SBI ATM Franchise business: You can earn big money by taking Bank ATM Franchise of State Bank of India ATM (SBI ATM). Let us tell you how you can earn good money by taking ATM franchise.
If you too have a plan to start a business sitting at home or if you are looking for some extra income, then today we will tell you about such a business idea. Through this, you can easily earn 60 thousand rupees a month sitting at home. SBI (State Bank of India) is giving this opportunity to you. Let us tell you that you can earn this by taking SBI ATM Franchise of State Bank of India.
Let us tell you that the companies that install ATMs are different. The bank never installs its ATM automatically. On behalf of the bank, some companies are given the contract to install ATMs, which work to install ATMs from place to place. Let us tell you how you can earn good money by taking ATM franchise.
Requirements for taking SBI ATM Franchise
>> You should have 50 80 square feet space.
>> Its distance from other ATM should be 100 meters.
>> This space should be on the ground floor and good visibility.
>> There should be 24 hours power supply, apart from this 1 KW electricity connection
>> This ATM should have a capacity of about 300 transactions per day.
>> The ATM space should have a concrete roof.
>> No objection certificate is required from the society or authority for installing VSAT.
Document List
1. ID Proof – Aadhaar Card, Pan Card, Voter Card
2. Address Proof – Ration Card, Electricity Bill
3. Bank Account and Passbook
4. Photograph, E-mail ID, Phone No.
5. Other Documents
6. GST No.
7 .Financial Documents
How can you apply for ATM Franchisee,
some companies give the franchise of SBI ATM. You can apply online by visiting their official website. Let us tell you that the companies that install ATMs are different. Tata Indicash, Muthoot ATM and India One ATM have the contract to install ATMs mainly in India. For this, you can apply for your ATM by logging in online on the websites of all these companies.
Official Website
Tata Indicash – www.indicash.co.in
Muthoot ATM – www.muthootatm.com/suggest atm.html
India One ATM – india1atm.in/rent your space
How much to invest
Tata Indicash is the largest and oldest company among them. It offers franchisees on a security deposit of 2 lakhs which is refundable. Apart from this, Rs 3 lakh will have to be deposited as working capital. In this way the total investment is Rs 5 lakh.
Talking about earning how much can be
earned, then on every cash transaction, you get Rs.8 and on non-cash transaction you get Rs.2. The return on investment is up to 33% to 50% on an annual basis. For example, if 250 transactions are done everyday through your ATM, in which 65 percent is cash transaction and 35 percent is non-cash transaction, then monthly income will be close to 45 thousand rupees. At the same time, if there are 500 transactions daily, there will be a commission of about 88 90 thousand.
