Good News !!! Now Doctors Lawyers,Professionals and Employees Listed Companies Are Eligible For PLI

Monday, December 17, 2018

Speed Post ( Book Now Pay Later )

Overview of Book Now Pay Later (BNPL Scheme): ​
Bulk customer is eligible for credit facility provided he enters in to an agreement with the Department.
Bulk customer is defined as anyone who provides Rs. 10,000 worth of speed post business in calendar
month at a Speed Post booking office.​
The bulk customer choosing to avail credit facility will APPLY  to designated authority in the prescribed
format. The bulk customer will have to enter into an agreement with the designated authority. On
 getting approval, the customer shall have to produce Bank Guarantee. The contract will be applicable
for a period of one year and approving authority shall renew the contract on an annual basis.
The BNPL bill will be prepared on a monthly basis (Calendar month) by the office of posting. The bill will
 be raised by 15th day of following month (bill date). The bulk customer shall pay the bill amount in full
on or before 30 days from the date of issue of bill (due date).
In case the customer fails to make the payment by the due date, penalty at the rate of 10% per annum on
 the amount of the bill amount shall be imposed from the bill date. In case, the bulk customer chooses not
to avail the credit facility and to make full payment at the time of Speed Post articles, he/she will be
 eligible for discount of the speed post business provided by him in a calendar month is Rs 50,000 and
above or more.​​​​​

Tariff structure of Speed Post
​​​​ Weight​​Local​Up to 200 Kms.201 to 1000 Kms.1001 to 2000 Kms.​​​​​ Above 2000 Kms.
​Up to 50 gramsINR 15​​INR 35​INR 35INR 35​​INR 35
51 grams to 200 gramsINR 25​​INR 35​INR 40​INR 60​INR 70
​201 grams to 500 grams​INR 30​INR 50​INR 60​INR 80INR 90
​Additional 500 grams or part thereof​INR 10​INR 15​INR 30INR 40​INR 50

* Tariff is exclusive of taxes as notified by Central Government from time to time.                                                * Proof of Delivery charges is INR 10.00 per article in addition to Speed Post charges.

​​Discount for walk in customers
​​​​ Daily Revenue​​​​​​​​​ Discount rate for Speed Post
INR 2,000/- to 1,00,000/-​ 5%
Above INR 1,00,000/-10%

Applicable with the same sender’s address, irrespective of number of bookings in a day ​.