What is the agent commission in post office schemes?
Post Office Agent Commission
The post office agent's job entails assisting the general public in booking letters, selling and collecting Insurance premiums, sales of Postal Bond Fixed Deposits, and so on, i.e., all kinds of monetary deposits, and policies.26-Feb-2019
Which scheme is best in post office 2022?
Post Office Savings Account Interest Rate 2022
10 years and 4 months
How much commission does agent get on NSC?
0.5%
The fixed and recurring deposits are very similar but can be differentiated by how money is invested. High-interest rates and a tax-saving facility are some of the best benefits of an FD. A recurring deposit is best for those who prefer to invest small amounts.
How can I be a postal agent?
How to become a Post Office RD 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 post office insurance agent?
Walk-in-interview:- the willing eligible persons will attend “walk-in-interview” along with their bio-data and requisite certificates on given date and time. 5. Fee: - A sum of Rs250/- each (non-refundable) for licence/provisional licence as 'licence fee' with the dept. The fee for renewal of licence is Rs100/- only.
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%
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?
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
Comparison of the Various Post Office Savings Schemes
What is the bank interest for 50000?
The monthly interest on a ₹50,000 fixed deposit in a bank normally ranges from 3 percent to 6 percent every month.
Post Office Small Saving Schemes – Rate of Commission of Agents
Do post offices get commission?
Under the new proposals, main branches will get 18% of the price of Special Delivery Parcels where branch Post Offices will get just 13%. For First Class parcels the remuneration will be 16% and 12% respectively. Second Class and ParcelForce will offer 13% to main Post Offices and 9% to Post Office branches.27-Apr-2021
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).
Is FD tax free?
A tax saving FD or Fixed Deposit is a financial investment instrument offered by banks & NBFCs where you can deposit money and get a higher rate of interest than a normal savings account. Your investments under this scheme are exempt from tax deductions as per section 80C.
Best 2022 FD Interest Rates for Below Rs.2 Crore for 3-Year Tenure
Is RD tax free?
Is RD interest taxable?: Recurring Deposits attract no tax exemptions. Income tax has to be paid on the Interest amount received from Recurring Deposits. The tax has to be paid at the rate of the tax slab of the RD holder.
What is the agent commission in post office schemes?