India Post Office Franchise: Eligibility, Model, Investment, Commission, Applying Process

By Startup Authority December 6

Having a well-established postal delivery service and network, India has over 1.55 lakh post offices. They are operating regularly and very actively for the service of people in the country.

What Services are Offered in the India Post Franchise Outlet?

Post Office means services. The more quality services you offer the better your franchise grows in the market. The basic services that are offered by such franchises must be done with utmost care and with respect. Here are the services offered in the Post Office franchise:-

The Post Office franchise will need to sell stamps and stationery
Agents in the franchise will sell Postal Life Insurance and will give after-sale services
Retail services like bill/tax/fine collection are done
Daily bookkeeping must be done

Basic Criteria for Selection of Franchise Outlet

Eligibility criteria is the basic requirement that must be met. The eligibility criteria set are very simple but, must be followed strictly. Here are some of them:-

The minimum age criteria to apply for the franchise is 18 years old
Sth class pass is the minimum education qualification
You must live within the service postal area
The family members who are into postal services will not be allowed

Is Training Provided by the Post Office?

Starting a post office franchise without any experience can be very difficult. Even if you have a little knowledge still people will face lots of difficulties. Looking at this, the officials do offer training to Post office franchises.

Introduction to all the objectives, products, and services will be properly done
The proper way to treat and greet customers training are given
Briefing regarding the work is done by the sub-divisional inspector

What is the Post Office Franchise Postal Agent Scheme?

India Post Franchise Scheme is a scheme that was initiated by the Department of Posts in India. This scheme was introduced in the country only to increase the access of Postal services in urban and rural areas, especially for the rural areas. This is such a good initiative taken by the Department of Posts in India. Interestingly, they have allowed people to take up a franchise option as well.

Features and Benefits of the Post Office Franchise Postal Agent Scheme

There are certain benefits of the Post Office Franchise Postal Agent Scheme. Here are the features and benefits:-

The daily deliveries must be made by the postal franchise
The agent will get a commission after each parcel is made
Other perks are covered for the agents who are in the service

What Kind of Products and Services are Offered in the Postal Agent?

This franchise is highly known for its quality service but, you do get products as wel. Here are the products offered in the Postal agent:-

Letter
Book packet
Insurance
Registration
Parcel
Stamp

Services offered in Postal Agent:-

Delivery of letters, postcards, parcels and many more

Branding of Franchise Outlets and Postal Agents

Branding of your franchise and postal agent must be done. Here are some ways of how you can do them:-

Local Targeting
Hoardings
Pamphlets
Leaflets
Newspaper advertisement
Banners

Advertisement and Publicity

The advertisement of your postal franchise and agent will be done using the above methods. Make sure to give your products and services that are on offer for more customer attraction.

Documents Required

Here are the documents required:-

Personal details
Aadhar Card, PAN Card
Franchisee will need to sign Memorandum of Agreement
Licenses

Commission List for All the Services

The commission list for all the services is given below:-

National Savings Time Deposit (1,2,3,4, and 5 years)- 0.5%
National Savings Recurring Deposits- 4%
National Savings Monthly Income Account-0.5%

How to Apply for the Indian Post Office Franchise?

The application procedure to apply for this franchise is very easy and simple. Make sure to follow the steps given below:-

There is a format in which applicants need to submit their application form
Applicants have to get the scheme from the office and have to fill out the format along with copies of detailed proposal
Franchisee needs to sign a Memorandum of Agreement
You need to provide a detailed report of the activities undertaken in the franchise outlet
The selection of your franchise will be made by Divisional Head based on report from the ASP/SDL within 14 days
You will get the permission if everything goes right

Its always been a great opportunity, when you start your business with the government. Nowadays, almost everyone looking for a business rather than working with MNC or any job.

But due to fear of failure, no one moves toward business. don't worry, here is the best business opportunity for you. You can start your business with India Post Franchise Business and you can earn money from day one.

India post franchise business is a great way to work with India's largest postal services, by this you can earn money on the commission basis and also you can get around 40% of commission with some service sales.

Who can take the franchise?

To get the India post franchise, you need to deposit 5000 Rs as security amount but this depends on total possible maximum financial of a day. so it might me be possible to get increase the same based on daily revenues.

For more details about this business, You can check our business video

India post put this money like a security deposit as NSC. Appointment of franchise person is done by selection division head. Post the application, within 14 days selection takes place based on ASP/SDI report.

A rule for the franchise:

If you are looking for India Post Franchise Business, you must have to follow these rules

Submit the duly verified application
Need to sign MoU post the acceptance of the application.
You should have at least 8th standard pass as the minimum qualification
Your age should be 18 Years.

Who can take Franchise

As per India post franchise business rules, anyone can take the franchise. from an institute to school, shopkeeper to professional anybody can have this franchise opportunity.

For Post Office employee:

If you are a post office employee, you can also take the franchise but there is a restriction for you. You can not open this business within any division of service.

Let's try to understand, how you can start earning via India post office franchise business. Check the below the details about the commission structure.

3 Rs for each registered article booking
5 Rs on speed post article booking
3.5 Rs on 100 to 200 Rs Money order booking
5 Rs for all the above money order booking
20% Addon commission for several registries and speed post more than 100 each month.
5% commission on Posted Stamps, Postal stationery and for all money order sales amount
40% commission on Revenue stamp, central recruitment fee stamp and other retail services

For more details about India post franchise business