look news india
India Post is committed to providing universal service to postal facilities across the country. India has the largest postal network in the world with over 1.55 lakh post offices. 89% of these post offices are in rural areas and yet the demand for post offices remains. There is a continuous demand from customers to open more post offices and this demand is especially high in newly developing cities. To meet this demand, a new franchise scheme is being launched from 1 February 2024 to set up post office franchise outlets.
Will these services be available in franchise outlets?
Inland Speed Post, Non-COD (Documents and Parcels), Inland Registered Letter, E-Money Orders
Booking, sale of postage stamps and stationery
Retail services include sale of revenue stamps, Central Recruitment Fee stamps etc.
Act as a direct agent for postal life insurance products and provide after-sales service including collection of premium.
How to become a franchisee?
Applicants for franchise must apply in a prescribed format. Individuals above 18 years of age as well as institutions/organizations/other entities like corner shops, panwalas, kiranawalas, stationery shops, small shopkeepers etc. can also open franchises. However, in view of the need to select persons who will manage and market the products, no upper age limit has been fixed. The individual/organization will agree to India Post.
To have passed 10th class from a recognized school 10 thousand rupees will have to be deposited , A person having good knowledge of local language and English, computer literate, working knowledge of smartphones and having a valid PAN number can apply to become a franchisee. The applicant will have to deposit only Rs 10,000/- as security deposit in the post office.
Commission to the franchisee?
This way the franchisee will earn commission. For each registered letter Rs. 3.00, Rs. Rs.5.00 for every money order of value above Rs.200/- and 5% commission on sale of postage stamps and stationery. The commission rate for speed post items booked is very attractive and the franchisee will get a profit of 7% to 25% of the monthly business done by him.