Good News: New Registration Of BISP Savings Scheme Started

BISP Savings Scheme 2024

BISP Savings Scheme: A new initiative is taken by the BISP program in recently. This is the new scheme named BISP saving scheme. Its main objective to provide the financial aid to the poor. And those who have not the job in a specific way. Therefore, If you are the regular beneficiaries of the BISP or also have a informal employment then you can easily take benefit from this scheme.You will get the complete details about this scheme in this article. You can also get the information about the eligibility criteria explanation in this article. I have been also explained the registration process in this article. So, if you want to get benefit from this program then red our article completely.

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Eligibility Criteria

Therefore, if you want to become the part of this program. I am going to explain the eligibility criteria, if you want to become the part of this Saving scheme. After this, you can easily complete your registration by following the procedure that is given in this article.

Let’s move the article further and talk about the eligibility criteria that is set by the BISP. In this scheme only for the beneficiaries of the BISP, informal employee and the day worker.
If you are the regular beneficiaries of the BISP program or have the informal employment then you can easily complete your registration for the Saving scheme. For this you PMT score is between 0 to 45.Only these are the condition if registration. But if you are not the Part of the BISP then you have to first complete your NSER survey.

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.

Other Relevant Information Regarding Savings Scheme

I want to tell you that of you deposit 500 to 1000 in your account per month. The BISP will give you a 40% of its profit. The Duration of the Saving scheme is two years. After completing two years you can also withdraw your whole amount. Let me tell you that you can anytime cancel out your saving scheme but once you have cancel it then you will be never again register in this scheme.

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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.