BISP Bachat Scheme
BISP Bachat Scheme: The government of Pakistan has announced a new scheme under the Benazir Income Support Program which is known as the BISP Savings Program. The aim of introducing this scheme is to help poor people You can get monthly financial assistance by registering yourself in addition to this if you enroll yourself in the BISP Savings Scheme program, you can get this financial assistance with a 40% increase.
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Through a savings account, you can deposit your money in the savings account and after two years your money will be provided with a 40% increase if you want to benefit from this program then you must first You have to apply to register for the program. You will be told in this article with complete details how you can benefit from this program and how you can register yourself.
BISP Saving Scheme Online Application
This program is being run under the patronage of Benazir. Benazir Income Support Program is accepting your application. This program has been started in different cities of Pakistan. The government of Pakistan has promised that soon this program will be started for all Pakistani people, currently, this program has been started in major cities like Islamabad and cities of Multan, Lahore, and Karachi.
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All citizens and non-residents living in these cities can benefit from the BISP Savings Scheme You can deposit your money in the account here the money will be returned to you after two years with a 40% increase which is beneficial for you if you want to apply in this program then there is good news for you.
You can easily apply for this program No application fee will be charged You can go to the Benazir Income Support Program office and submit your application. If you face any problem while applying, you can contact the helpline.
BISP Bachat Scheme Portal
If you also want to apply through the online portal then you can easily apply now you just need to follow the given few steps.
- First, you have to enter your CNIC in the official portal
- As soon as you enter your CNIC number then you have to press the confirm button
- After that, you will soon receive a message on the screen
- And you will be told whether you are registered in this program or not
- And if you are told in this message that your ID card record is not available
- So you don’t need to worry you can go to your nearest tehsil office
- After going there you have to do your dynamic survey
- After going there you can register for this program
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Important Instructions
- To participate in this program you need to open a savings account in the bank.
- Participants in this program will have between Rs 500 and Rs 1000 deposited in their bank account every month.
- Customers participating in the Benazir Income Support Program will receive an additional 40% of their savings.
- The plan tenure is two years, after which you can withdraw the entire investment amount.
- During these two years, you are not allowed to withdraw your principal. On the other hand, bank profit and BISP shares can be withdrawn.
- You may leave the program at any time, but you will not be able to rejoin until it ends.
Final Words
The Benazir Savings Scheme is a new initiative launched by the Government of Pakistan to provide financial support to underprivileged individuals. Under this program, participants are required to open a savings account where they can deposit between Rs. 500 and Rs. 1,000 monthly. After two years, the total savings will be returned with a 40% increase.
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To participate in the scheme, individuals can either apply at the nearest Benazir Income Support Program (BISP) office or complete the registration process through the online portal. Applicants need to provide their CNIC (ID card) number for verification. Once registered, participants cannot withdraw their principal savings during the two years but are allowed to withdraw bank profits and BISP bonuses.
FAQs
Who can apply for the BISP Bachat Scheme?
Residents and non-residents in cities where the program is active, such as Islamabad, Multan, Lahore, and Karachi, can apply. The program is expected to expand nationwide.
How can I apply for the BISP Bachat Scheme?
You can apply by visiting the Benazir Income Support Program office or through the online portal. There is no application fee.
How does the savings account work in this scheme?
Participants must deposit between Rs. 500 and Rs. 1000 monthly into their savings account. The principal cannot be withdrawn during the two-year tenure, but bank profits and BISP shares are accessible.
Can I leave the program before completing two years?
Yes, you may leave the program at any time. However, you will not be eligible to rejoin until the program ends.
What should I do if my CNIC record is not found during registration?
If your CNIC record is unavailable, visit your nearest tehsil office to complete a dynamic survey and register for the program.
Is there any helpline for assistance with the BISP Bachat Scheme?
Yes, you can contact the BISP helpline for assistance if you face any problems during registration.
Are there any restrictions on withdrawals during the program tenure?
Yes, you cannot withdraw the principal amount during the two-year tenure, but bank profits and BISP shares can be withdrawn.