Post Office Franchise
To start a post office franchise business is a profitable venture, especially for those living in rural areas. Through post office franchise scheme, you will be able to provide counter postal services with defined time schedule in regions where post offices cannot be opened.
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The Department of Posts has started the India Post Franchise Scheme to provide enhanced postal services to people living in rural as well as urban India.
Under the Post Office Franchise Scheme, any individual can open a post office by depositing small amount and following the basic process. Post office is a successful business model and it earns a lot of money. The post office mainly offers two types of franchises.
You can also have a look at: Best Post Office Scheme: Invest Rs 100 Every Month & Get 21 Lakh after Five Years; Details Inside
Types of Post Office Franchise
India Post offers 2 types of franchisees through its franchise scheme:
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Counter services through Franchise Outlets in areas where there is a demand for postal services, but a post office cannot be opened.
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Sale of postal stamps and stationery through Postal Agents in urban and rural areas.
Through franchise outlets, you will have to provide post office facilities in those parts of India where there are no post offices. Secondly, through postal agents, you have to deliver postal stamps & stationery from door to door in urban and rural areas.
How much Investment is required
For getting a post office franchise, you have to deposit a security amount of Rs. 5000, after which the post office gives you commission according to your work. You have to sign a Memorandum of Agreement by filling the a form.
How much Area Required
If you look at the conditions for opening a post office, then at least 200 sq. ft. of office area is necessary. The age of the person who wants to open a post office should be at least 18 years. Also he or she must be 8th pass and also no member of the family should be in the postal department.
Commission
On becoming a franchise partner of the postal department you will start getting commission from the department.
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For per Speed Post: Rs 5
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For 100 - 200 Rupees Money Order: Rs 3.50
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For More than Rs 200 Money order: Rs 5
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For Postage Stamp, Postal Stationery, Money Order form: 5 percent commission
Click on its official link to Apply for Franchise: https://www.indiapost.gov.in/VAS/DOP_PDFFiles/Franchise.pdf.
