The Benazir Income Support Program (BISP) has introduced the BISP Bachat Scheme, providing a golden opportunity for low-income families to save money and receive a 40% monthly savings bonus. If you are a beneficiary of the Kafalat Program, this scheme will help you save and grow your money while giving you an additional benefit each month.
This article will guide you through the registration process for the BISP Bachat Scheme in Lahore, and everything you need to know about how it works, its benefits, eligibility criteria, and more.
Registration for the BISP Bachat Scheme 2024-25
The BISP Bachat Scheme aims to assist low-income households by encouraging savings with a monthly bonus. This scheme is now available to beneficiaries in Lahore and several other regions of Pakistan.
Eligible individuals can visit the registration desk at designated bank branches in Lahore, where they can make their first installment of Rs. 500 to Rs. 1000. This deposit will be matched by the bank, and the savings will grow with interest.
Important: The registration process is easy, and all beneficiaries who are part of the Benazir Income Support Program (BISP) can take advantage of this scheme.
Also read: 8171 Update CNIC Registration for Kafalat Scheme 2024-25
Online Registration in the BISP Bachat Program
For added convenience, the BISP Bachat Program offers an online registration option. To register for the scheme, follow these simple steps:
- Visit the official BISP Bachat registration website: http://savings.bisp.gov.pk.
- Confirm your eligibility by filling out the required form.
- Enter your CNIC number and other details.
- After entering your information, click on the Submit button to complete your registration.
Once your application is processed, you will be notified of your eligibility status.
Also read: Step-by-Step Guide to the Taleemi Wazaif Programs and Benazir Kafalat
Eligibility Criteria
The BISP Bachat Scheme is open to all Pakistani citizens who meet the following criteria:
- Must be a resident of Pakistan.
- PMT Score: You must have a PMT (poverty score) between 10 and 40.
- No Government Employment: The individual cannot be employed by the government.
- Land Ownership: Applicants should not own more than 2 acres of land.
To check if you are eligible, click the link below:
Benefits of the BISP Bachat Scheme
The BISP Bachat Scheme offers several benefits for the participants:
- Bank Account Requirement: To participate, you must have a valid bank account.
- Monthly Deposit: Every month, you can deposit between Rs. 500 to Rs. 1000 into your bank account.
- 40% Monthly Bonus: The government will add an extra 40% on top of your savings each month.
- Withdrawal at the End of Two Years: After two years, you can withdraw your savings along with the extra bonus.
During the two-year period, you can access the extra funds deposited by the BISP, but the initial savings you deposited cannot be withdrawn before the completion of the term.
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500 to 1000 Rs Monthly for 40% Benefit
One of the most attractive aspects of the BISP Bachat Scheme is the 40% monthly benefit. Participants can deposit an amount ranging from Rs. 500 to Rs. 1000 every month, depending on their financial ability.
At the end of the two-year term, you will be able to withdraw the amount saved, plus the bonus provided by BISP. This scheme offers an excellent way to save money for future emergencies or needs.
Also read: BISP Savings Scheme Registration Desks Open in Lahore: Earn 40% Monthly Returns
Monthly Deposit and Bonus Table
| Deposit Amount (Rs.) | BISP Bonus (40%) | Total Savings after 2 years (Rs.) |
| 500 | 200 | 12,000 |
| 1000 | 400 | 24,000 |
Also read: BISP Kafalat 10,500 Initiative 157,000 Kasur Beneficiaries to Receive PKR 1.32 Billion
Regions Where the Bachat Program Has Started
The BISP Bachat Scheme has been launched in several regions, with more areas set to follow. Here are the regions where the scheme has already begun:
- Islamabad
- Peshawar
- Qila Saifullah
- Lahore
- Muzaffarabad
- Lucky Marwat
- Karachi
- Multan
- Neelum
- Quetta
- Sukkur
- Gilgit & Astor
This is just the first phase. Additional districts will be included in the next phases.
Also read: CM Punjab Launches Free Insulin Program for Children with Diabetes – Apply Now!
FAQs
How much can I deposit each month in the BISP Bachat Scheme?
You can deposit anywhere between Rs. 500 to Rs. 1000 each month, depending on your financial capacity.
Can I withdraw the savings before the two-year period?
No, the savings you deposit into the bank cannot be withdrawn before the completion of the two-year term. However, you can withdraw the extra bonus deposited by BISP.
How do I check if I am eligible for the BISP Bachat Scheme?
You can check your eligibility by visiting the official website and filling out the registration form.
How does the BISP Bachat Scheme help me save money?
The program matches your monthly deposit with a 40% bonus, which helps you save more over time.
Can I join the scheme if I do not have a bank account?
No, you must have a valid bank account to participate in the BISP Bachat Scheme.
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Conclusion
The BISP Bachat Scheme offers a fantastic opportunity for low-income families to save money while receiving a 40% monthly bonus. This initiative not only promotes financial security but also encourages a culture of savings among vulnerable households.
Eligible beneficiaries in Lahore and other districts should seize this opportunity to grow their savings with minimal effort and enjoy additional financial support in the future.
By registering for the BISP Bachat Scheme, you are not just saving for tomorrow but also contributing to your own economic empowerment today!
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