SBI Business Scheme: For ATM cabin, you must have 50 to 80 square feet space. Also, it should be at a distance of about 100 meters from other ATMs. This place should be in such a place, where people can easily see.
SBI ATM Franchise: Doing business is not easy, as it demands both time and effort. But if someone tells you that on an investment of Rs 5 lakh, you can earn 60 to 70 thousand rupees per month. You hardly want to miss such an opportunity. After reading this, you may also be thinking that where to invest money, then let us tell you that we are talking about SBI ATM Franchise.
The work of ATM installation is done on contract
You might be thinking that the bank installs the ATM itself. But it is not so, in fact, the work of ATM installation is completed on the bank contract. Only the contractors of the bank get this work done at different locations. State Bank of India has tied up with Tata Indicash, Muthoot ATM and India One ATM for ATM installation.
Apply through the official website
If you also want to apply for SBI ATM Franchise, then you have to go to the official website of the above companies. It is important to be vigilant in this work, you should submit any application only through the official website because many cases of fraud have come to the fore.
Application Condition For SBI ATM Franchise
You must have 50 to 80 square feet space for ATM cabin. Also, it should be at a distance of about 100 meters from other ATMs. Also, this place should be in such a place, where people can easily see it. There should also be proper arrangement of light here and 1KW electricity connection is also necessary. It is necessary to have cabin, concrete roof and cement walls. If your place is in any society or under any authority, then you will have to take NOC from there.
Required Documents
- Aadhaar, PAN Card and Voter ID
- Ration Card, Electricity Bill
- Bank Account and Pass Book
- Photograph, E-mail ID and Phone Number
- GST Number
- Financial Documents sought by the company
Earning from ATM Franchisee
You will need to make a security deposit of Rs 2 lakh and a working capital of Rs 3 lakh to start an ATM franchise. After making this investment, the bank will get you 8 rupees for every cash transaction and 2 rupees for every non-cash transaction like balance check and fund transfer etc.
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