SBI ATM Franchise: Earn 60-70 Thousand Every Month from SBI ATM franchise, See Details

SBI ATM Franchise: If you are also looking for a business to earn money, then today we will tell you about a bumper profitable business, through which you can earn about 60 to 70 thousand rupees every month. You can earn big money by taking the Bank ATM Franchise of State Bank of India ATM (SBI ATM). Also, if you have an ATM machine near your house, then you will not have to stand in line in the bank to withdraw cash.

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.

Also, Read This: SBI Customers: Do this Work by September 30 Otherwise, Your Account May be Closed

Prerequisites for taking SBI ATM Franchise

>> You should have 50-80 square feet of space.
>> His distance from other ATMs should be 100 meters.
>> This space should be ground floor and good visibility place.
>> 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,
3. Bank Account & Passbook
4. Photograph, E-mail ID, Phone No.
5. Other Documents
6. GST No.
7. Financial Documents

How To Apply For SBI ATM Franchise

SBI ATM Franchise is given 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 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 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.

How much can be earned

Talking about earnings, you get Rs.8 on every cash transaction and Rs.2 on non-cash transactions. The return on investment ranges from 33-50% on an annual basis. For example, if 250 transactions are done every day through your ATM, in which 65 percent is a cash transaction and 35 percent is a non-cash transaction, then the 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.