If you’re looking to start a business from the comfort of your home, we have an exciting proposition for you.
Partner with the State Bank of India (SBI), the country’s largest bank, and embark on your entrepreneurial journey.
By obtaining an SBI ATM franchise, you can earn a monthly income ranging from 60,000 to 70,000 rupees.
It’s important to note that installing ATMs is outsourced to specific companies, and SBI does not directly install them.
These companies are contracted by the bank to handle ATM installations in various locations. Now,
let’s explore how you can capitalize on this opportunity and earn a substantial income through an ATM franchise.
Key Steps to Obtain an ATM Franchise
To acquire an SBI ATM franchise, you need to apply through the designated companies entrusted with ATM installations in India.
Tata Indicash, Muthoot ATM, and India One ATM are the companies responsible for ATM franchise operations. Simply visit their official websites to initiate the application process.
Important Guidelines for ATM Franchise Ownership
To set up an ATM, you must have a minimum space of 50-80 square feet. It should be located at least 100 meters away from other ATMs and positioned where it is easily visible to people.
Additionally, the location should have a reliable 24-hour power supply, with a mandatory 1 KW power connection.
The ATM should ideally handle around 300 transactions per day and have a sturdy concrete roof.
Lastly, it is necessary to obtain a No Objection Certificate from the society or authority for V-SAT installation.
Required Documents
To complete the application process, you will need the following documents:
1) Identification Proof: Aadhaar Card, PAN Card, Voter Card
2) Address Proof: Ration Card, Electricity Bill
3) Bank Account and Passbook
4) Photograph, Email ID, Phone Number
5) Other Relevant Documents
6) GST Number
7) Financial Documents
How Does the Earning Potential Look?
Tata Indicash, the leading provider of SBI ATM franchises, requires a refundable security deposit of 2 lakhs, along with a working capital deposit of 3 lakhs, making the total investment 5 lakhs.
As an SBI ATM franchisee, you will earn Rs 8 per cash transaction and Rs 2 per non-cash transaction.
Non-cash transactions include activities such as checking account balances and generating mini-statements for customers.
With this exciting business opportunity, you can start your own venture in collaboration with SBI and secure a steady income stream.
Don’t miss out on this chance to become a successful entrepreneur and enjoy the benefits of running a home-based business.
To learn more and apply for an SBI ATM franchise, visit the official websites of the respective companies:
1. Tata Indicash: www.indicash.co.in
2. Muthoot ATM: www.muthootatm.com/suggest-atm.html
3. India One ATM: india1atm.in/rent-your-space
