How Much Will BISP Withdrawals Cost?
How Much Will BISP Withdrawals Cost? A breakthrough has been made for deserving women across the country under the Benazir Income Support Program (BISP), where the historic target of opening 10 million bank accounts has been achieved. However, the biggest question of public interest now is: How many rupees will be charged for withdrawal?
Important meeting of the National Assembly Standing Committee
A meeting of the National Assembly Standing Committee on Poverty Alleviation was held under the chairmanship of Chairman Lam Ali Talpur, in which a briefing was given on important progress regarding BISP. The meeting was informed that:
- The target of opening 10 million bank accounts for BISP has been successfully achieved.
- Currently, these accounts are inactive, but as soon as the deserving people come to collect the money, they will automatically become active.
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Withdrawal facility and bank charges
The Deputy Governor of the State Bank told the committee that:
- BISP customers will be able to withdraw their money from any bank in the country.
- These accounts will be equipped with full banking facilities, such as depositing money, receiving remittances, and using ATMs.
- Customers will be charged bank fees ranging from Rs 100 to Rs 200 for withdrawals.
More convenience for the public?
This move will not only promote financial inclusion but will also be a positive step towards empowering deserving women. However, the question was also raised in the committee whether these charges can be reduced or eliminated so that the financial burden on poor customers is not increased.
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Conclusion:
The facility of bank accounts under the Benazir Income Support Program is certainly a revolutionary step, but considering factors like the cost of bank charges, the government should make the system more convenient and affordable for the beneficiaries.
Remember: If you are eligible for BISP, you will soon receive payment through the bank, and you will be able to withdraw money from the nearest ATM or branch — but keep in mind the charges of Rs 100 to Rs 200.
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