New Method Of BISP Payment (June) Withdrawal from HBL ATM

New Method Of BISP Payment

New Method Of BISP Payment(June) Withdrawal from HBL ATM.The Benazir Income Support Program’s amount has started. This time, 9,000 rupees would be granted to the Benazir Income Support Programme. The way money is collected has changed and has been made simpler. to stop women from bothering. You will learn how to use the HBL ATM in full detail from this article.

First, the Cash Centre and the PCO distributed the Benazir Income Support Program’s funding.
The hour queue had to be observed by women. Therefore, the Benazir Income Support Programme discovered that withdrawing this money from any HBL ATM would be the best option. You have 24 hours to withdraw this sum whenever you choose.

Also read:مبارک ہو 9000 ڈبل قسط ملے گی | بینظیر کفالت | احساس پروگرام | وزیراعظم ریلیف پیکج | پیسے چیک آنلائن

The Benazir Income Support Program (BISP) has been a vital social welfare initiative in Pakistan, providing financial assistance to millions of underprivileged families. Over the years, the program has continuously evolved to enhance its efficiency and effectiveness. In June, BISP introduced a new method of payment through which beneficiaries can withdraw their funds directly from HBL ATMs. This article will explore the benefits of this new method and provide a step-by-step guide for BISP beneficiaries to withdraw their payments conveniently and securely.

Background of BISP

Also read:Bank Timing for BISP Payment Disbursement Update 2023-24

The Need for a New Payment Method

Previously, BISP payments were disbursed through various channels, including post offices and designated banks. While these methods served the purpose, they were not without limitations. Beneficiaries often faced long queues, delays, and security concerns when collecting their payments. To address these issues, BISP collaborated with HBL (Habib Bank Limited) to introduce a new payment method through ATMs.

Introduction of the HBL ATM Withdrawal

The new method allows BISP beneficiaries to withdraw their funds directly from HBL ATMs. This partnership leverages HBL’s extensive network of ATMs throughout the country, making it more convenient for beneficiaries to access their payments. The introduction of this method signifies a significant step towards financial inclusion and ease of access for BISP beneficiaries.

Benefits of the New Method

Convenience for Beneficiaries

With the new HBL ATM withdrawal method, BISP beneficiaries can conveniently access their funds at any time and on any day. They no longer have to depend on specific bank branches or post offices, which often have limited operating hours. This flexibility ensures that beneficiaries can withdraw their payments when it is most convenient for them, reducing the hassle and inconvenience of long waiting times.

Increased Security

Security has always been a paramount concern when it comes to distributing social welfare payments. By leveraging HBL’s robust ATM infrastructure, the new payment method offers enhanced security features. BISP beneficiaries can now withdraw their payments in a secure and controlled environment, minimizing the risk of theft or fraud associated with carrying cash.

Reduced Transaction Costs

The collaboration between BISP and HBL also brings cost savings for both the program and beneficiaries. Traditional payment methods involved administrative costs, transportation expenses, and manual processes. With the new ATM withdrawal method, the transaction costs are significantly reduced, allowing a larger portion of the allocated funds to reach the beneficiaries.

Enhanced Financial Inclusion

Financial inclusion is a key aspect of poverty reduction and economic empowerment. The introduction of the HBL ATM withdrawal method aligns with the goal of expanding financial access for BISP beneficiaries. By enabling them to withdraw their payments through ATMs, even in remote areas, the program aims to increase their participation in the formal financial system and promote financial literacy.

Easy Access to Other Banking Services

In addition to withdrawing BISP payments, beneficiaries can also benefit from other services offered by HBL ATMs. These services may include balance inquiries, mini-statements, fund transfers, bill payments, and mobile top-ups. The availability of these services at HBL ATMs provides a holistic banking experience for BISP beneficiaries, empowering them with more control over their financial transactions.

User-Friendly Interface

HBL ATMs are designed with a user-friendly interface, making it easier for BISP beneficiaries to navigate through the withdrawal process. The menus

and options are intuitive, ensuring that beneficiaries can easily understand and select the appropriate choices during the transaction. The user-friendly interface enhances the overall experience, minimizing any potential confusion or errors during the withdrawal process.

How to Withdraw from HBL ATM

To withdraw their BISP payments from an HBL ATM, beneficiaries can follow these simple steps:

  1. Step 1: Locate the Nearest HBL ATM: Use the HBL mobile app or website to find the nearest HBL ATM in your vicinity. Alternatively, you can ask for assistance from the BISP helpline or your local BISP office.
  2. Step 2: Insert Your BISP Card: Once you have located the nearest HBL ATM, insert your BISP payment card into the card slot provided on the ATM machine. Ensure that the card is properly inserted and securely held by the machine.
  3. Step 3: Enter Your PIN: After inserting your BISP card, the ATM will prompt you to enter your unique Personal Identification Number (PIN). Carefully enter your PIN using the keypad provided on the ATM machine. Make sure to shield the keypad while entering your PIN to maintain security.
  4. Step 4: Select the Withdrawal Option: Once you have entered your PIN, the ATM will present you with a menu of options on the screen. Look for the “Withdraw Cash” or “Cash Withdrawal” option and select it by pressing the corresponding button on the keypad.
  5. Step 5: Enter the Withdrawal Amount: After selecting the withdrawal option, the ATM will ask you to enter the amount you wish to withdraw. Carefully enter the desired amount using the keypad. Double-check the entered amount to ensure accuracy.
  6. Step 6: Collect Your Cash: Once you have entered the withdrawal amount, the ATM will process your transaction. It will then dispense the requested amount in cash. Wait for the machine to complete the transaction and collect your cash from the cash dispenser. Make sure to take your cash and any receipts that may be provided.
  7. Step 7: End the Transaction: After collecting your cash, the ATM may prompt you if you want to perform any additional transactions or end the session. If you have completed your withdrawal and don’t need to perform any other transactions, select the option to end the session. Ensure that you have taken your BISP card before leaving the ATM.

FAQs

Can I withdraw my BISP payment from any HBL ATM?

Yes, you can withdraw your BISP payment from any HBL ATM located nationwide. HBL has an extensive network of ATMs, ensuring convenient access for BISP beneficiaries across the country.

Is there a fee for withdrawing BISP payment from an HBL ATM?

No, there are no additional charges for BISP beneficiaries when withdrawing their payments from HBL ATMs. The withdrawal is free of cost for the beneficiaries.

What should I do if my BISP card is lost or stolen?

In case of a lost or stolen BISP card, it is crucial to take immediate action to safeguard your funds. Report the incident to the BISP helpline or your nearest BISP office as soon as possible. They will guide you on the necessary steps to block your card and issue a replacement.

Are there any withdrawal limits for BISP payments through HBL ATMs?

The withdrawal limits are subject to the policies and regulations set by BISP. It is advisable to contact BISP or visit their website for detailed information on withdrawal limits applicable to your specific case.

Can I use my BISP card for other transactions at HBL ATMs?

The BISP card is primarily designed for the withdrawal of HBL ATM but ISP payments. However, HBL ATMs may offer additional services that can be availed by BISP cardholders, such as balance inquiries, mini-statements, fund transfers, bill payments, and mobile top-ups. Check with HBL or visit their website for more information on the available services for BISP cardholders.

 

Conclusion

The introduction of the new method of BISP payment through HBL ATMs marks a significant milestone in the evolution of the program. This innovative approach brings numerous benefits, including convenience, increased security, reduced transaction costs, and enhanced financial inclusion for BISP beneficiaries. By following the simple steps outlined in this article, beneficiaries can easily withdraw their payments from any HBL ATM, providing them with greater control over their finances and empowering them to improve their living standards.

BISP Contact Information

InformationDetails
Telephone number0800-26477, 051-9246326
AddressBenazir Income Support Scheme, Block F, Pak Secretariat, Islamabad
Official BISP websitebisp.gov.pk

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