When a TD (time deposit) account is opened under the jurisdiction of a Branch Post office, some amount of commission will be paid to the BPM of that branch post office. This commission is known as TD Commission and TD commission paid to BPM is known as TD commission to BPM.
TD means time deposit which is also known as FD (Fixed Deposit). TD and FD are the same. Do you know how much TD commission paid to a BPM when he brings business? If you don't know about BPM TD commission then this post is for you.
Here you will find latest TD commission rate for BPM, latest orders and ruling related to Term Deposit to Branch Post Master.
Rate of TD Commission to BPM
The rate of TD commission paid to BPM is as under-
- 01 year time deposit- 0.5%
- 02 years time deposit- 1%
- 03 years time deposit- 1%
- 05 years time deposit- 2%
Latest orders related to TD commission paid to BPM
These are as under-
As per SB order no. 21/2020 dated 11.06.2020, TD Incentive will be payable to BPM irrespective of the location of post office i.e. whether in rural area or in the urban area subject to the condition that the address of the depositor falls within the delivery jurisdiction of the respective GDS sub post office or branch post office.
As per SB order no. 12/2022 dated 08.07.2022, the incentive will be GDS BPMs for opening of Time Deposit (TD) accounts irrespective of the location of Branch Post Office i.e. whether in rural area or in urban are subject to the following condition.
(a) If the GDS Branch Post Office is Delivery Office- Address of any one of the depositors falls within the delivery jurisdiction of the respective GDS Post Office.
(b) If the GDS Branch Post Office Is a non-delivery office in account with delivery post office- Address of any one of the depositors falls within the delivery jurisdiction of the account office provided that the address does not fall within the delivery jurisdiction of any other Branch Post Office in account with the same account office.
(c). If the GDS Branch Post Office is a non-delivery office in account with non-delivery post Office- Address of any one of the depositors falls within the area covered by the pin code of the branch post office concerned provided that the address does not fall within the delivery jurisdiction of any other BO having the same pin code.
TD Commission to Branch Post Master Chart
Find the below chart that contains time deposit commission paid to a branch postmaster.
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TD commission to BPM Chart 2023 |
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Types of TD |
Rate of TD Commission |
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One-year time deposit |
0.5% |
|
Two years time deposit |
1% |
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Three years time deposit |
1% |
|
Five years time deposit |
2% |
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