What is the commission of post office agent?
What is the commission of post office agent?
| Post Office Agent Commission Chart 2022 | |
|---|---|
| Name of the scheme | Rate of commission |
| NSC (5 years) | 0.5% |
| KVP | 0.5% |
| PPF | Nil |
How do I become a Mpkby agent?
Age Proof Certificate (HSLC admit/certificate) HSLC Pass Certificate. PRC/address proof. Four copies passport photographs for SAS agency/three copies passport photographs for MPKBY agency.
How much commission does LIC agents get?
There isn’t any fix salary from the LIC for the agents. Though, Agents earn the commission for the policies they sale. LIC offers 25% to 35% commission on the policy premium for the first year, then 7.5% for 2nd & 3rd Year + 5% till the policy maturity.
How does a post office agent make money?
If you open a 5-year Recurring Deposit (RD) at the Post Office through an Agent, the Agent gets a commission of 3% on the amount deposited each month. For a Rs 5,000 per month RD, the Agent’s commission is Rs 150 per month.
Which scheme is best in post office?
Post Office Investment: Saving Schemes & Interest Rates
| Small Savings Scheme | Interest Rate | Tenure |
|---|---|---|
| Post Office Time Deposit (5 year) | 6.7% | 5 Years |
| Kisan Vikas Patra (KVP) | 6.9% | 30 Months Lock-in period |
| Public Provident Fund (PPF) | 7.1% | 15 Years |
| Sukanya Samriddhi Yojana | 7.6% | 21 Years |
What is the role of agent in post office?
The post office agent’s job entails assisting the general public in booking letters, selling and collecting Insurance premiums, sales of Postal Bond Fixed Deposits, and so on, i.e., all kinds of monetary deposits, and policies.
What is SAS agency?
Standardised Agency System (SAS) was introduced by the Government w.e.f. 01.10. 1960 to appoint authorised agents to canvass for the sale of specified National Savings Schemes. Under the agency system, an adult individual is eligible for appointment as authorised agent.
What is Aslaas?
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.
Do LIC agents get pension?
Group pension Group pension is also available under Lic Agent Benefits.
What is the minimum target for LIC agent?
Hi. The minimum target is 12 live with one lac premium .
How many post office Agents are there in India?
There are over five lakh small agents in the country. The committee on Comprehensive Review of National Small Savings Fund, headed by Reserve Bank Deputy Governor Shyamala Gopinath and which submitted its report earlier this week, has recommended sharp reduction on commissions for agents of post office schemes.
How can I become a postal agent Quora?
There is many types of agents in Post Office….
- First you need to get a form to study from.
- Next, you’ ll be notified when the testing is available.
- You’ll receive a letter in your mail “When, Where the testing takes place.
- Be there at least 30 minutes early.
- Have all your information available for the Exam.
