SBI ATM Franchise: State Bank of India has brought a better opportunity for you. Through this business, you can earn a profit of up to 90 thousand rupees every month.
SBI ATM Franchise: If you also want to earn money sitting at home or leave your job and start your own business, then the country’s largest government bank State Bank of India has brought a better opportunity for you. Through this business, you can earn a profit of up to 90 thousand rupees every month. We are talking about SBI ATM Franchise. If you take an ATM franchise, then you can earn a lot every month.
How to Apply for ATM Franchise?
Online application can be made for SBI ATM Franchisee from the official website of the companies. Companies that install ATMs are different. Most of these contracts are with Indicash, Muthoot ATM and India One ATM.
SBI ATM Franchise Requirements
- There should be a space of 50-80 square feet.
- The distance from other ATMs should be 100 meters.
- The space should be on the ground floor and with good visibility.
- There should be 24 hours power supply. 1 kW electricity connection required.
- The ATM should have a capacity of about 300 transactions per day.
- The ATM space should have a concrete roof.
- No Objection Certificate (NOC) from the society or authority is necessary for installing V-sat.
These documents will be needed
- ID Proof – Aadhaar Card, Pan Card, Voter Card
- Address Proof – Ration Card, Electricity Bill
- Bank account and passbook
- Photograph, E-mail ID, Phone Number
- GST Number
- financial documents
Details can be seen from here
- Tata Indicash – www.indicash.co.in
- Muthoot ATM – www.muthootatm.com/suggest-atm.html
- India One ATM – india1atm.in/rent-your-space
How much will you have to invest?
You can apply for SBI ATM Franchise from Indiacash website. It is the largest and oldest company in the country. A security deposit of 2 lakhs has to be kept for SBI ATM. It is fully refundable. Apart from this, working capital of Rs 3 lakh is required. The total investment will be up to Rs 5 lakh.
How will you earn?
In SBI ATM Franchisee, Rs.8 is available on every cash transaction and Rs.2 on non-cash transaction. The return on investment is 33-50% on an annual basis. If there are 250 transactions per day, in which 65 percent are cash transactions and 35 percent non-cash transactions, then the monthly income will be close to 45 thousand rupees. At the same time, a commission of about 88-90 thousand will be made on 500 transactions daily.
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I want to install an sbi atm service by own business