How do I get a post office RD Agency?
How to become a Post Office RD agent?
Do we get commission from post office agent if we invest money?
No Commission to Post Office Agents on PPF, SCSS & reduced in other Schemes. Decisions on the recommendations of the Committee for Comprehensive Review of National Small Savings Fund (NSSF) by finance ministry in repsect of commission to be paid to post office agents .11-Nov-2011
The interest rate for FD is slightly higher than that of RD. The interest rate varies between 5.25% to 7.90% for a tenure of one year. The rate of interest usually depends on tenure and monthly investment amount. For fixed deposit, a tax exemption under the section 80C of Income Tax Act 1961 is applicable.
What is direct agent in post office?
2,3 means an Insurance Agent engaged by the Postmaster General / Head of the Division who receives or agrees to receive payments by way of commission or other remuneration in consideration of his/her soliciting or procuring PLI/RPLI business including business relating to continuance, renewal or revival of policies of
You can earn a good amount of money every month by taking post office franchises. The good thing is that there is also a scope of bumper profits at a low cost. To start a post office franchise business, you only have to spend 5,000 rupees.03-Jan-2022
What is the benefit of post office agent?
The payment of commission to agents of Public Provident Fund (PPF) Scheme and Senior Citizens Savings Scheme has been discontinued, with effect from 1st December, 2011. Commission under all other schemes (except MPKBY Agents) has been reduced from 1% to 0.5%.04-May-2012
A fixed deposit offers the lowest risk of any investment option, whereas an MIS almost always carries some risk as a portion of the investment is in equities. On the plus side, you may get better than expected returns based on how the equities perform.
What is interest rate of RD in post office?
5.8% Per annum
0.5%
What is Post Office MIS 2022 interest?
The interest rate that is paid on the Post Office Monthly Income Scheme is 6.6% p.a. for an investment period of 5 years. The rate of interest paid is not applicable to senior citizens and those who belong to this category can invest in the Senior Citizens Savings Scheme (SCSS).
A monthly Income Scheme (MIS) is an investment scheme that promises the investor guaranteed returns at an interest rate of 6.60% per annum. These returns can be availed as fixed monthly income. Post Office Monthly Income Scheme (POMIS) is an investment scheme of the Indian postal service.
Which RD is best for 5 years?
Best RD Interest Rates for Top Banks in India
Similarly, if you want to double your money in five years, your investments will need to grow at around 14.4% per year (72/5). If your goal is to double your invested sum in 10 years, you should invest in a manner to earn around 7% every year. Rule of 72 provides an approximate idea and assumes one time investment.04-Oct-2020
Can I open RD in post office for 1 year?
(i) Account type for 1 year, 2 year, 3 year, 5 year. (ii) Account can be opened with minimum of Rs. 1000 and in multiple of Rs. 100. No maximum limit for investment.
Average India Post Agent salary in India is ₹ 2.1 Lakhs for 4 to 19 years of experience. Agent salary at India Post ranges between ₹ 1.2 Lakhs to ₹ 3 Lakhs. According to our estimates it is 75% more than the average Agent Salary in Government / Public Administration Companies.25-Jan-2022
How can I become a PPF agent?
1 Minimum qualification is 12th Pass under 10+2 scheme or Higher Secondary or its equivalent. 2 Retired person(s) from Govt., Semi Govt. Undertaking, Public Sector are also eligible for the SAS /PPF/MPKBY agency. 3 SAS/PPF/MPKBY agency may be given to the person(s) who hold the agency of L.I.C/ G.I.C.24-May-2016
Standardised Agency System (SAS) was introduced by the Government w.e.f. 01.10. 1960 to appoint authorised agents to canvass for the sale of specified National Savings Schemes. Under the agency system, an adult individual is eligible for appointment as authorised agent.
How much I can earn from post office franchise?
Rs. 3.5 per money order booked. 20% extra commission on the booking 1000 or more speed post, registered post or both articles booked. 5% commission on the sale of postal stamps, money order forms and other stationery.
The post office monthly income scheme provides a guaranteed monthly income at an annual interest rate of 7.7%. The monthly income plan is a mutual fund in which the money is invested. The investments are in the ratio of 20:80 for equity-debt instruments.
How do I start a postal service?
Visit Your Local Post Office The Postmaster will review your deed and identification, then provide you with paperwork to fill out on site. The Postmaster will photocopy everything to file with the paperwork. In many cases, the postal service will begin mail delivery almost immediately after processing your paperwork.06-May-2021
How do I get a post office RD Agency?