Rubina Discusses Banking Plans For BISP Beneficiaries With SBP Governor – 8171 Update!
The Chairperson of the Benazir Income Support Program recently convened a meeting with the State Bank Of Pakistan SBP Team to discuss important matters concerning BISP Beneficiaries, including the opening of bank accounts and other pertinent topics. The discussion covered all crucial updates related to the BISP Program and potential changes in the upcoming months.
One significant change for BISP-eligibility families is the release of their new payment installments. Once their CNIC has been verified through the 8171 Portal, they can receive their stipend of Rs 13500 either from BISP offices or their nearest bank accounts.
BISP & SBP Discuss Easy Bank Account Opening for Beneficiaries – Latest Update
On Friday, Senator Rubina Khalid, the chairperson of the Benazir Income Support Program, met with State Bank Governor Jamil Ahmad in his office to discuss matters regarding the opening of bank accounts for program beneficiaries.
جمعہ کو بی آئی ایس پی کی چیئرپرسن سینیٹر روبینہ خالد نے اسٹیٹ بینک کے گورنر جمیل احمد سے ان کے دفتر میں ملاقات کی جس میں پروگرام سے فائدہ اٹھانے والوں کے بینک اکاؤنٹس کھولنے سے متعلق امور پر تبادلہ خیال کیا گیا۔ تقسیم کے عمل میں شفافیت اور وضاحت کو یقینی بناتے ہوئے، روبینہ خالد نے مستحق خواتین کے بینک کھاتوں میں رقوم کی منتقلی کے لیے بے نظیر کے عزم پر زور دیا۔
Ensuring transparency and clarity in the distribution process, Rubina Khalid emphasized BISP’s commitment to transferring funds to deserving women’s bank accounts.
BISP to Deposit Payments Directly into Women’s Bank Accounts
Senator Rubina Khalid stated that collaborative efforts with the State Bank of Pakistan (SBP) are underway to facilitate direct transfer of BISP payments to deserving women’s bank accounts.
The aim of this initiative is to enhance transparency, ensure financial inclusion, and provide recipients with a more dignified means of receiving their funds. By removing intermediaries, reducing the risk of financial exploitation, and implementing a formal banking system, the government hopes to empower women with greater financial control.
Chairperson Announces Initiative to Open Bank Accounts for Women
Senator Rubina Khalid announced that bank accounts will be opened in the near future to aid in a dignified and efficient transfer of funds to financially disadvantaged women.
It was emphasized that the program’s goal is to enhance transparency and promote financial inclusion. This will allow recipients to access their payments directly, eliminating the involvement of intermediaries.
During the consultation meeting with the SBP Governor, the main topics discussed were the account-opening process, operating procedures, security measures, and ensuring accessibility for qualified women.
BISP 13,500 Payment Disbursement: Receive Funds Through 6 Banks
Senator Rubina Khalid also noted that the Benazir Kafalat scheme’s quarterly payments are currently being distributed by six authorized banks across the country.
To ensure a more efficient and transparent distribution process, the following banks are included:
The chosen recipients are now part of the new payment system. It aims to provide them with added convenience, reducing delays and ensuring secure access to their financial aid.
State Bank to Receive BISP Beneficiary Data for Financial Inclusion
As per Rubina Khalid, BISP would provide the State Bank of Pakistan with information on eligible women, who would then have accounts opened in banks to receive their funds.
Jamil Ahmad, governor of the State Bank of Pakistan, assured Senator Rubina Khalid, chairperson of the Benazir Income Support Program, of his full assistance in opening bank accounts for women.
Summary
The recent meeting between BISP Chairperson Senator Rubina Khalid and SBP Governor Jamil Ahmad was a noteworthy move towards enhancing the payment system for BISP recipients.
The initiative seeks to promote financial transparency, remove intermediaries, and facilitate a seamless and dignified transfer of funds by providing bank accounts for deserving women. The participation of six prominent banks in distributing payments further fortifies the system, increasing its accessibility and security for recipients.