SBI ATM Franchise: Doing business is not easy as it demands both time and effort. But if someone tells you that an investment of Rs 5 lakh can earn up to Rs 60 to 70 thousand per month.
You hardly want to miss such an opportunity. After reading this, you might also be thinking that where to invest the money, then let us tell you that we are talking about SBI ATM Franchise.
ATM installation work is done on contract
You might be thinking that the bank itself installs the ATM. 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 will have to visit the official website of the above mentioned companies. It is necessary 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 in this work.
Application condition for SBI ATM Franchise
You must have 50 to 80 square feet of space for the ATM cabin. Also, it should be at a distance of about 100 meters from another ATM. Also, this place should be at such a place where people can see it easily. There should be proper arrangement of light here and 1KW electricity connection is also necessary. It is necessary to have a 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
Earnings from ATM Franchise
You will have to make a security deposit of Rs 2 lakh and working capital of Rs 3 lakh will be required to start ATM franchise. After making this investment, the bank will earn you Rs.8 for every cash transaction and Rs.2 for every non-cash transaction like balance check and fund transfer etc.
