In this era of Corona era, if you are preparing to start a business sitting at home or if you are looking for some extra income, then today we will give you a great business idea. Idea).
In this, you can earn at least Rs 60,000 per month. This opportunity is being given by the country’s largest bank State Bank of India (SBI). Actually you can earn better by taking SBI ATM Franchise. The bank never uses on its own behalf. He uses the franchisee for the ATM. Then it is time to set up ATMs of these companies.
Conditions for taking a franchise
If you are interested in taking a franchise then at least you should have 50-80 square feet of space. It must be 100 meters away from other ATM ATMs. It should be such a place, where people can see from a distance. There should be 24 hours power supply, apart from this 1 kW electricity connection will have to be kept. This ATM should have a capacity of 300 transactions per day. The ATM space should have a ceiling which is cemented. Along with this, it is necessary to have a No Objection Certificate from the society or authority for installing V-SAT.
These documents will be needed
You must have Aadhar Card, Pan Card, Voter Card for ID Proof. Along with this, it is necessary to have a ration card or electricity bill for address proof. Bank account and passbook are also required. Photograph, E-mail ID, Phone number must be given. GST number will also be required.
Know how to apply
Some companies provide franchisees of SBI ATMs. You can apply by visiting their official website. Tata Indicash, Muthoot ATM and India One ATM have contracts to install ATMs 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 will it cost
Among these, Tata Indicash is the largest and oldest company among them. In this, the franchisee gets it on paying 2 lakh security deposit, which is refundable. Apart from this, Rs 3 lakh will have to be deposited as working capital. In this way, a total of Rs 5 lakh will have to be paid.
How much will you earn
Talking about earning, you get Rs 8 on every cash transaction and Rs 2 on non-cash transaction. The return on investment ranges from 33-50% on an annual basis. Suppose if 250 transactions are done every day through your ATM, in which 65 percent is cash transaction and 35 percent is non-cash transaction, then monthly income will be close to 45 thousand rupees. At the same time, if there are 500 transactions every day, there will be a commission of about 88-90 thousand.
