BISP Savings Scheme
A scheme has been started by the Punjab government which is named as BISP Savings Scheme under this scheme people can earn profit every month. It is being launched in Quetta, Qila Saifullah, Lahore, Multan, Karachi, Sukkur and Gilgit. If necessary, then you can withdraw 1200 rupees profit instead of 300 rupees, you can withdraw money from this scheme at any time. The beneficiaries of this scheme will get 40% of their savings in addition to Benazir Income Support Program i.e. if you deposit 1000 rupees then you will be given 400 rupees as profit. What is the complete details will be shared with you, so read the article completely and carefully.
Required Documents
- Computerized National Identity Card (CNIC)
- Proof of income
- Proof of Eligibility
- Bank account details
- Address proof
- Mobile no
- Passport size photographs
- Family information
BISP Payments Through JazzCash
Eligibility Criteria
- To be eligible for this scheme, the applicant must be eligible for the Benazir Income Support Programme
- An applicant should have a poverty score below 32 or 35 to be eligible for this scheme
- Applicant must be above 18 years of age to be eligible for this scheme
Check Your Benazir Kafalat Payment
BISP Savings Scheme 2024 Registration Process
Step.1: To get registered in this scheme you have to go to Benazir Income Support Program office
Step.2: When you visit the Benazir Income Support Program office, your BISP eligibility will be verified based on your CNIC and BISP sponsorship status.
Step.3: If you qualify, you will have to open a savings account in your bank
Step.4: To participate in this scheme, the applicants have to deposit an amount of Rs.500 to Rs.1000 per month in their bank account.
Step.5: When you deposit your money in your bank account, the government will give you a 40% increase.
Step.6: Once your bank account is established, the bank will provide you with a passbook or ATM card for easy access to your account.
Step.7: The duration of this scheme is two years but if you want to withdraw your money after three months then you can withdraw
BISP Chairperson Calls For Quick Payment Action
Helpful Summary of BISP Savings Scheme
| Scheme Name | BISP Savings Scheme |
| Launched By | Government of Punjab |
| Start Date | 1 January 2024 |
| Eligibility Criteria | Must be registered under BISP and receiving regular payments |
| Application Process | Online registration through BISP portal |
| Official Website | .bisp.gov.pk |
| Last Date | 31 December 2024 |
FAQs
What is BISP Savings Scheme?
The BISP Savings Scheme is an initiative launched by the government under the Benazir Income Support Program (BISP) to promote savings among low-income households in Pakistan.
Who will be eligible for the BISP Savings Scheme?
The scheme will be eligible for those who are receiving benefits from the Benazir Income Support Program and who are registered and verified under the National Socio-Economic Registry.
How to Enrol in BISP Savings Scheme?
Enrollment in BISP Savings Scheme can also be done through SMS and you can also visit the nearest Benazir Income Support Program centre to enrol in this scheme.
What is the tenure of the BISP Savings Scheme?
The duration of BISP savings scheme is two years but you can withdraw your money after three months if you want.