SBI (State Bank of India) is giving you this opportunity. Let us tell you, you can do this work by taking SBI ATM Franchisee of State Bank of India.
Companies that install ATMs are different. The bank never installs its ATMs automatically. On behalf of the bank, some companies are given the contract to install ATMs, which work to install ATMs at different places.
Prerequisites for taking SBI ATM Franchise-
You should have 50-80 square feet of space.
Its distance from other ATMs should be 100 meters.
This place should be on the ground floor and should have good visibility.
There should be 24 hours power supply, apart from this 1 kW electricity connection
, the capacity of this ATM should be around 300 transactions per day.
The ATM should have a concrete roof.
No Objection Certificate from Society or Authority is required for setting up V-SAT.
Documents List-
ID Proof – Aadhar Card, PAN Card, Voter Card
Address Proof – Ration Card, Electricity Bill
Bank Account and Passbook
Photograph, E-mail ID, Phone Number
Other Documents
GST Number
Financial Documents
How to apply for SBI ATM Franchisee-
SBI ATM Franchisee is offered by 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, Muthoot ATM and India One ATM have contracts for setting up ATMs primarily in India. For this, you can apply for your ATM by logging in online on the websites of all these companies.
Tata Indicash – www.indicash.co.in
Muthoot ATM – www.muthootatm.com/suggest-atm.html
India One ATM – india1atm.in/rent-your-space
Know- how much will have to be invested?
Among these, Tata Indicash is the largest and oldest company. 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. Thus the total investment is Rs 5 lakh.
How much can be earned?
Talking about earning, you get Rs.8 on every cash transaction and Rs.2 on non-cash transaction. The return on investment varies between 33-50% on an annual basis. For example, if 250 transactions are done daily through your ATM, of which 65 percent are cash transactions and 35 percent are non-cash transactions, then the monthly income will be close to Rs 45,000. At the same time, for doing 500 transactions daily, you will get a commission of about 88-90 thousand.
