How much commission does a post office agent get?

Post Office Small Saving Schemes – Rate of Commission of Agents

What is agent commission in post office Rd?

It is the highest for agents of the MPKBY who operate the Post Office Recurring Deposits Scheme. Such agents earn 4% commission.20-Jan-2013

Which scheme is best in post office 2022?

Post Office Savings Account Interest Rate 2022

How do I become a post office agent commission?

By submitting your documentation to the district office for consideration, you can start the process of becoming an agent. The District Collector or other appointing authority will then determine whether you're ideal for the position or not. Once you're approved, you can begin your work as an agent.26-Feb-2019

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

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).

What is interest rate of RD in post office?

5.8% Per annum

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

Can I double my money in 5 years?

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

Which is the highest interest in post office?

6.70%

What is the interest of 1 lakh in post office?

1 lakh in the scheme, with a maturity period of 5 years. At the annual interest rate of 6.6%, he will receive a fixed monthly payout of Rs.How Post Office Monthly Income Scheme Works?

What is post office franchise?

The India Post Franchise Scheme was initiated by the Department of Posts to provide increased access to Postal services in both urban and rural areas. In order to meet the demand for Post Offices, the Department provides postal services through India Post Franchise Scheme.

What is SAS agency?

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 can I become a postal agent in Delhi?

Minimum qualification is 12th Pass under 10+2 scheme or Higher Secondary or its equivalent. Retired person(s) from Govt., Semi Govt. Undertaking, Public Sector are also eligible for the SAS /PPF/MPKBY agency. SAS/PPF/MPKBY agency may be given to the person(s) who hold the agency of L.I.C/ G.I.C.

Which scheme is best in Post Office?

Public Provident Fund (PPF) PPF is a long-term investment for a period of 15 years currently offered at an interest rate of 7.1% per annum (compounded yearly). The maximum amount under this scheme is Rs. 1,50,000 in a financial year.30-Sept-2022

How many years FD will double in Post Office?

10 years and 4 months

Which scheme is best for monthly income in Post Office?

Post Office Savings Account(SB)
National Savings Recurring Deposit Account(RD)
National Savings Time Deposit Account(TD)
National Savings Monthly Income Account(MIS)
Senior Citizens Savings Scheme Account(SCSS)
Public Provident Fund Account(PPF )
Sukanya Samriddhi Account(SSA)

Which is better FD or MIS?

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.

How can I get 10000 interest monthly?

How can you earn a monthly income of Rs 10,000? If you want to earn a monthly income of Rs 10,000 then you will have to make a deposit of Rs 5,07,964. On the amount that you deposited, you will get a return from the interest rate of 7 percent, which comes to Rs 10,000 every month.16-Jun-2021

Which is better NSC or FD in post office?

Both NSC and FD offer assured returns for your investment. A fixed deposit will have more flexibility in terms of the tenure of the deposit. The initial amount deposited in an NSC will not be taxed. Senior citizens can avail of additional benefits for both NSC and FD accounts.