India Post Franchise Scheme | Fusion - WeRIndia

If you want to earn good returns on low investment, start the Franchise of the India Post.

India Post offers two types of franchises. One is a franchise outlet, and another is a postal agents franchise.

To get a franchise, you have to make a security deposit of ₹5,000. The security deposit will be increased proportionately with the increase in revenue. In other words, if the average daily revenue increases, the security deposit will also be increased.

Franchises will receive a commission on the services provided. They offer the sale of postal stamps and stationery, revenue stamps and CRF stamps, booking money orders, speed post and registered articles. They will receive ₹2 each on booking of registered articles and speed post articles as commission. If the bookings exceed 1000, then they will be given 20% additional commission. On booking of money orders with a value of over ₹100, they will earn ₹3.50.

On the sale of postage stamps and stationery, they will get 5% on the sale value and 40% on revenue stamps and CRF stamps.

Eligibility criteria to take the franchise:

• Any Indian citizen aged above 18 years can apply for a franchise. There is no upper limit.
• Preference will be given to postal pensioners and those who have computer facilities.
• The applicant should have passed at least class 10th from the Board of School Education or Board of Secondary Education.

Procedure to apply for the franchise:

• Obtain the application form from a nearby post office.  Or you can download it from the website of the Department of Posts.
• Fill in the required application form and submit it along with a detailed business plan. The plan should have all proposed activities to be undertaken in the franchise.
• The selected franchise shall sign a Memorandum of Agreement (MoA) with the postal department after submitting the form.
• The concerned Divisional Head selects the candidates finally and informs them within 14 days from the date of form submission.

Image by Vijayanarasimha from Pixabay (Free for commercial use)

Image Reference: https://pixabay.com/photos/india-post-logo-271260/