Business Idea: In today’s time, it has become difficult to live with the salary of a job. Due to this, most people plan to start their own business, but many people do not find a way to do it. Due to this, if you are also looking for a side business, then this (Business with SBI) news can be very beneficial for you. Yes, we are going to tell you about such a business which you can do in collaboration with SBI, let us know about it in detail…
You must have often heard about the business related to bank ATM, it is considered a good option giving stable income. Through this business, it is possible to earn up to 45 to 90 thousand rupees every month.
Many (SBI Business) banks of the country offer franchise for ATM operations, including State Bank of India. Through SBI ATM Franchise, people can earn a stable and good income sitting at home.
Profitable business at low cost –
SBI ATM Franchise Offer is a low-cost investment. Under this scheme, an opportunity is given to install ATMs through companies authorized by the bank, in which commission is received on each transaction. Eight rupees are earned on cash transactions and two rupees on non-cash transactions (SBI ATM Franchise Business).
If there are 250 to 300 transactions in a day, then up to 90 thousand rupees can be earned at the end of the month. This business can prove to be beneficial for those who have suitable space available near public places, markets, railway stations or bus stands.
Under the SBI ATM Franchise Offer, Rs 8 is paid per cash transaction and Rs 2 on non-cash transactions. Non-cash transactions include checking account balance by customers, receiving mini-statements (SBI ATM Franchise Startup) and other non-cash services. This business model can prove beneficial for those who want to create a stable source of income.
Terms and conditions related to SBI ATM franchise –
SBI itself does not give ATM franchise, but companies like Tata Indicash, India One and Muthoot ATM are authorized for this. Some important terms and conditions have to be followed to get ATM franchise.
1. Location and infrastructure requirements –
- There should be 50 to 80 square feet of space to install an ATM.
- The place should be near crowded areas, markets, railway stations, bus stands or main roads.
- A 1KW connection is required for 24×7 power supply.
- CCTV camera, internet connection and security of ATM machine have to be ensured.
2. Documents and legal formalities –
- PAN card and Aadhaar card are mandatory.
- GST registration is a must.
- Bank account and financial statement will be required.
- Rent agreement or ownership proof of the place should be there.
3. Security deposit and investment –
- To get the franchise, a security deposit of about Rs 2 lakh to Rs 3 lakh will have to be given.
- Installing and operating the ATM can cost around Rs 5 lakh to Rs 7 lakh.
- It will be the responsibility of the franchise holder to keep sufficient cash in the machine at all times.
4. Earning on transactions –
- ₹8 per transaction on cash transactions.
- ₹2 per transaction on non-cash transactions (balance check, mini-statement etc.).
- If there are 250-300 transactions per day at a good location, it is possible to earn up to 90,000 rupees per month.
5. Responsibility of operation and maintenance –
- Maintenance and servicing of the ATM machine will have to be ensured.
- The franchise holder will be responsible for putting cash in the machine on time.
- In case of technical fault or network problem, the concerned company will have to be informed.
6. Important precautions –
SBI does not give franchise directly, so contact only authorized companies.
- To avoid fraud, apply only by visiting the official website of companies like Tata Indicash, India One, Muthoot ATM.
- Invest after understanding the terms and conditions of the franchise properly.
How to apply?
To apply for SBI ATM franchise, you can visit the official website of these companies:
- Tata Indicash – www.indicash.co.in
- India One ATM – www.india1atm.in
- Muthoot ATM – www.muthootatm.com
By applying with the right information, you can earn good money from this business.
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