New Delhi, September 8. It is very difficult to survive on one income in the time of inflation. Every man wants some or the other side income so that he can meet the expenses. You can do this side income by taking any small business, investment for regular income or partnership in some work with your close ones.
But you have to give time to them. But there is one such work, for which you should neither give any time nor get into any kind of hassle. This is SBI’s ATM Franchise. If you get a franchise of SBI ATM, then you will earn up to Rs.60000 per month sitting.
Who installs ATM
The most important thing when installing SBI ATM is that it will be a safe source of income. But do you know how or who uses ATM? You must be thinking that the ATM of a bank is installed by that bank itself. But it is not so. A company installs ATM on behalf of the bank. The bank gives the contract for this. Then the company sets up ATMs at different places.
These conditions have to be fulfilled
If you want to install an ATM at your place, then keep in mind that you must have 50-80 square feet of space. At the same time, it is also necessary to be at least 100 meters from the nearest ATM. The place should be on the ground floor and should be such a place, which comes in the category of good visibility. Apart from 24 hours power supply, there should be 1 kW electricity connection.
Know the rest of the terms
Where ATMs are installed, it is necessary to have a capacity of about 300 transactions per day. That is, it is necessary to have 300 transactions daily in the ATM installed at your place. The roof above the ATM must be of concrete. On the other hand, if you want to install V-SAT, then for that NOC i.e. No Objection Certificate will have to be obtained from your society or authority.
These documents will be needed
You will have to provide ID proof, for which Aadhaar, PAN or Voter ID card can be given. At the same time, ration card or electricity bill can be given for address proof. Apart from this, bank account and its passbook, photograph, e-mail id and phone number will be required. Companies that have contracts to install ATMs in the country include Tata Indicash, Muthoot ATM and India One ATM.
Apply like this
If you want to visit Tata Indicash’s site then this link is (www.indicash.co.in). You can also apply at the sites of Muthoot ATM (www.muthootatm.com/suggest-atm.html) and India One ATM (https://india1atm.in/rent-your-space/). Tata Indicash is the largest company. To install an ATM, you will have to pay a security deposit of Rs 2 lakh, which is refundable. 3 lakh will have to be paid as working capital.
Talking about earnings, there is an earning of Rs 8 per cash transaction and Rs 2 per non-cash transaction. Suppose if there are 250 transactions daily, in which 65% are cash and 35% are non-cash, then you can easily earn up to Rs 45000 per month. If there are 300 transactions then your earning can be up to 60 thousand rupees per month.
