Pk
BISP Sahulat Account Phase 1
BISP sahulat account will be create for all registered women in which monthly payment will be receive. The main purpose of the account is to distribute money quickly. And women can save their money in the account, but they can also withdraw money whenever they want. ATM cards will be provided to all women.
BISP Sahulat Account Benefits
9.3 million Women across Pakistan will have direct access to their payments, giving them financial autonomy and flexibility. You can send your payment to another account. The ATM card can be use in all banks. But this account and card can also be use for online shopping.
See: 8171 Ehsaas Program 25000 BISP
Conclusion
The new facility account framework is an important step towards improving women’s financial condition, providing them a safe, transparent, and efficient way to access social welfare payments. Remember! This account will be create only for those women. Whose registration in Benazir program will be complete and they will be receiving financial assistance from this scheme for more than one year.
What is the BISP Sahulat Account?
BISP Sahulat Account is a new payment receive method which is design to transfer BISP payments into the bank account of the registered beneficiaries.
How many beneficiaries can open a Bank account in Phase 1?
In phase 1 up to 9.3 Million bank accounts will be open of register BISP beneficiaries. These bank accounts will be connect with their BISP accounts and their new payments automatically send in their bank accounts.
Where the Phase 1 of the BISP Sahulat Account start?
Phase 1 of the BISP Sahulat Account will start only in Lahore and Karachi city. After getting success from here this program will be expand in Pakistan.
How BISP Sahulat Account receive BISP payments?
This new account will receive New BISP Payments through RAAST/IBFT. Hence, get ready to avail of BISP aid through a new method. Moreover, get additional details from the official SBP portal.