Is Indian post franchise profitable?

Now, in a wonderful opportunity by the Post Office, you can earn lakhs of rupees every year by starting a new business at a cost of just Rs 5,000. By taking a franchise of Post Office, you can make money. There are currently about 1.55 lakh post offices in the country but there are still no post offices everywhere.21-Nov-2021

What is the procedure for post office franchise?

The selected franchisee will sign a Memorandum of Agreement with the Department .Criteria for selection have been fixed considering the need to select persons with the capacity to manage and market a range of products, along with a sense of the community needs and public aspects of the job, and willingness to accept

How can I get post office agency in India?

How to become a Post Office RD agent?

Application Form for India Post Agent.
Agreement form.
Nomination form.
An affidavit which is attested by the Magistrate for Rs.
Two character certificates.
Two recent passport-size photos. (
A photocopy of the SAS agency.
Address proof documents, birth documents, ration cards, etc.

What is the commission of Post Office franchise?

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.

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 much do post office agents earn?

Distributors estimate that a typical agent selling post-office schemes earns about Rs 10,000 a month in the big cities, Rs 5,000 in towns and about Rs 2,000 a month in rural areas.25-Nov-2011

Which is the most profitable franchise in India?

12 Most Profitable Franchise Business Opportunities In India

Tumbledry.
Subway.
Giani's.
Jawed Habib Hair and Beauty Ltd.
InXpress.
DTDC Courier And Cargo Ltd.
Lenskart.
FabIndia.

How can I get India Post Payment Bank franchise?

All you need is: A current account with IPPB.Who Can Become a Merchant?

Kirana Store.
Mobile Recharge Shop.
Food Kiosk.
Travel Agency.
Tea Stall and many other unorganized retail outlets.

What is Dak Mitra?

CSC DAK MITRA – India Post Parcel / Speed Post Booking Franchise. Post Office Franchise Through CSC | CSC Post Office Parcel booking Id | CSC Now CSC VLE Can Book Speed Post / Registered Parcel of India post Through CSC Portal | CSC DAAK MITRA ID.13-Aug-2022

How can I become a PLI agent?

Educational Qualification – The applicant must possess the minimum qualification of a pass in 12th standard or equivalent examination conducted by any recognized Board/Institution, where the applicant resides in a place with a population of 5000 or more as per last census and a 10th pass or equivalent examination form

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

How can I be a LIC agent?

Start-up in 5 easy steps!

1 Fill in application form.
2 Submit necessary documents like:- Photo, Age Proof, Address Proof, Qualification Certificate.
3 Undergo preparatory training for appearing in the Insurance Agency Examination.
4 Pass the Examination.
5 Receive Letter of Appointment from LIC and become an LIC Agent.

How does the post office make money?

Also, be aware of the interest rates associated with any of these plans.

Post Office Time Deposit.
Post Office Savings Bank Account.
Post Office Recurring Deposit.
Post Office Monthly Income Scheme.
Post Office Senior Citizens Savings Scheme.
Post Office PPF.
Post Office Sukanya Samriddhi Account.

Is shipping a good business?

Shipping is a rapidly growing business opportunity and can be profitable for both independent businesses and franchises. For those who prefer a turn-key approach to business, a franchise like a UPS Store, can provide owners with quick earning potential in the postal and business services industry.

Is the Post Office a private business?

The USPS Is a Public Service, Not a Business.06-Apr-2021

How do I bid on a postal contract?

In order to be eligible to bid on a USPS contract, you need to fill out PS Form 5436 (also known as Mailing List Application – Mail Transportation Services) and send it to the correct office based on your ZIP code.25-Jun-2019

What is LIC agent commission?

There isn't any fix salary from the LIC for the agents. Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.

What is the benefit of post office agent?

In the case with PPFA, which covers the Public Provident Fund (PPF) the commission is also one per cent. It is the highest for agents of the MPKBY who operate the Post Office Recurring Deposits Scheme. Such agents earn 4 per cent commission. Experience Your Economic Times Newspaper, The Digital Way!09-Jun-2011

What is the commission percentage of post office agent?

Such agents earn 4% commission.09-Jun-2011

What is the cheapest franchise to buy?

The 8 Cheapest Franchises to Buy in 2020

Cruise Planners. Franchise fee: $10,995.
Jazzercise. Franchise fee: $1,250.
Help-U-Sell Real Estate. Franchise fee: $15,000.
United Country Real Estate. Franchise fee: $8,000 to $20,000.
Stratus Building Solutions.
Anago Cleaning Systems.
JAN-PRO.
Dream Vacations.

Which franchise is best and cheapest?

The Best Low-Cost Franchise Businesses—

Himalayan Range. The Himalayan range is a kitchenware brand that has expanded to become a global brand.
Bean Beans. Bean Beans is a well-known cafe in Allahabad that has won numerous honours.
Jugnoo.
American Kidz.
Cheops.
Archies.
Franchise of PMKVY.
Scoop Amul.

Is Indian post franchise profitable?