If you are planning to start a business while sitting at home or if you are looking for some extra income, then this article is for you. Today we will give you a Profitable Business Idea through which, you can earn at least Rs 60,000 per month. Let me tell you that this opportunity is being given by the country's largest bank SBI- State Bank of India.
You can earn a good profit by taking SBI ATM Franchise.
How to get SBI ATM Franchise – Complete Process
Below we have given complete details as to how you can get SBI ATM Franchise and what documents you will need;
Conditions for Taking Franchise
If you are interested in taking a franchise then at least you should have 50-80 sq. ft of space. It must be 100 meters away from other ATMs. Moreover, there should be 24 hours power supply, apart from this, a 1 kW electricity connection will have to be kept there. The ATM space should have a cemented ceiling. Along with this, it is necessary to have a “No Objection Certificate” from the society or authority for installing V-SAT.
Documents Required for SBI ATM Franchise
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You must have Aadhar Card, Pan Card, and Voter Card for the ID Proof.
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It is necessary to have a ration card or an electricity bill for the address proof.
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Bank account & passbook are also required.
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Photograph, E-mail ID, the Phone number must be given. GST number will also be required
How to Apply for SBI ATM Franchise
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Some companies provide the franchisees of SBI ATMs.
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You can apply by visiting their official website.
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Tata Indicash, Muthoot ATM, and India One ATM have contracts to install ATMs in India.
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You can apply for your ATM by logging in online on the websites of all these companies.
Official Website
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Tata Indicash – https://indicash.co.in/
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Muthoot ATM – https://www.muthootgroup.com/index.php?/news/display/210
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India One ATM – https://india1atm.in/rent-your-space/
Cost of starting SBI ATM Franchise
You can register for SBI ATM Franchise from India cash (the country’s largest and oldest company). A security deposit of Rs 2 lakhs has to be kept for SBI ATM. It is fully refundable. Apart from this, working capital of Rs 3 lakh is necessary. The total investment will be up to Rs 5 lakh.
Profit from SBI ATM Franchise
You can get Rs 8 on every Cash Transaction & Rs 2 on Non-Cash Transactions. The return on investment ranges from 33-50% on an annual basis. Suppose if 250 transactions are done every day through your ATM, in which 65% is Cash Transaction & 35% is Non-Cash Transaction, then monthly income will be close to Rs 45,000. At the same time, if there are 500 transactions every day, then there will be a commission of about 88,000 – 90,000.
