The Post Office offers a few plans for Indian residents hoping to procure great profits from their well deserved investment funds. While such speculation plans are exceptionally famous among individuals, do you have any idea that the Post Office likewise offers the chance to go into business by laying out another franchise. With an ostensible speculation, one can open a Post Office franchise and procure nice pay through the few commissions advertised.
Franchise valuable open doors presented by post office
A lot of cash is there to be made with a speculation of just Rs 5,000 with the Post Office establishment plot. Regardless of the 1.56 lakh mail center branches spread all over India, there is still interest for new outlets. Because of this need, two kinds of franchise models are presented by the mailing station – Franchise outlets and Postal Agents.
Franchise outlets can be opened to offer counter administrations where there is need however a branch can’t be laid out. Then again, people can likewise become postal specialists who sell postal stamps and writing material in both metropolitan and provincial areas.
Qualification for taking a Post office franchise
There are sure boundaries to decide whether an individual is qualified to begin a post office franchise:
Age standards: An individual taking a franchise ought to be over 18 years old.
Ethnicity: The franchise can be settled on by any resident of India
Educational Qualification The individual ought to have cleaned Class 8 off of a perceived school.
There are sure circumstances for ineligibility like relatives of postal representatives who are in help can’t profit the franchise plot. Then again, people or assortment of associations and substances can take up the plan.
This incorporates corner shops, paanwalas, kiranawalas, writing material shops, little businesspeople, and so on in metropolitan and country regions and new forthcoming metropolitan municipalities, unique financial zones, significant parkway projects, impending new modern centres, schools, polytechnics, colleges, proficient universities and so on, according to India Post.
Profit with Post Office franchise scheme
With a post office franchise business, people can procure great returns through commission which is fixed for various administrations as beneath:
- For booking enrolled articles, a commission of Rs 3 for every exchange is set.
- For booking speed post articles, the commission per exchange is Rs 5
- For cash orders, Rs 3.50 commission will be brought in on appointments of cash request between Rs 100 and Rs 200 while a cash request above Rs 200 will bring Rs 5 commission for every exchange.Franchise specialists won’t book cash orders not as much as Rs 100.
- Accomplishing a month to month focus of 1000 enrolled and Speed Post appointments will bring extra commission of 20%.
- At a bargain of postage stamps and writing material, the commission is set at 5% of the deal sum.
- For retail benefits including offer of income stamps, focal enlistment charge stamps and so on, commission is set at 40% of the profit made by the Department of Post. This sum will be adjusted in rupees to be at 40% or less.
- At long last, on month to month business from enlisted bundle and speed post package, independently, it are set to follow commissions.
Month to month business sum
| Monthly business amount | Speed post parcel | Registered parcel |
| Up to Rs 5,00,000 | 10% | 7% |
| Rs 5,00,001 to Rs 25,00,000 | 15% | 10% |
| Rs 25,00,000 to Rs 1,00,00,000 | 20% | 13% |
| Rs 1,00,00,000 to Rs 5,00,00,000 | 25% | 16% |
| Above Rs 5,00,00,000 | 30% | 20% |
Applying for Post Office franchise scheme
To apply for the franchise plot with post office, people should follow specific advances:
- An application form for franchise should be filled including a field-tested strategy portraying exercises that will be embraced at the power source and submitted.
- This application forme can be acquired from the post office. Accommodation is expected to likewise incorporate duplicates of nitty gritty proposition. This form is additionally accessible for download from the Department of Post official site.
- The postal division and the franchise candidate will consent to a Memorandum of Arrangement (MoA)
- The determination will be concluded by particular Divisional Heads. This will require as long as 14 days from the date on which the application form was submitted.
