Under Ehsaas Bachat Account, the 7 million sponsored customers are being provided the bank account facility. The consumers can open savings accounts through designated retail outlets and payment centers of partner banks where they can save their money and keep it safe.
By joining the digital and financial system through the Ehsas Bachat Account, the women will be able to take advantage from the opportunities offered by the Ehsaas National Poverty Graduation Program.
This initiative is very important for the families involved in Ehsaas Kafalat which will help them to better manage their financial losses, meet their emergency needs, increase their income and get out of poverty.
At the time of receipt of money, the women will now have the facility to transfer their Kafalat amount to the Bachat Account via thumb-impression as required or withdraw it if they wish.
A large portion of Pakistan’s population is not connected to the banking system. When people are excluded from the financial system then improvement in human development becomes limited. Therefore, the step has been initiated to include these people in the financial system so that they can be provided access to the financial products and services. You can check your eligibility through 8171 Ehsaas Tracking Pass Gov Pk web portal online.
Ehsaas Bachat Account 2023-24 Eligibility Criteria
Under the rules and regulations laid down in the ehsaas program, the Ehsaas Bachat Account is being provided to the 7 million female users of Ehsas Kifalat program.
The only women from extremely poor families who have no source of income or limited resources and included in the Ehsas Kifalat program are eligible for Ehsas Bachatt Account.
How To Open Ehsaas Bachat Account 2023-24
The Ahsaas Kafalat eligible persons can open their Ehsas Bachut Account through biometric verification of thumb-impression by showing National Identity Card (CNIC) at designated retail outlets and payment centers of participating banks.
The savings accounts can be opened in the country through Habib Bank in Punjab, Sindh, Balochistan, Islamabad and Bank Al-Falah’s designated retail outlets in Khyber Pakhtunkhwa, Gilgit-Baltistan and Azad Jammu & Kashmir. There is no charge for opening a bachat account.
Special Facilities Provided By Bachat (Saving) Account
At the time of receipt of money, the women now have the facility to transfer their Kafalat money to the savings account by using their thumb as per their wish or to withdraw it if they wish. The beneficiaries will receive the Kifalat amount from the designated retail shops of payment centers or partner banks.
The featured services provided to the customers under Ehsas Savings Account including balance inquiry, cash in & cash out, transfer of funds received from Ehsaas to account, mobile top-up, payment of utility bills and money transfer etc. In addition, the accounts will offer savings on deposit.
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