Here is the latest update for all eligible Benazir Income Support Program (BISP) beneficiaries who are receiving quarterly installments. Now, all eligible women can register for the Benazir Savings Scheme by visiting bank counters to enroll their names and earn a 40% profit on each monthly installment.
BISP Savings Scheme Registration 2024-25
The BISP Savings Scheme was recently announced by the Benazir Income Support Program, and registration has now commenced. Eligible individuals with bank accounts can visit registration desks across districts in Lahore to make their initial deposit. Deposits ranging from PKR 500 to PKR 1,000 will help banks increase their savings. This article explains how you can become part of this scheme and how the BISP Savings Program provides relief through its benefits. Read on to gather all the necessary information and join this advantageous scheme.
Also read: Three Million New Registrations for Educational Scholarships Benazir Program’s
Online Registration for Benazir Savings Program
Online applications for the Benazir Savings Program have been initiated for eligible beneficiaries. Follow the steps below to apply for the Benazir 8171 Savings Program:
- Visit the Official Website: Access the registration form through the official Benazir website.
Benazir Savings Program Registration - Verify Your Eligibility: Confirm your eligibility on the designated page.
- Complete the Application Form: Fill out the form with all required details.
- Submit Your Application: Once all information, including your CNIC number, is entered, click the “Submit” button.
Also read: Eligibility Check In Benazir Kafalat Program and ID Verification for New Payments
Eligibility Criteria
List of Individuals Eligible to Register for the Benazir Savings Scheme
- Residency: Must be a resident of Pakistan.
- PMT Score: Individuals with a PMT score between 10-40 are eligible to apply.
- Employment: Applicants should not be government employees.
- Land Ownership: Must not own more than two acres of land.
You can easily check your eligibility by clicking the link below:
Eligibility Check
Benefits of BISP Savings Scheme
By following the steps below, you can benefit from the BISP Savings Scheme:
- Bank Account Requirement: Open a bank account to participate in the program.
- Monthly Deposits: Each participant must deposit between PKR 500 to PKR 1,000 monthly into their bank account.
- 40% Additional Savings: Beneficiaries will receive an additional 40% on their savings from the Benazir Income Support Program.
- Program Duration: The scheme runs for two years, after which you can withdraw the entire amount from your bank account.
Important Note: The additional funds added by the BISP team to your bank account can be withdrawn by beneficiaries during the program period. However, the principal amount you have saved cannot be withdrawn during this time.
Also read: CM Punjab “Apna Ghar” Program First Installment Distributed to Over 1,000 Beneficiaries
Registering with Monthly Deposits of PKR 500 to 1,000 for 40% Returns
As we all know, the BISP Savings Scheme was launched to provide facilities and assistance to poor households, enabling them to save money for difficult or vulnerable times. The BISP Savings Scheme has now officially been initiated through multiple bank branches across Punjab’s districts, allowing individuals to deposit monthly amounts ranging from PKR 500 to PKR 1,000 according to their convenience.
- Program Duration: 2 years, after which your payment will be ready for withdrawal.
- Withdrawal Policy: During the program period, you cannot withdraw the principal amount saved in the bank. However, you can withdraw the additional funds added by the BISP team.
Also read: 8171 Update CNIC Registration for Kafalat Scheme 2024-25
Regions Where the Savings Program Has Launched
The BISP program has launched its new scheme in the following areas. This is just the first phase, and more regions will be covered in subsequent phases:
| Islamabad | Peshawar | Qila Saifullah | Lahore |
| Muzaffarabad | Lucky-Marwat | Karachi | Multan |
| Neelum | Quetta | Sukkur | Gilgit & Astor |
Also read: Step-by-Step Guide to the Taleemi Wazaif Programs and Benazir Kafalat
Conclusion
The BISP Savings Scheme is a remarkable initiative aimed at empowering vulnerable households by encouraging savings and offering a 40% return on monthly deposits. With registration desks established in Lahore and various districts, eligible beneficiaries can easily enroll and secure financial stability for the future.
This program not only fosters a culture of saving but also ensures that participants have access to additional funds during challenging times, marking a significant step towards poverty alleviation and economic development.
Join the BISP Savings Scheme today to take advantage of its benefits and secure a financially stable future for your family.
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