What is the commission for post office agent?
Post Office Agent Commission
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% commission.09-Jun-2011
How much commission does agent get on NSC?
0.5%
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
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 to become a Post Office RD agent?
What is interest rate of RD in post office?
5.8% Per annum
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).
How much profit does a post office franchise make?
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.
Post Office Small Saving Schemes – Rate of Commission of Agents
What is KVP scheme in post office?
Kisan Vikas Patra is a government-backed instrument and offers complete security and guaranteed returns. The amount that you will receive at the end of the term is declared on the certificate, which offers security on your investment and the amount that you will receive at the end of the term.30-Sept-2022
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.
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?
Post Office Savings Account Interest Rate 2022
How many years FD will double in Post Office?
10 years and 4 months
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 FD is better post office or bank?
The bank FDs have flexible tenures ranging between 7 days and 10 years, whereas post office schemes can be stretched only up to five years.19-Aug-2022
Compared to HDFC Bank and SBI FDs, Post Office is providing a higher interest rate. On booking a term deposit of 5 years at a post office, you can get up to 6.7% interest. For tenors up to 1 to 3 years, Post office is providing 5.5% interest.05-Sept-2022
What is a post agent?
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. Related Read: Benefits of DOP Agent Software For India Post Agent.26-Feb-2019
a. Outsourced Postal Agents (OPAs) scheme will be applicable for Registered Post (including Parcels), Business and Express Parcel and Speed Post (domestic) articles and will replace the existing scheme of Outsourced Agents present applicable for Speed Post.13-Aug-2016
What is the salary of postal life insurance agent?
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 Companies.25-Jan-2022
What is the commission for post office agent?