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
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
How can I get post office agency in India?
How to become a Post Office RD agent?
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
What is the commission of post office agent?
Post Office Small Saving Schemes – Rate of Commission of Agents
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 does it cost to open a post office franchise?
1 to 1.5 Lakhs. The applicant will have to mention the minimum business generation feasibility in the location where the franchise is proposed to open. The minimum revenue generation has to be Rs. 50000 per month that will be reviewed by the department on every biannual basis.
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:
Which is the most profitable franchise in India?
15 Best Profitable Franchise In India
The applying party should have the application form, the agreement form, as well as the nomination form. Another requirement is the Pledging of NSC of a minimum of Five hundred rupees. Applicants need an affidavit attested by the magistrate or the notary on a stamp paper worth ten rupees.26-Feb-2019
What is Dak Mitra?
CSC Dak Mitra Portal has been started by CSC. All CSC VLEs are being given a new job through this portal. Through this CSC VLE can do many different types of work like Parcel Booking, Parcel Tracking, reports etc. This earns them a good amount of money.13-Aug-2022
There are two types of franchises offered by the post office. The first is a franchise outlet and the second is a postal agents franchise. You can take any of these franchises. Agents who transport postal stamps and stationery door-to-door in urban and rural areas are known as postal agents.21-Nov-2021
Can we get loan from Post Office?
At present, under the NSC and KVP rules, many depositors with the public sector banks have been getting loans by pledging their investment certificates under NSC and KVP as security. However, the department of post has not been authorised to sanction loan against such investment.21-Jun-2008
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
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Is FD in post office safe?
Guaranteed Returns: As a government backed savings scheme, the post office fixed deposit is one of the safest option of investment and offers guaranteed return.
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.
How much is a stamp?
The current price of a first-class Forever stamp is 60 cents, up 3.4 percent from the previous price of 58 cents. A first-class stamp covers the cost to mail a 1-ounce letter.11-Jul-2022
Store operators use these carriers to offer shipment services such as ground, express, international and freight. In addition, most stores generate revenue from the cost of packaging items for customers.
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 the procedure for post office franchise?