SBI ATM Franchise Business: If you also want to earn money sitting at home during the Corona period, then this is a great option for you. Let us tell you a great business idea through which you can easily earn 80 thousand rupees every month sitting at home. And most importantly, it is a safe method. Actually, this opportunity is giving you the country’s second-largest public sector bank SBI (State Bank of India).
State Bank Of India ATM Franchise
By purchasing a State Bank of India SBI ATM franchise, you can make money quickly. ATM of any bank is not installed by the bank, but a separate company is there for it. Its contract is given by the bank, which does the work of installing ATMs everywhere. So let’s find out how you may profit from owning an ATM business.
These are the conditions for taking SBI ATM Franchise
1. You should have 50-80 square feet of space to take the franchise of SBI ATM.
2. It should be 100 meters apart from other ATMs.
3. Make sure this place is on the ground floor and has good visibility.
4. In addition to the requirement for a 1 kW electricity connection, there should be a 24-hour power supply.
5. The capacity of this ATM should be around 300 transactions per day.
6. The ATM should have a concrete roof.
7. No Objection Certificate from Society or Authority is required for setting up V-SAT.
Documents Required for Franchise of SBI ATM
1. ID proof in the form of an Aadhar card, Pan Card, or voter card
2. Ration card or electricity bill as address verification
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
You can apply online by visiting the official website of the companies that provide the franchise of SBI ATM. India, Muthoot ATM, and Tata Indicash There are contracts for one ATM to deploy ATMs in India. You can do this by requesting an ATM by logging into each company’s website online.
Here is the 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 can be earned
Tata Indicash is the largest and oldest among these companies. It gives franchisees in exchange for a 2 lakh rupee refundable security deposit. You must also deposit Rs 3 lakh as working capital in addition to this. In this way, you have invested a total of Rs 5 lakh in it. If you look at the earnings in this, you get Rs. 8 for every transaction that is made in cash and Rs. 2 for transactions that are not. In other words, the annual return on investment can range from 33 to 50 percent. To understand- If 250 transactions are done daily through your ATM, of which 65 percent is a cash transaction and 35 percent is a non-cash transactions, then your monthly income will be close to Rs.45 thousand. At the same time, a commission of about 88-90 thousand will be available on 500 transactions. That is, you make significant gains after a single investment.
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