In a significant development, the Benazir Income Support Program (BISP) has announced an important update regarding the distribution of payments for 8500 BISP Kafalat beneficiaries. Federal Minister for Poverty Alleviation and Social Security, as well as BISP chairperson Shazia Murri, unveiled a new method for remittance of BISP program money, impacting the timing of banking for beneficiaries.
BISP New Bank Timing Update February 2024
Under the previous system, beneficiaries of Benazir Kafalat could withdraw money through ATMs round the clock. However, when visiting the bank in person, the withdrawal time frame was limited to 9 am to 2 pm. In the recent update, the working hours for withdrawing money from banks have been increased.
extended bank hours
Now beneficiaries can withdraw their allotted amount from their respective banks between 9 am to 5 pm. This extension in banking hours is intended to provide greater flexibility for beneficiaries, allowing them to access their funds during a wider time frame.
24 hour ATM access
Additionally, the convenience of 24-hour ATM access remains unchanged. Beneficiaries can continue to withdraw their money seamlessly through biometric ATMs, ensuring round-the-clock availability for those who prefer this method.
cash center withdrawal
Additionally, beneficiaries have the option to withdraw their funds from their nearest cash centres. This option provides more accessibility, especially for those who find it more convenient to visit a cash center for their transactions.
The bank timing update for BISP funds disbursement in February 2024 brings a positive change, giving beneficiaries extended banking hours and multiple avenues to access their funds. The commitment to biometric verification ensures a secure and accurate disbursement process. As the new method is set to be implemented across the country, BISP beneficiaries can look forward to a more accessible and efficient payment experience.