What is a post office agent?

14.4 Role of the Post Office Agent. The GroupWise Post Office Agent (POA) delivers messages to users' mailboxes, connects users to their post offices in Online mode, updates post office databases, indexes messages and documents, and performs other post office-related tasks.

What is the commission of post office agent?

Post Office Small Saving Schemes – Rate of Commission of Agents

How can I become post agent?

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.

How much does postal agent 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

How do I start a post office agency?

Franchise Scheme

Sale of stamps and stationery.
Booking registered articles, speed post articles, money orders.
Functioning as an agent for Postal Life Insurance (PLI) and provide related after sales service, including collection of premium.

Is money safe in post office?

Is Post Office investment safe and tax-free? Ans. Yes, it is safe as investments under Post Office bear sovereign guarantee of Government of India. All these schemes are tax exempt up to a certain limit and some schemes like PPF, Sukanya Samridhi Yojna have tax benefits on returns as well.02-Aug-2022

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 do I become an IPPB agent?

All you need is: A current account with IPPB. Any smartphone with android version 5.0 or higher.If you fall under any of the categories listed below, you can become an IPPB Merchant:

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

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

How much profit does a post office franchise make?

Franchise Business can be opened anywhere from villages to towns. By joining this you can earn an average of 50000 rupees every month. However, to open India Post, you only have to invest 5 thousand rupees.22-Oct-2020

Which is the most profitable franchise in India?

15 Best Profitable Franchise In India

Amul – Profitable Franchise.
KFC – Most Profitable Franchise.
Domino's Pizza.
DTDC.
KidZee.
Café Coffee Day.
Dr. Lal Pathlabs.
Patanjali – Most Profitable Franchise Business.

Is Indian post office franchise profitable?

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. There are two types of franchisees like this scheme.03-Jan-2022

Which is better bank or post office?

Apart from banks, FD schemes are also provided by Post Offices. While comparing the rate of interest offered by the State Bank of India fixed deposits for a tenure of five years and post office term deposits for the same tenure, the difference comes to around 1.2%.03-Apr-2022

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 7.7%, he will receive a fixed monthly payout of Rs. 641.66.How Post Office Monthly Income Scheme Works?

How many years FD will double in post office?

10 years and 4 months

How do I become a small saving 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

How do I become a SAS agent?

Required Documentation

You need to fill and present the application form, the agreement form, and the\ nomination form.
Also, you need to exhibit the Form of Fidelity guarantee insurance for SAS and pledging of minimum Rs.
An affidavit attested by Magistrate or the notary on the stamp paper of ten rupees only.

What is the full form of SAS?

1. The SAS system. SAS stands for the Statistical Analysis System, a software system for data analysis and report writing. SAS is a group of computer programs that work together to store data values and retrieve them, modify data, compute simple and complex statistical analyses, and create reports.

Is IPPB private or govt?

INDIA POST PAYMENTS BANK LIMITED, a public limited company wholly owned by the Government of India through Department of Post under Ministry of Communication and set up under the Companies Act, 2013, and the Banking Regulation Act, 1949 as a Payments Bank under the Department of Posts and in line with relevant

Is IPPB a central govt job?

It is a government-owned banking sector undertaken by the Department of Posts. IPPB conducts a recruitment exam to recruit eligible candidates for respective designations in IPPB.

How do I start a payment bank?

The payments bank shall be required to maintain a minimum capital adequacy ratio of 15 per cent of its risk weighted assets (RWA) on a continuous basis, subject to any higher percentage as may be prescribed by RBI from time to time. Tier I capital should be at least 7.5 per cent of RWAs.

What is a post office agent?