This could be a huge opportunity for you if you want to start a business from home for yourself. You can yourself start your business by associating with the country’s largest bank, State Bank of India. Through the ATM franchise of SBI, you can start your business. Through this, you can earn somewhere Rs 60,000 to Rs 70,000 per month.
Let us tell you that the companies that are installing ATMs are different. Bank doesn’t ever install its own ATM. Certain companies are given the contract by the bank to install ATMs. These companies are working on installing ATMs at different places. Let us tell you how you can earn a good income by taking an ATM franchise.
Airport in India for ATM Installation are Tata Indicash, Muthoot ATM and India One ATM. Therefore, to take the franchise of SBI ATM, you will have to take an application form with these companies. This can be applied through their official website.
Important rules for ATM franchise
You need a space of at least 50-80 sq. ft. to have an ATM set up-with 20 meters distance from other ATMs. The place needs to be open enough for public visibility. It should have electricity for 24 hours-a 1 kilowatt electrical connection. It should facilitate the ATM’s capacity of transaction for about 300 a day. The ATM should be under a concrete ceiling. A NOC is necessary for V-SAT installation from society or authority.
Official Website
Tata Indicash – www.indicash.co.in
Muthoot ATM – www.muthootatm.com/suggest-atm.html
India One ATM – india1atm.in/rent-your-space
These documents will be required
- ID proof – Aadhaar Card, Pan Card, Voter Card
- Address proof – Ration card, electricity bill
- Bank account and passbook
- Photograph, email ID, phone number
- Other documents
- GST number
- Financial documents
How do I earn?
Tata Indicash is the biggest ATM franchise of SBI. This company provides ATM franchise on a security deposit of Rs 2 lakh refundable; in addition customer has to deposit Rs 3 lakh as working capital. Total investment is Rs 5 lakh. The person who is taking the franchise for an SBI ATM earns Rs 8 for every cash transaction and gets Rs 2 on every non-cash transaction. It is to be noted that activities such as checking the balance from the ATM, mini-statement etc., fall under non-cash transactions.