BISP 8171 Program to Transfer 3rd Installment Directly Into Bank Accounts – Full Details Inside
BISP 8171 Program to Transfer 3rd Installment Directly Into Bank Accounts
The BISP 8171 Program has made an important decision for its beneficiaries across Pakistan. According to the latest update, the third installment of this year will be transferred directly into the bank accounts of eligible beneficiaries instead of cash distribution. This new system aims to make the payment process easier, faster, and more transparent.
Read this article carefully to know all the confirmed details about the BISP 3rd Installment Bank Transfer, including how the process will work, which banks will handle payments, and what beneficiaries need to do to receive their money safely.
Decision Announced in National Assembly Committee Meeting
The announcement was made during the National Assembly’s Poverty Reduction Committee meeting, chaired by Ghulam Ali Talpur. In this meeting, the committee approved the plan to transfer BISP payments directly into beneficiaries’ bank accounts. This is part of the government’s efforts to modernize the payment system and ensure transparency in financial assistance.
SIMs to Be Linked With Beneficiaries’ Bank Accounts
During the briefing, the Secretary of the Benazir Income Support Programme explained that all BISP beneficiaries’ SIM cards will be linked to their bank accounts. This step will help in identity verification and make transactions more secure. The Ministry of IT will issue these SIMs to ensure each beneficiary can easily access their funds without facing verification issues.
State Bank to Transfer Funds via Raast System
The State Bank of Pakistan will play a key role in this new payment system. All BISP funds will now be transferred through the Raast digital payment platform, which is designed for fast, secure, and direct transactions. With Raast, beneficiaries will receive their payments directly into their bank accounts, reducing delays and avoiding cash-handling problems.
NADRA Discussions to Reduce Transaction Charges
According to the BISP Secretary, discussions with NADRA are currently underway to lower service charges. This move aims to make the process more affordable so that beneficiaries can receive their full payment without any unnecessary deductions.
Beneficiaries Can Withdraw from 6 Major Banks
Under the new system, BISP users will be able to withdraw their payments from any branch of six selected banks across Pakistan. This will make it much easier for beneficiaries to access their money without standing in long queues or depending on specific payment centers.
80% Beneficiaries to Receive Payments via Bank Accounts
The committee confirmed that nearly 80% of BISP beneficiaries will get their payments directly through bank accounts. This will not only ensure transparency but also promote digital banking and financial inclusion among low-income families in Pakistan.
What Beneficiaries Should Do Next
- Keep your mobile SIM active and ensure it’s registered in your name.
- Link your SIM with your bank account as instructed by BISP.
- Make sure your CNIC and bank information are updated to avoid any delays.
- Check official BISP updates regularly for further instructions about payment dates.
Conclusion
The BISP 3rd Installment Bank Transfer is a major step toward a transparent and digital welfare system in Pakistan. With the new Raast-based payment model, direct bank transfers, and linked SIM verification, beneficiaries will now receive their financial support more efficiently and safely. This change shows the government’s commitment to improving public welfare systems and making financial aid accessible for all deserving families.
FAQs – BISP 3rd Installment Bank Transfer
What is the new update about the BISP 3rd installment?
The Benazir Income Support Programme has decided to transfer the third installment directly into beneficiaries’ bank accounts.
Who made this decision?
The decision was made in the National Assembly’s Poverty Reduction Committee meeting chaired by Ghulam Ali Talpur.
How will beneficiaries receive their payments?
Payments will be sent directly to bank accounts through the State Bank’s Raast system.
Will beneficiaries need a linked SIM?
Yes, all beneficiaries’ SIM cards will be linked with their bank accounts for verification and security.
Who will issue the SIMs?
The Ministry of IT will issue SIMs to BISP beneficiaries.
From which banks can beneficiaries withdraw money?
Beneficiaries can withdraw their payments from any branch of six major banks across Pakistan.
What percentage of beneficiaries will get payments through bank accounts?
About 80% of BISP beneficiaries will receive their third installment directly into their bank accounts.
What is BISP doing to reduce service charges?
BISP is in talks with NADRA to lower transaction charges so beneficiaries can get their full payment amount.
What should beneficiaries do to receive their payments smoothly?
They should keep their SIM active, link it to their bank account, and ensure their CNIC and bank details are updated.
Why is this change important?
This new method will make the payment process faster, safer, and more transparent for millions of BISP beneficiaries.
