When you open a TD (time deposit) account at a Branch Post Office, the person in charge, known as the BPM (Branch Post Master), receives a commission for facilitating the process. This commission is called TD Commission, and specifically, the commission paid to the BPM is referred to as TD Commission to BPM.
To simplify, TD is the same as FD (Fixed Deposit). If you're wondering about the amount of commission a BPM receives for bringing in business related to time deposits, this post provides the latest TD commission rates for BPMs, along with updates on orders and rules regarding Term Deposits for Branch Post Masters.
TD Commission Rates to BPM(Branch Post Master)
The TD commission rates paid to the Branch Post Master (BPM) vary based on the duration of the time deposit. Here are the rates:
- For a 1-year time deposit, the BPM receives a commission of 0.5%.
- For a 2-year time deposit, the BPM is entitled to a commission of 1%.
- Likewise, a 3-year time deposit fetches a commission of 1% for the BPM.
- The highest commission rate is for a 5-year time deposit, where the BPM receives a commission of 2%.
These rates serve as a guideline for understanding the compensation structure for BPMs based on the tenure of the time deposit they assist in managing.
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BPM Time Deposit(TD) Commission Rates
- One-year time deposit - Rate of TD Commission: 0.5%
- Two years time deposit - Rate of TD Commission: 1%
- Three years time deposit - Rate of TD Commission: 1%
- Five years time deposit - Rate of TD Commission: 2%
BPM TD Commission Form PDF Download
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| TD Commission Form |