BISP Saving Scheme
BISP Saving Scheme: BISP Saving Scheme has been launched by Benazir Income Support Programme. The purpose of which is to provide financial support to the current beneficiaries of the Benazir Income Support Program and the informal workers through a new method. Deserving people are encouraged through this scheme. So that they can save a small amount of money in a good way. And then the money can be used for emergencies, educational expenses or investing in a small business. If you are also among the current beneficiaries of Benazir Income Support Program. Or you are engaged in informal employment. So you can benefit from this scheme.
In this article, you will be provided complete information in this regard. You will be informed in all details how you can complete the registration process in this scheme. And how to check your eligibility. Apart from this, all information regarding the scheme will be given to you in detail. If you also want to benefit from it. So read this article carefully so that you can get all the information regarding the scheme.
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Features of BISP Savings Scheme
The Saving Scheme is for the existing beneficiaries of the Benazir Income Support Program and those engaged in informal employment such as daily wage labourers. A web page has been introduced by Benazir Income Support Program to submit applications in this program. Through which eligible people can start the process of receiving their application. And can regularly benefit from program payments. Here are some more benefits of Scheme under Benazir Income Support Programme.
Quarterly Savings in the scheme: After opening an account in the scheme, 40% additional money is provided to the registered persons.
Duration of the scheme: The duration of this scheme is two years. Those who withdraw from the scheme before the expiry of two years. They are permanently disqualified from the program. And again they are unable to complete the registration process.
Amount of savings in the scheme: The applicant gets to save between 500 and 1000 out of his dedicated savings.
Non-Refundable Amount: The principal amount deposited for savings is not refundable.
No Fee Application Submission: Individuals who submit applications to join the scheme. No fee charged from them.
Withdrawal from the scheme: Individuals registered in the program can withdraw from the scheme at any time of their choice.
Refund on Scheme Expiration: As soon as the scheme expires. After that, the registered persons will be refunded their original amount with additions.
Complete your registration process in Benazir Income Support Program Savings Scheme, deposit money in your account and be eligible to earn profit.
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Term And Conditions In BISP Saving Scheme
Follow the instructions below to avail the benefits of the scheme.
- To register in the savings scheme, you must have a savings account open.
- In this scheme, the registered persons have to deposit 500 to 1000 rupees in their bank account every month.
- Registered persons will given 40% additional compensation by Benazir Income Support Program.
- The duration of the savings scheme will be two years.
- After two years, registrants will be able to withdraw from the program with their money increased.
- If you have completed your registration process in the savings scheme. So you cannot withdraw your money before two years. But you can receive a profit every month.
- If you want to withdraw from the program before the expiry of the scheme period. So you will suspended from this scheme forever in future.
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Eligibility Criteria For Saving Scheme
If you also want to be a part of the savings scheme launched by Benazir Income Support Program. So it is important that you first meet the eligibility criteria given in the program. Here you will informed about the complete details about the eligibility criteria. According to which you can estimate whether you are eligible for this program or not. The savings scheme launched under the Benazir Income Support Program includes only non-government employed persons such as daily wage labourers and workers etc. In order to participate in this program, the applicant must have a poverty level between 0 and 40.
If someone’s poverty score is higher than the threshold specified in the program, they are not eligible for the program. In order to join this scheme, applicants must first complete their NSER Dynamic Survey. So that their poverty score can estimated correctly. And to find out if they are really eligible in the program or not. Remember to submit all your information accurately to the BISP representative while conducting your NSER Dynamic Survey. Because if you provide any wrong information, you may disqualified from getting registered in the program.
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Complete Registration Procedure in Savings Scheme
If you meet all the eligibility criteria mentioned in the scheme. So you can easily complete your registration process in this scheme. Because this program is very easy for me to register. Therefore, you can complete your registration process yourself. To register in the savings scheme, first visit your nearest National Bank branch. Ask the bank representative there to open your BISP savings account. The bank representative will open your account after taking certain actions. After opening the account, you have to deposit an amount of Rs.500 to Rs.1000 in your bank account.
After that you will be eligible for the scheme. Remember that the only condition for registration in this scheme is to open a savings account. So when you go to open your account, ask the bank representative to open your savings account. Because if you play another account. So you will not be eligible for this scheme. While completing the registration process, play your account according to all the conditions. So that you can avoid any kind of problem.
اگر آپ بی آئی ایس پی سیونگ سکیم میں درج تمام اہلیت کے معیار پر پورا اترتے ہیں۔ لہذا آپ اس اسکیم میں اپنی رجسٹریشن کا عمل آسانی سے مکمل کر سکتے ہیں۔ کیونکہ یہ پروگرام میرے لیے رجسٹر کرنا بہت آسان ہے۔ لہذا، آپ اپنی رجسٹریشن کا عمل خود مکمل کر سکتے ہیں۔ بچت اسکیم میں رجسٹر کرنے کے لیے، پہلے اپنی قریبی نیشنل بینک کی برانچ پر جائیں۔ وہاں موجود بینک کے نمائندے سے اپنا بی آئی ایس پی سیونگ اکاؤنٹ کھولنے کو کہیں۔ بینک کا نمائندہ کچھ اقدامات کرنے کے بعد آپ کا اکاؤنٹ کھولے گا۔ اکاؤنٹ کھولنے کے بعد، آپ کو اپنے بینک اکاؤنٹ میں 500 سے 1000 روپے تک کی رقم جمع کرنی ہوگی۔ اس کے بعد آپ اسکیم کے اہل ہو جائیں گے۔
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Conclusion
A new scheme named BISP Saving Scheme has launched by Benazir Income Support Programme. Under which the poor and daily wage earners of Pakistan will helped. Although the existing beneficiaries of Benazir Income Support Program will be eligible for this program. But those who are not eligible due to poverty score in BISP. They can benefit from this savings scheme. In this scheme, all the procedures of registration and eligibility have explained to you. According to which you can complete your registration in the program. After registering in this scheme, you have to deposit 500 to 1000 in your bank account. After which you will get 40% profit every month.
The duration of the scheme will be two years. After two years you will be able to receive your deposited amount with increment. But if you withdraw from the program before that, you will not be able to receive your money. And besides, you will be permanently disqualified from the program. To get more information regarding the scheme, visit any Benazir Income Support Program office near you. Where you will be provided with all the information in detail. If you want to get help from this program. So open your bank account as soon as possible and complete your registration process in this scheme.
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