SBI ATM Franchise: Most of the people try to earn some extra money apart from their daily job. There are different ways and means. From which extra money can be earned. Today we are going to tell you such a business idea. With which you can easily earn 50 to 60 thousand rupees per month sitting at home. Let us know about it in detail.
State Bank of India is giving a great opportunity. You can earn money by taking SBI ATM Franchise. Please tell that State Bank itself does not install its ATM. It allows companies to install ATMs at different locations on a contract basis.
Conditions for taking SBI ATM Franchisee
- You should have 50 to 80 square feet of space.
- This place should be on the ground floor, so that everyone can see it.
- It should have 1 KW electricity connection with 24*7 hours power supply.
- The capacity of the ATM should be around 300 transactions per day.
- The local administration will have to issue a no-objection certificate for the installation of the ATM machine.
List of documents required for SBI ATM Franchisee
- Address Proof (Ration Card, Electricity Bill)
- ID Proof (Aadhaar, PAN or Voter Card)
- Bank Account and Passbook
- E mail ID
- Phone number
- GST number
- Financial documents
- Other papers
How to apply for ATM Franchisee
There are various companies that provide ATM franchise services. Top companies providing the service are Tata Indicash, Muthoot ATM and India One ATM. You can also apply for ATM franchise by visiting the official website of the companies.
List of Websites to Apply for ATM Franchise
www.indicash.co.in
https://india1payments.in/rent-your-space/
How much can you earn from atm franchise
Get Rs 8 on every cash transaction and Rs 2 on non cash transaction. The return on investment ranges between 33-50% on an annualized basis. For example 250 transactions are done every day through your ATM.
In which 65% are cash transactions and 35% are non-cash transactions, then the monthly income will be around 45 thousand. On the other hand, commission of 80 to 90 thousand will be available on more than 500 transactions daily.
