Online Registration Method for the BISP Bachat Scheme 2024 [Get 40% Extra]

Last Updated on: 2nd May 2024, 12:11 pm

Here’s your comprehensive guide to the Benazir Income Support Program Bachat Scheme:

Step-by-Step Guide to Register for BISP Savings Scheme

1. Check Your Eligibility: Before you begin, ensure your eligibility by visiting the official BISP Bachat Scheme website.
2. Visit the Official Portal: Head to the designated portal to initiate your application. Remember, only applications through the official portal are considered valid.
3. Fill in the Application Form: Provide accurate details in the online form. Verify all information before submission to avoid any discrepancies.
4. Submit Your Application: Once you’ve completed the form, submit it through the official portal.
5. Await Confirmation: After submission, patiently await confirmation from the BISP team.
6. Open a Savings Account: Upon successful application, open a savings account at your preferred bank.
7. Deposit Monthly Savings: Every month, deposit a savings amount ranging from 500 to 1000 rupees into your bank account.
8. Receive Additional 40% Savings: Enjoy an additional 40% boost to your savings courtesy of BISP.
9. Duration of the Scheme: The scheme lasts for two years. At the end of this period, the entire amount becomes withdrawable.
10. Withdrawal Terms: Throughout the two years, the principal amount remains non-withdrawable. However, contributions from BISP and accrued interest can be withdrawn.
11. Withdrawal Flexibility: You have the flexibility to withdraw from the scheme at any time. Rejoining, however, is only possible upon scheme completion.

Also Read: BISP to Open 1 Crore New Accounts for 10500 Payment (April-June)

Requirements for the BISP Bachat Scheme

• The savings scheme is currently launching in specific districts: Islamabad, Muzaffarabad, Neelam, Peshawar, Lucky Marwat, Quetta, Qila Saifullah, Lahore, Multan, Karachi, Sukkur, Gilgit, and Astor.

Application Requirements

• No Application Fee: There are no charges associated with applying for the scheme.
• Eligibility Assessment: Applicants are evaluated based on the Poverty Measurement Tool (PMT) score.

Also Read: Key Difference Between 6000 Ehsaas Himmat and Nigehban Card

Conclusion

The BISP Bachat Scheme presents a groundbreaking opportunity for individuals in eligible districts to bolster their financial stability while receiving governmental support. By following these steps, you can seamlessly apply online for the scheme, benefiting from the added incentive of a 40% bonus from BISP. Seize this chance to secure your financial future and elevate your standard of living. Apply today and embark on the journey toward a brighter tomorrow.

Also Read: 10500 BISP Next Payment Date Announced for May 2024

Frequently Asked Questions

• Residence Eligibility: The scheme is exclusive to the mentioned districts; residents outside these areas are not eligible.
• Age Restriction: Individuals of all age groups can participate, provided they meet the eligibility criteria.
• Application Status: Successful applicants will be notified via provided contact information and can also check the application status on the official BISP portal.
• Deposit Amount: Participants can deposit more than the minimum amount to maximize savings and scheme benefits.