Sat. Apr 20th, 2024
BISP Savings Scheme

BISP Savings Scheme

BISP Savings Scheme Benazir Income Support Program has launched another scheme to assist the near and deserving people and alleviate their financial burden. Under the plan, people will now get freedom from all kinds of problems. There is an excellent opportunity for people suffering from economic issues, those with no money, and those with little money. Benazir Income Support Program has launched a savings scheme. The savings scheme’s purpose is to continue this scheme for two years, during which you can keep money in the account between Rs. 500 and Rs. 1000.

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You will get up to 40% profit annually or after two years when you keep this much money. You can get 40% profit from this 500 to 1000 rupees. We have to help provide maximum financial assistance to the poor and deserving people, to bring them to a good scheme, before helping people by giving money, asking people to deposit their money in their savings account. It can help double your money very quickly. The procedure is mentioned as a screen entry procedure to check eligibility in the scheme. Other than that, there are many reasons why this program scheme is started. Under this screen, people can get good help and profit.

Eligibility Criteria 

  • This scheme is launched for poor and deserving people, and there are eligibility criteria
  • If you meet the eligibility criteria, you are admitted to the program
  • This program is made only for needy and deserving people
  • Those whose poverty score is less than 40 percent
  • Those included in the Benazir Income Support Program will be included in the program.
  • They will also be included in this program apart from poor people not getting any assistance earlier.
  • They will also be included in it. You can apply if you also want to be included in this program.
  • Remember that this online program has been started only in a few districts
  • However, it will be further expanded
  • And all over Pakistan, you will be given all the information about how you are doing.

The program is currently being launched in Islamabad, Muzaffarabad, Neelam, Peshawar, Lucky Marwat, Quetta, Qila Saifullah, Lahore, Multan, Karachi, Sukkur, Gilgit and Astor. Enter your information to submit an application. Note that the Benazir Income Support Program does not set a fee for submitting an application.

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Important instructions

  • To participate in the scheme, you need to open a BISP savings account in the bank.
  • People who participate in the scheme will deposit money from 500 to 1000 rupees monthly in their bank account.
  • Consumers will get an additional 40% of their savings from the Benazir Income Support Program.
  • The duration of the scheme is two years at the end of which you will be able to withdraw your entire amount.
  • You cannot withdraw your principal amount during this two-year period. While the contribution is given by BISP
  • And the interest given will be withdrawn from the bank.
  • You can withdraw from the scheme at any time, but re-joining will not be possible until the end of the scheme.

How To Apply In BISP Savings Scheme

To join this program, you have to follow simple steps, and after following the steps, you are registered.

  • You can join this program quickly. First, you must open a bank account in your name.
  • This is called the BISP Savings Scheme, in which you must deposit an amount ranging from 500 to 1000 rupees.
  • After that, the account has to be linked with Benazir Savings Scheme
  • After that, you will get 40% profit and can continue this scheme for two years.
  • Also, you can opt out of this scheme anytime during the two years once you opt out comfortably.
  • So you are not eligible again till the end of the scheme
  • Also, you can withdraw your money from this scheme at any time