Here is a business opportunity offered by SBI where you can have a steady monthly income – Details inside
The pandemic has shown us that jobs are not permanent and in fact, having a business of your own seems to be more fruitful. As a matter of fact, we have seen many individuals move in that direction but not everyone has a business idea but do have the money to invest. Well, for such individuals. here is a great offer by the State Bank of India. You can invest in an SBI ATM and earn up to Rs 60,000 per month.
To get an ATM franchise, you just need to find out from the nearest bank in which area ATM is required. The ATM should have a space of 50 to 80 feet and it can be purchased by depositing a security deposit of Rs 2 lakhs. Apart from this, Rs 3 lakh will have to be deposited as working capital. Notably, you should know that the deposit is refundable and you can get it back once you decide to shut down the franchise.
The first to this is to apply online by visiting their official website. However, the companies that actually install ATMs are different from the bank like Tata Indicash, Muthoot ATM and India One ATM. For this, you will have to apply for your ATM by logging in online on the websites of all these companies.
Documents needed for ATMS:
– ID Proof (Aadhaar Card, Pan Card, Voter Card)- Address Proof (Ration Card, Electricity Bill)- Bank account and passbook- Photograph, E-mail ID, Phone Number- GST Number- Financial documents
If you think about the earning then Rs 8 is available on every cash transaction and Rs 2 on the non-cash transactions. The return on investment ranges from 33-50% on an annual basis. For example, if 250 transactions are done on a daily basis in your ATM then the monthly income should be around Rs 45,000. At the same time, if there is a daily 500 transaction, there will be a commission of about Rs 88,000-90,000.
