If you are looking for a good business to make money, SBI ATM Franchise is a great business for you. You can get an SBI franchise and earn more than Rs 70,000 per month through ATMs. How can this trade. Find out in this special article. The work of different companies is assigned by the bank to start ATMs. These companies are contracted to install ATMs in different places. There are some conditions for SBI’s ATM franchise.
Let us tell you that the companies that install ATMs are different. The bank never automatically installs its ATMs. On behalf of the bank, some companies are given a contract to install ATMs, which work to install ATMs at places. Let us tell you how you can earn good money by taking an ATM franchise.
Requirements for taking SBI ATM Franchise-
>> You should have 50-80 square feet space.
>> His 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 V-SAT.
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 Number
7. Financial Documents.
How to Apply for SBI ATM Franchise?
There are some companies, you can apply online by visiting their official website. Let us tell you that the companies that install ATMs are different. Tata Indicash and India One ATM have contracts to set up ATMs primarily in India. For this, you can apply for your ATM by logging in online on the website of all these companies.
official website
- Tata Indicash – www.indicash.co.in Muthoot
- India One ATM – india1atm.in/rent-your-space.
Tata Indicash is the oldest of the companies 2 lakh and gives franchises which are refundable. In addition, Rs 3 lakh is given as working capital. Thus the total investment is Rs. 5 lakhs.
The per-transaction from SBI’s ATM franchise is Rs 8 and the per-cash transaction is Rs 2. The annual return on investment is up to Rs 33-50 per cent. For example, if you make 250 transactions a day from your ATM, you will get at least Rs 45,000 at 35%, while if you do 500 transactions a day, you will get Rs 90,000 and if you do 300 transactions, you can get more than Rs 70,000.
