four per cent
Agents commission The Government has done away with the commission paid to the agents for opening PPF accounts and Senior Citizens Savings Schemes, while the agents’ commission for Mahila Pradhan Kshetriya Bachat Yojana (MPKBY) has been fixed at four per cent.
How can I become a Mahila Pradhan agent?
An individual woman (called Mahila Agent) who being a resident of locality and sufficiently educated can be appointed agent under this scheme. Management of authorised agency system including appointment, renewal and supervision has been transferred to the State Government.
What is Mpkby agent?
Mahila Pradhan Khestriya Bachat Yojna (MPKBY) agency system was introduced by the Government w.e.f. 01.04. 1972 with the objectives:- To educate housewives in family budgeting. To inculcate the habit of thrift among household and self employed people.
How do I become a SAS agent?
- Minimum qualification is 12th Pass under 10+2 scheme or Higher Secondary or its equivalent.
- Retired person(s) from Govt., Semi Govt. Undertaking, Public Sector are also eligible for the SAS /PPF/MPKBY agency.
- SAS/PPF/MPKBY agency may be given to the person(s) who hold the agency of L.I.C/ G.I.C.
How can I become a post office agent in Maharashtra?
To apply, you have to get the application forms that are available at District Institutional finance office/ OIC in each district of the state. After filling the application form, and gathering all the required documents (mentioned above), you need to submit all this to the district office.
How is Post Office Rd interest calculated?
How to Calculate Compound Interest on Post Office Recurring Deposit? R is the amount deposited per month. n is the number of quarters in the tenure. i is the rate of interest divided by 400 (for 4 quarters in a year).
What is the commission of post office agent?
Post Office Small Saving Schemes – Rate of Commission of Agents
| Sr. No. | Name of Scheme | Rate of Commission |
|---|---|---|
| 1 | Saving Deposit | Nil |
| 2 | National Savings Time Deposit (1 Year, 2 Year, 3 Year & 5 Year) | 0.5% |
| 3 | National Savings Recurring Deposits | 4% |
| 4 | Senior Citizen’s saving Scheme | Nil |
What is Aslaas number?
ASLAAS number meaning is to be updated against RD accounts linked to MPKBY agents while preparing the Bulk list. Though an option to update the ASLAAS number is available in the existing Agent Portal, it is learnt that many agents are not using this option as this ASLAAS was not getting stored against the RD account.
What is direct agent in post office?
2,3 means an Insurance Agent engaged by the Postmaster General / Head of the Division who receives or agrees to receive payments by way of commission or other remuneration in consideration of his/her soliciting or procuring PLI/RPLI business including business relating to continuance, renewal or revival of policies of …
How much commission does a post office agent get?
What is the income of Post Office franchise?
1 to 1.5 Lakhs. The applicant will have to mention the minimum business generation feasibility in the location where the franchise is proposed to open. The minimum revenue generation has to be Rs. 50000 per month that will be reviewed by the department on every biannual basis.
