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BISP Savings Scheme
The BISP Savings Scheme is an important part of the Benazir Income Support Programme. Through this scheme, poor people have also been encouraged to save. Poor and deserving people can also save money for a better future.
It is important for women to be residents of selected districts to join the scheme. Women have to open a savings account in the bank, depositing a certain amount every month. They get about 40% profit every month, which the Benazir Income Support Program pays.
The duration of this scheme has been fixed for at least two years. If you withdraw the money before the fixed period, you will not be able to be a part of this scheme again for 2 years.
Method to Check Eligibility BISP Kaafalat 21000
How To Join The BISP Savings Scheme
To be a part of the BISP savings scheme, women must be eligible under the Benazir Kafalat program. Only women are selected for inclusion in this scheme. Women can submit an online application to become a part of it.
To submit your application, visit the official website of BISP, and provide all your information. Submit the application form along with the National Identity Card number. If you meet the eligibility criteria, you will admitted to this program.
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Conditions For Joining The BISP Savings Scheme
To be a part of the BISP Batch Scheme, women have to fulfil a few conditions. It should noted that only those women who are part of the Benazir Kafalat program can join this scheme. And are regularly receiving their aid money. To be a part of the scheme, women should have a poverty score of less than 35 and a monthly household income of less than 40,000.
If any valuable property or vehicle is registered in the name of women, they will not be able to join this scheme. All you have to do is open a savings account in the bank and deposit about 500 to 1000 rupees in this account every month. The Benazir Income Support Program will provide up to 40% profit per month. You will not withdraw this amount before the completion of the two years.
If you want to withdraw this amount before the expiry of the period, then you will not be able to be a part of this scheme again. You will be able to receive your full amount at the end of the period, you can withdraw from this scheme at any time. But then they will not be able to join again till the end of this scheme. You don’t need to deposit any fee to be a part of the BISP Savings Scheme.
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Districts Included in the BISP Savings Scheme
To be a part of the scheme, women must be residents of selected districts. The selected districts include Muzaffarabad, Islamabad, Neelam, Peshawar, Lucky Marwat, Quetta, Qila Saifullah, Multan, Lahore, Karachi, Sukkur, Istwar, and Gilgit.
Apart from these districts, women, and residents of other areas will not be able to be a part of this scheme. Benazir Income Support Program does not charge any work fee from its beneficiaries. People charging fees are frauds, you need to be careful with them.
Benazir Income Support Program is going to open bank accounts for deserving women. After which it will be even easier for you to become a part of the BISP Savings Scheme. Along with the bank account, you will also be able to open your savings account, and deposit money for your secure future.