The Benazir Income Support Program (BISP) has introduced the BISP Savings Scheme, aimed at supporting those already receiving support from BISP and those working in informal jobs. This new plan provides a step-by-step guide on completing the registration process and other essential details. To benefit from this scheme, individuals must read the entire article to understand eligibility requirements, registration process, and other important details. BISP members and those with informal jobs can take advantage of this new initiative.
Eligibility Criteria
BISP beneficiaries can join the savings program, which is only open to those already receiving assistance from BISP and those working in informal jobs. Those who are currently receiving BISP payments or working in informal jobs and have a PMT score between 0 and 40 are eligible to join.However, those not already BISP beneficiaries must complete the NSER survey to receive benefits. No other specific requirements are required for joining the scheme.
How to Complete the BISP Savings Scheme Registration Process?
BISP is a savings scheme that allows individuals to earn a profit of 40% on deposits between Rs. 500 and Rs. 1,000 per month. To join, individuals must open a BISP savings account at their nearest National Bank branch and deposit Rs.500 or Rs.1000 into the account. To qualify for the scheme, individuals must meet all the conditions when signing up. The scheme lasts for two years, and at the end of the two-year period, all money, including the profit, can be withdrawn. To join, individuals must meet all the conditions and open a savings account at their nearest National Bank branch.
Conclusion
The BISP Savings Scheme is a significant initiative empowering beneficiaries and individuals in informal sectors. It offers a 40% profit on monthly deposits ranging from Rs. 500 to Rs. 1,000, providing financial stability and promoting a culture of savings. Read More