BISP Bachat Scheme Apply Online | Eligibility Criteria Check

BISP Bachat Scheme

BISP Bachat Scheme: You can get all the information about the Benazir Income Support Program (BISP) Bachao Scheme here. Verify the eligibility requirements. The Benazir Income Support Program (BISP) is called BISP. It was created in 2008. The headquarters of BISP are in Islamabad, Punjab, Pakistan. BISP is the largest social security program. It was founded to help the underprivileged. Poverty reduction in Pakistan is another goal of the program. This post will look at every detail of the Benazir Income Support Program Bachao Plan.

BISP Bachat Scheme Apply Online

The Pakistani government’s savings scheme was introduced to promote savings habits among its people, especially low-income households. Islamabad, Muzaffarabad, Neelum, Peshawar, Lakki Marwat, Quetta, Qila Saifullah, Lahore, Multan, Karachi, Sukkur and Gilgit are among the twelve major cities where it is currently operating. Through this program, people can save money and get additional benefits.

Those participating in the program can earn an additional 40% on their first deposit. For example, after two years, a depositor of Rs. 500 will get Rs. 700. It is a desirable choice for those who want to protect their cash due to this substantial return.

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Furthermore, by promoting financial inclusion, the program makes it possible for more people to participate in government savings initiatives. The savings scheme is becoming a reliable way for people to grow their savings and support a culture of financial stability in Pakistan by providing a simple mechanism and guaranteed benefits.

Registration Process For New Scheme

Below is a detailed description of the registration procedure for the Benazir Income Support Program Savings Scheme.

• To participate in the savings scheme, you must first open a savings account in any UBL or HBL bank.
• After opening your bank account, you must deposit between Rs. 500 and Rs. 1000 every month.
• The program runs for two years.
• You will receive an additional 40% in your account after two years.
• You can leave the program whenever you choose, but you cannot return until the program period ends.

How To Online Apply For the Bachat Scheme?

• Go to the BISP Benazir Income Support Program website.
• If you are not familiar with the BISP website URL. Use the Google search engine to search for “BISP”.
• Click on the first link. You are now on the BISP homepage.
• After entering the Bachat Scheme in the search bar, click on the search button.
• You will be redirected to the Bachat Scheme page on the BISP website.
• After entering your bank savings account number and national identity card number, click on the “Apply” button.
• After two years, you will get an additional 40% as a member of the Bachat Scheme.

Eligibility For the Benazir Scheme

• You need CNIC to participate in the BISP Savings Plan.
• Photocopy of B Form.
• Passport-size photographs.
• No history of outstanding loans.
• Less than Rs. 60,000 per month
• Applicant cannot work for the government.
• The applicant needs to reside in Pakistan.

BISP Bachat Scheme Cities