Does post office agent get commission?
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Does post office agent get commission?
Under the SAS — which covers Kisan Vikas Patra, Post Office Monthly Income Scheme, Post Office Time Deposits, National Savings Certificates, National Savings Scheme and Senior Citizens Savings Scheme — the commission given by the central government is 0.5\% or 1\% of the collection. Such agents earn 4\% commission.
How do post office agents earn?
Distributors estimate that a typical agent selling post-office schemes earns about Rs 10,000 a month in the big cities, Rs 5,000 in towns and about Rs 2,000 a month in rural areas. The agent force for some schemes such as the post-office recurring deposits is dominated by women.
How do I become a SAS agent?
- Minimum qualification is 12th Pass under 10+2 scheme or Higher Secondary or its equivalent.
- Retired person(s) from Govt., Semi Govt. Undertaking, Public Sector are also eligible for the SAS /PPF/MPKBY agency.
- SAS/PPF/MPKBY agency may be given to the person(s) who hold the agency of L.I.C/ G.I.C.
What is the interest rate of post office?
Features of Post Office Fixed Deposit Account
| Feature | Details |
|---|---|
| Rate of Interest | 5.50\% to 6.70\% |
| Minimum Deposit Amount | Rs. 1, 000 |
| Interest Payment | Annually |
| Premature Withdrawal | It is allowed after six months |
Which is best post office or bank?
The Post Office Time Deposit Account (TD) is much better than bank FD. In this, you get 6.7 per cent interest for five years. One of the most preferred investments of post office is Time Deposit Scheme.
How can I become a Mahila Pradhan agent?
An individual woman (called Mahila Agent) who being a resident of locality and sufficiently educated can be appointed agent under this scheme. Management of authorised agency system including appointment, renewal and supervision has been transferred to the State Government.