Last Updated on: 25th February 2024, 09:55 am
BISP Bachat Savings Scheme 2024 Apply Online
The Federal Government of Pakistan has recently introduced the BISP Bachat Savings Scheme 2024 under the Benazir Income Support Programme (BISP). Announced on November 25, 2023, this initiative aims to foster a culture of savings and financial stability among eligible citizens by providing a user-friendly and accessible platform for saving money.
Discover the full details and determine your eligibility for the BISP Savings Scheme, designed specifically for existing beneficiaries of the BISP Program, as well as informal employees and daily wage laborers.
BISP Bachat Savings Scheme Details
| Feature | Description |
|---|---|
| Financial Inclusion | Open to eligible citizens across Pakistan. |
| High-Interest Rates | Competitive interest rates to encourage savings. |
| Accessibility | Convenient online application and management system. |
| Flexible Deposits | Options for various deposit amounts as per affordability. |
| Government Support | Backed by the Government for reliability and security. |
BISP Bachat Savings Scheme Online Registration New Update
Applications for the Saving bisp gov pk scheme are now being accepted through the Benazir Income Support Program. The program is currently being rolled out in various cities, including Islamabad, Muzaffarabad, Neelam, Peshawar, Lucky Marwat, Quetta, Qila Saifullah, Lahore, Multan, Karachi, Sukkur, Gilgit, and Astor.
Enter your details to submit your application; it’s important to note that the Benazir Income Support Program does not charge a fee for application submissions.
BISP بچت سکیم کے لیے درخواستیں اب بے نظیر انکم سپورٹ پروگرام کے ذریعے قبول کی جا رہی ہیں۔ یہ پروگرام اس وقت مختلف شہروں بشمول اسلام آباد، مظفرآباد، نیلم، پشاور، لکی مروت، کوئٹہ، قلعہ سیف اللہ، لاہور، ملتان، کراچی، سکھر، گلگت اور استور میں جاری ہے۔
اپنی درخواست جمع کرانے کے لیے اپنی تفصیلات درج کریں۔ یہ نوٹ کرنا ضروری ہے کہ بینظیر انکم سپورٹ پروگرام درخواست جمع کرانے کے لیے کوئی فیس نہیں لیتا ہے۔
Conditions for the BISP Savings Scheme
- Registration Requirements:
- Open a savings account with a bank.
- Monthly Contributions:
- Deposit a monthly sum ranging from 500 to 1000 rupees into the bank account.
- Additional Benefits:
- Receive an extra 40% of savings from the Benazir Income Support Program.
- Program Duration:
- Spans two years.
- Withdrawal Terms:
- Participants can withdraw the entire amount at the end of the two years.
- During the two years, withdrawal of the principal amount is restricted.
- Only the contribution from the Benazir Income Support Program and accrued interest can be withdrawn.
- Flexibility:
- Participants can exit the scheme at any time.
- Rejoining:
- Rejoining is only possible after the two-year program.
How the BISP Bachat Savings Scheme Operates
Eligibility Criteria
- Citizenship: Must hold Pakistani citizenship.
- Income Criteria: Meet the stipulated income requirements outlined by BISP.
- Valid CNIC: Possess a valid Computerized National Identity Card (CNIC).
- PMT Score: You should have a PMT Score in between 0 and 40.
Application Process
- Online Application: Visit the official BISP savings portal to initiate the online application for the Bachat Savings Scheme 2024.
- Document Submission: Upload essential documents, including CNIC and income-related details.
- Account Creation: Upon approval, a dedicated account is established with the specified deposit amount.
Advantages of the BISP Bachat Savings Scheme
- Financial Security: Ensure a secure future for yourself and your family by building a robust savings portfolio.
- Enhanced Returns: Benefit from competitive interest rates, facilitating accelerated growth of your savings.
- Government Support: Instill confidence in the scheme being endorsed by the Government of Pakistan.
- Convenient Management: Easily oversee your savings through the user-friendly online portal.
BISP also launched the One Window Digital Portal, Check here.
Final Thoughts
The BISP Bachat Savings Scheme 2024 provides a promising avenue for individuals aiming to fortify their financial future. Offering easy accessibility, government backing, and appealing interest rates, this initiative stands as an exceptional opportunity for eligible citizens to foster a savings habit and secure a brighter tomorrow.
Take the first step towards financial stability by applying online today through the official BISP website!
