BISP 8171 New Update: Qist Withdrawal Now Available Through Six Partner Banks

BISP 8171 New Update: Qist Withdrawal Now Available Through Six Partner Banks

BISP has introduced a major change in the payment system in order to be more transparent and easier for beneficiaries. The 8171 BISP New Agreement will require payment by debit or credit cards to be made through a digital wallet and will be integrated with six major banks. BISP 8171 New Update seeks to ensure safe, immediate and deduction-free payment of BISP Kafaalat installments. The new system is expected to eliminate long queues, biometric security threats and payment delays in the country.

Read More: BISP ATM Withdrawal 2026 – Authorized ATM Payment Collection System

8171 BISP New Agreement – Key Highlights

Address by BISP Chairperson Dr. Robina Khalid

In her address, BISP Chairperson Dr. Robina Khalid emphasized the government’s commitment to modernizing the payment system and transparency in payments to recipients. She noted that the new accord with the six major banks represents a major step towards securely, quickly and deduction-free sending out of BISP Kafaalat payments. 

In fact, Dr. Robina Khalid commented that digital wallets with SIMs will reduce the suffering of the beneficiaries, biometric failure, and wait times. She also stressed BISP‘s focus on respecting beneficiaries‘ rights and expanding access to financial services in Pakistan.

BISP New Agreement with Six Major Banks

Under the 8171 BISP New Agreement, the Benazir Income Support Programme has partnered with six major banks to improve the distribution of payments to beneficiaries. The purpose of this collaboration is to roll out SIM-enabled payments via the digital wallet that offer faster, more secure and untaxed access to BISP Kafaalat payments. This agreement allows beneficiaries to withdraw payments at ATMs, OTC and digital channels, reducing queues and biometric concerns.

Key Roles of Partner Banks:

• Help with digital wallet and SIM payments.
• Provide ATM and OTC cash withdrawal services.
• Ensure biometric verification for secure transactions.
• Support nationwide payment coverage.
• Help eliminate unauthorized deductions and delays.

List of Six Authorized Banks for Payment Withdrawal

This new BISP representative has agreed to save two billion each year 15 clusters and six banks to be important providers of services to BISP beneficiaries.

These six banks are listed below.

• HBL Microfinance Bank
• Habib Bank Limited
• Telenor Microfinance Bank Limited
• Mobilink Microfinance Bank Limited
• Bank Alfalah
• The Bank of Punjab

How to Withdraw BISP Kafaalat Payments from Partner Banks

1. Check Payment Status

Send your CNIC number by SMS to 8171. Make sure you are eligible and have enough payment options.

2. Visit an Authorized Bank or ATM

Go to the partner bank branch, ATM, or payment point that is closest. Carry your original CNIC.

3. Biometric Verification

Finger test at the ATM or counter, complete. Ensure your fingerprint matches NADRA records.

4. Choose Withdrawal Method

• ATM Withdrawal: Use card or biometric ATM (where available). 
• OTC: Receive cash directly from the bank. 
• Digital Wallet (if enabled): Withdraw or transfer funds from the SIM-linked wallet.

5. Receive Full Payment

I will collect the total payment amount. BISP rules do not permit deduction.

6. Get Receipt & Confirm Amount

Always return a receipt for the transaction. Check the amount before leaving.

7. Report Any Issue Immediately

Call BISP Helpline: 0800-26477. If you need help, you can always contact the nearest BISP Tehsil Office.

Over-the-Counter (OTC) Payment Method Explained

OTC payment is a fast and convenient way for BISP recipients to withdraw Kafaalat payments from banks, without ATMs or digital wallets. This is especially applicable to people who are unable to access digital banking or mobile wallets.

How OTC Payment Works:

• Visit an Authorized Bank Branch: Go to one of the six partner banks in the BISP agreement.
• Bring Your Original CNIC: For verification, you need to bring your Computerized National Identity Card.
• Biometric Verification: Bank staff will verify your identity using NADRA biometric systems for secure transactions.
• Demand Payment: Tell the bank teller that you wish to take your BISP Kafaalat installment with OTC.
• You are given Cash: The bank teller pays the full amount.
• Transaction Receipt: Always have a receipt for payment.

BISP New Update 2026 – What Beneficiaries Need to Know

In 2026, significant reforms were introduced in the Benazir Income Support Programme to provide more secure, transparent and convenient payment mechanisms for beneficiaries. With six large banks involved, the 8171 BISP New Agreement links payments to digital wallets and SIM systems.

Key Points for Beneficiaries:

1. Digital Wallet Access:

They now allow for direct transfer to SIM-linked wallets for easier and faster withdrawals.

2. Authorized Banks:

Only withdrawals from six approved banks are valid; using another bank can cause issues.

3. Multiple Withdrawal Options:

Beneficiaries can access money in ATMs, OTC, or digital wallets.

4. Biometric Verification:

NADRA biometric verification of identity ensures safe payment.

5. Timely Payments:

This simplified process also reduces the length of wait and assures the timely delivery of BISP Kafaalat installments.

6. Fraud Prevention:

Improved monitoring identifies unauthorized deductions or money misuse.

7. Check Payment Status:

Beneficiaries can confirm payment via 81the 71 SMS service or through bank notification.

Conclusion

The 8171 BISP New Agreement has simplified the payment system, making the BISP Kafaalat payments faster, secure, and deduction-free. Beneficiaries can now withdraw payments at ATMs, digital wallets or OTC services, with biometric verification for added security. These updates help reduce delays, prevent fraud, and ensure that financial assistance reaches families across Pakistan quickly and reliably.

FAQs

What is the 8171 BISP New Agreement? 

In the 8171 BISP New Agreement, BISP and six major banks collaborated to make Kafaalat payments over digital wallets, ATMs and through OTCs to make quicker and more secure payments.

Who is authorized to make BISP payments? 

The deal also means that BISP payments can be taken from six approved partner banks. It is possible that switching banks could cause problems or delays in payments.

Can beneficiaries receive full payment without deduction? 

Yes, the new system provides completely deduction-free installments, preventing errors and fraudulent charges.