BISP Savings Scheme 2024
Recently, a new initiative called the BISP Savings Scheme has been taken by the Benazir Income Support Program. The purpose of which is to provide financial assistance to the existing beneficiaries of BISP and people involved in informal employment by introducing a new procedure. Therefore, if you are one of the current beneficiaries of the Benazir Income Support Program or you are involved in informal employment, then you can also benefit from this scheme.
In this article, you will get to see the complete information in this regard; you will be told with complete details which eligibility criteria’s have been set to complete the registration in this scheme. In addition, this article will provide you with a comprehensive guide on how to complete the registration process for this scheme, along with other relevant details. So if you also want to benefit from this scheme, then you have to read this article till the end so that you can get complete information.
Also Read: Benazir Kafalat Quarterly Payment Increased; Register Now
Eligibility Criteria
If you also want to be a part of this savings scheme launched by BISP, here I am going to guide you through the eligibility criteria set by BISP to be a part of this scheme. So, if you also meet these eligibility criteria, then you can easily complete your registration process by following the procedure mentioned below in this article.
If we talk about the eligibility criteria, let me tell you that this scheme has been launched only for the existing beneficiaries of BISP and people involved in informal employment, like daily wage workers, etc.
So, if you are also a current beneficiary of BISP, or you are involved in any informal employment, and your PMT score is between 0 and 40, then you can complete your registration under this scheme. Apart from this, no other eligibility criteria’s have been set by the BISP to join this scheme. But remember, if you want to benefit from this scheme, you must complete the NSER survey; this condition is especially for those who are not beneficiaries of BISP.
Procedure to Complete Registration in BISP Savings Scheme
If you meet all the eligibility criteria mentioned above, then you can easily complete your registration in this scheme. For your convenience, the complete registration procedure is being provided here. Please understand it well and then complete your registration process.
The registration procedure in this scheme has been kept very easy and simple. First, you have to visit your nearest National Bank branch and open your BISP savings account there. After opening an account, you have to deposit an amount of Rs.500 or Rs.1000. After that you will become eligible for this scheme.
It is very important to remember that opening a savings account is the only condition for joining the scheme. If you open any other type of account, you will not be able to participate in this scheme. So ensure all the conditions at the time of registration so that you don’t face any problems in the future.
اگر آپ اوپر بیان کیے گئے تمام اہلیت کے معیارات پر پورا اترتے ہیں تو آپ آسانی کے ساتھ اس اسکیم میں اپنی رجسٹریشن مکمل کر سکتے ہیں۔ آپ کی سہولت کے لیے، یہاں رجسٹریشن کے مکمل طریقہ کار کی تفصیل فراہم کی جا رہی ہے۔ درخواست ہے کہ اس کو اچھی طرح سمجھیں اور پھر اپنی رجسٹریشن کا عمل مکمل کریں۔ اس اسکیم میں رجسٹریشن کا طریقہ نہایت آسان اور سادہ رکھا گیا ہے۔ سب سے پہلے، آپ کو اپنے قریبی نیشنل بینک کی برانچ میں جانا ہوگا اور وہاں اپنا بی آئی ایس پی بچت اکاؤنٹ کھلوانا ہوگا۔ اکاؤنٹ کھولنے کے بعد، آپ کو 500 یا 1000 روپے کی رقم جمع کروانی ہوگی۔ اس کے بعد آپ اس اسکیم کے اہل بن جائیں گے۔ یہ بات یاد رکھنا نہایت ضروری ہے کہ اسکیم میں شامل ہونے کے لیے صرف اور صرف بچت اکاؤنٹ کھلوانا شرط ہے۔ اگر آپ کسی دوسرے قسم کا اکاؤنٹ کھلوائیں گے تو آپ اس اسکیم کا حصہ نہیں بن سکیں گے۔ اس لیے رجسٹریشن کے وقت تمام شرائط کو یقینی بنائیں تاکہ آپ کو مستقبل میں کسی پریشانی کا سامنا نہ کرنا پڑے۔
Other Relevant Information Regarding Savings Scheme
Apart from this, let me tell you regarding this scheme that if you deposit any amount between Rs.500 and Rs.1000 per month in your account according to your convenience, BISP will give you this An additional 40% will be paid as profit. Apart from this, let me tell you that the duration of this scheme is two years, and you will be able to withdraw your entire amount at the end of it. But remember, during this two-year period, you can withdraw the profit provided by BISP. Along with this, let me also tell you that you can withdraw from this scheme at any time during this two-year period. But the most important thing to consider here is that once you leave, you cannot join this scheme again.
Also Read: Benazir Kafalat Program: 13500 Payment New Update!
Conclusion
The initiative taken by the Benazir Income Support Program under the name of the BISP Savings Scheme will be very helpful for the poor and deserving families. While the current beneficiaries of BISP will benefit from this initiative, those who have not been declared eligible due to a high PMT score in BISP will also be able to benefit from this scheme. Here I have provided the complete procedure to register in this scheme for your guidance. Along with this, I have also provided you the eligibility criteria and other information regarding this scheme in this article. So, if you are also interested in participating in the scheme, complete your registration process by following the procedure mentioned in this article. Further, if you need any kind of information in this regard, you can comment in the comment section or refer to your nearest BISP office.