How to take post office franchise? If you are thinking of doing business with low investment (How to start my own business) then this news is for you. Postal Department India Post (India Post) provides an opportunity to open post office franchise (How to open post office franchise?) and earn money. You too can earn big by taking its franchise.
New Delhi. If you are thinking of doing business with low investment (How to start my own business) then this news is for you. Despite having 1.55 lakh post offices in the country, there are many areas where there is no post office franchise. In view of this need, the postal department India Post provides an opportunity to open a post office franchise (How to open post office franchise?) and earn money.
If you also want to take this franchise, then you have to make a security deposit of only Rs 5000. Through the franchisee, you will get the facilities of booking stamps, stationery, speed post articles, money orders and these facilities will become the source of regular income of the franchisee with a fixed commission.
Who can take Franchisee- Any individual, Institutions, Organizations or other entities like Corner Shop, Paan Wale, Grocery Wale, Stationery Shop, Small Shopkeeper etc. can take Post Office Franchisee. Apart from this, newly started urban townships, special economic zones, newly started industrial centres, colleges, polytechnics, universities, professional colleges etc. can also take the work of franchise. The form has to be submitted to take a franchise. Selected people will have to sign MoU with the department. To take the franchise, India Post has fixed the minimum qualification as 8th pass. The age of the person should be at least 18 years.
How is the selection- The selection of the franchisee is done by the respective divisional head, which is based on the report of ASP / SDl within 14 days of receipt of the application. It is important to know that the permission to open a franchise is not available in such Gram Panchayats, where Panchayat Sanchar Seva Kendras are present under the Panchayat Sanchar Seva Yojana Scheme.
Who Cannot Take Franchisee- Family members of post office employees cannot take franchisee in the same division where the employee is working. Family members include the employee’s wife, real and step-children and people who are dependent on or live with the postal employee, can take a franchise.
How Much Security Deposit- The minimum security deposit for taking a post office franchise is Rs 5000. This is based on the maximum possible level of financial transactions that the franchisee can make in a day. Later this average increases on the basis of daily revenue. Security deposit is taken in the form of NSC.
These services and products will be available in the post office – stamp and stationery, registered articles, speed post articles, booking of money orders. However, money orders of less than Rs.100 will not be booked, will act as an agent for Postal Life Insurance (PLI), as well as provide after sales services such as collection of premiums, collection and payment of bills/tax/penalties Such as retail service, e-governance and citizen centric service, marketing of such products, for which the department has hired a corporate agency or has a tie-up. Also services related to it, the service to be offered by the department in future.
How to earn – The earning of the franchisee is done by the commission they get on the postal services provided by them. This commission is fixed in the MOU. Rs.3 on Booking of Registered Articles, Rs.5 on Booking of Speed Post Articles, Rs.3.50 on Booking of Money Orders of Rs.100 to Rs.200, Rs.5 on Money Orders above Rs.200, Rs.1000 per month on Registry and Speed Post 20% additional commission on booking of more articles, 5% of the sale amount on the sale of postage stamps, postal stationery and money order forms, 40% of the revenue earned by the postal department on retail services including sales of revenue stamps, central recruitment fee stamps, etc. .
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