The Post office brings in several saving and investment opportunities for both young and old . Other than their normal investment plans in tax saving FDs , post office FD , India Post recurring deposits , India Post has come up with another option for people to start their own business in partner with India post .

India Post offers Franchise option to people to start their own courier and post office at any size or location in name of India Post. The initial investment requested in the franchise is also very nominal and lucrative commissions has been offered to applicants in Franchise business .

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If you want to start your own India Post Office and take advantage of high commission paid directly from Government in your bank account without involving any addition investment or without moving away from your current business , then do read this post carefully to understand how to apply for India Post office Franchise at your location .

Motive of Offering Franchise by India Post 

Currently , India Post holds more than 1.5 lakh offices within the country but to spread its business to each and every district , the Franchise scheme was introduced . To get franchise of India post , the basic deposit money has been defined to be deposited by the applicant of about Rs 5000 with the Post office opting for the Post Office Franchise Scheme .

Under the scheme , the franchise model include creation of Franchise Outlets and Postal Agents . While Franchise Outlets are to be made as entire counter for all India post services including the savings and investment services while postal agents are only responsible for taking up orders of courier , delivery , selling of postal stamps in both rural and urban localities .

The basic motive behind opening of such private outlets is to empower people in localities to get connected to the services of Indian Postal Services . Also , where the postal offices are not able to reach – this program will enable them to have access to all the postal services like sending and receiving money orders , legal intimations and their important parcels/ couriers at their designated places without moving onto long kilometres.

Eligibility for Post Office Franchise Scheme 

Apart from Individuals / Students age above 18 , special shop owners and retail outlets like paanwalas , stationary shops , small colonised shop keepers can apply for the programme in both rural and urban areas. The program exhibits applicants from the program if they are associated with any current India Post office / franchise in their area or any of their family member is in charge of postal services of India Post .

To apply for the program, an applicant has to be eligible for certain parameters :

1. The applicant should not be less than age of 18 years .
2. The applicant should be a residing citizen of India .
3. The applicant must have completed his education above 8th class from any recognized school or university .
4. The applicant should hold an office or a place to handle queries of customers . (Optional)
5. The applicant should not be in charge of any legal crime against India Post Office .

With a positive approach , to attract as many applicants in the scheme – India Post has included only this much criteria for the applicants to apply for the program .

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How much you can earn with Integration in India Post Office Franchise Scheme ?

Like private courier partners and delivery companies , India Post offers amazing benefits and commissions on receipt of business to the franchise . These commissions and rewards are provided on a month to month basis based on the services provided . The post office franchise offers slab based commission to the franchise and post office agent applicants like :

1. For article booking Rs 3 per transaction .
2. For Speed Post Rs 5 per transaction .
3. For Money Orders 3.5/- per transaction
4. For Money Orders above 200 – Rs 5 per transaction
5. Additional commission on monthly target of 1000 registered and speed post –  20 %
6. Sale of Stamps and Stationary – 5% of Sale Amount
7. Sale of Revenue Stamps , Central Recruitment Fee Stamps etc – 40 % of Earnings
8. Monthly target slabs from 7% to 30% based on monthly sales in Speed Post Parcels and Registered Parcels .

How to apply for Post Office Franchise Scheme ?

It is a great opportunity for the unemployed or those who are running small businesses as it will generate additional income to them. The franchise scheme can be applied with any of the registered post office listed on the official website of India Post . Here are the stages to follow for application of the franchise program :

1. Form for application of the franchise can be obtained from registered office of India Post or can be downloaded from the official website of Department of Post  .
2. Filling the form , add all the additional documents asked by the department and Sign for the Memorandum of Agreement (MOA).
3. The selection for the application approval will be given by Divisional heads and the approval will be given within 14 days of processing the application .

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FAQ 

1. Is it profitable to apply for franchise of India post ?

Yes , India Post is a profitable franchise to opt for additional income . It can also be done as a business with including more investment and saving schemes in collaboration with India Post .

2. How much security deposit is to be made to India post for franchise scheme ?

The security deposit to apply for the program is Rs 5000/- .

3. What approximate period is required to get approval from Divisional heads for franchise ?

As per information provided by the official website of Department of Post , it takes about 14 days for approval of the application , while in other cases it might take upto 20 to 25 days for application approval .