The BISP Taleemi Wazaif is installed every three months from January through April 2024. Families participating in the Taleemi Wazaif and BISP Kafalat programs frequently need help withdrawing government-disbursed funds from the programs and depositing them into their designated bank accounts.
Contents
Overview of BISP
As the country’s main social security institution, the Benazir Income Support Programme (BISP), also known as the National Cash Transfer Programme (NCTP), was introduced by the Pakistani government in July 2008. The worldwide financial crisis in 2009 further reduced the welfare of already at risk households, and the rapid inflation of food prices, which saw food, grain, and fuel prices reach a 30-year high in 2008, was the main reason for the creation of the BISP.
Trouble Using Bank ATMs
Many beneficiaries need help using bank ATMs and instead turn to withdrawing cash from stores, where fees are steep and frequently don’t get paid in full. You can take your money out in both scenarios, regardless of whether you have a card through the Benazir Income Support Program.
Banks Supported by BISP
Three Pakistani banks have entered into contracts with the program, and these banks are operationally sound in all of the nation’s cities and towns. The following bank names are supplied:
- All branches of Bank Alfalah Limited have ATMs.
- Habib Bank Limited (biometric ATMs available at all branches)
- AlHabib Bank Limited ( Offering ATM Services)
| Withdrawal Options for Taleemi Wazaif Money |
| 1. Withdraw from bank ATMs supported by BISP. |
| 2. Withdraw from designated stores with biometric verification. |
Problems in Getting Money from ATMs
We have received many complaints from BISP recipients who need help getting cash out of the ATMs at the banks. The following are the main concerns:
- When ATMs are broken or have long lines.
- Families are left wondering how they will get their money on time.
Conclusion
As we previously mentioned in our list of bank names, the BISP has registered certain banks. Additionally, these banks have provided retailers with devices that enable money withdrawals through biometric verification for participants in the Educational Wazaif and Ehsaas Kafalat programs. Thus, you can easily get your installment from retailers if you have trouble using ATMs to withdraw cash.
FAQ’s
Which banks are supported by BISP?
- All branches of Bank Alfalah Limited have ATMs.
- Habib Bank Limited (biometric ATMs available at all branches)
- AlHabib Bank Limited ( Offering ATM Services)
What are the troubles in getting payment from the ATMs?
- When ATMs are broken or have long lines.
- Families are left wondering how they will get their money on time.
