Post Office Franchise: Start business with Post Office for Rs 10,000, you will earn bumper every month..

India Post is committed to providing universal service for postal facilities across the country. India has the largest postal network in the world, with more than 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 the 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?
Booking of Inland Speed Post, Non-COD (Documents and Parcels), Inland Registered Letters, E-Money Orders
Sale of postage stamps and stationery
Retail services include the sale of revenue stamps, Central Recruitment Fee stamps, etc.
Act as a direct agent for Postal Life Insurance products and provide related after-sales service including a collection of premiums.

How to become a franchisee?
Applicants for franchises must apply in a prescribed format. Individuals above 18 years of age as well as institutions/organizations/other entities like corner shops, paanwalas, kiranawalas, stationery shops, small shopkeepers, etc. can also open franchises. However, no upper age limit has been fixed given the need to select individuals who can manage and market the products. The individual/organization will agree with India Post.

10 thousand rupees will have to be deposited
10th class passed from a recognized school. A person having good knowledge of the local language and English who is computer literate, has working knowledge of smartphones and has a valid PAN number can apply to become a franchisee. The applicant will have to deposit Rs 10,000/- only as a security deposit in the post office.

Commission to the franchisee?
Franchisees will thus earn a commission. Rs.3.00 for each registered letter, Rs. Rs.5.00 for every money order of value above Rs.200/- and commission of 5% on the sale of postage stamps and stationery. The commission rate for booked speed post items is very attractive and the franchisee will get a profit of 7% to 25% of the monthly business done by him.