Low Investment Business: You must have often heard about the business related to bank ATM, it is considered a good option giving a stable income. Through this business, it is possible to earn up to 45 to 90 thousand rupees every month.
Many banks in the country (SBI Business) offer franchises for ATM operations, including State Bank of India. Through the SBI ATM Franchise, people can earn a stable and good income sitting at home.
Low-cost profitable business -
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 a 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 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 per non-cash transaction. Non-cash transactions include checking account balances 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 ATMfranchisese, but companies like TatIndicash, India One and Muthoot ATM are authorized for this. Some important terms and conditions have to be followed to get an ATM franchise.
1. Location and infrastructure requirements -
- There should be 50 to 80 square feet of space to install an ATM.
- The location should be near a crowded area, market, railway station, bus stand, or main roads.
- A 1KW connection is required for 24×7 power supply.
- CCTV cameras, internet connection, and security of the ATM 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.
- There should be a rent agreement or ownership proof of the place.
3. Security deposit and investment -
- To get a franchise, a security deposit of about Rs 2 lakh to Rs 3 lakh will have to be given.
- Installing and operating an 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.).
- Earning up to 90,000 per month is possible if there are 250-300 transactions per day at a good location.
5. Responsibility for operation and maintenance -
- Maintenance and servicing of the ATM will have to be ensured.
- The franchise holder will be responsible for putting cash in the machine on time.
- In case of a technical fault or network problem, the concerned company will have to be informed.
6. Important precautions -
- SBI does not give franchises directly, so contact only authorized companies.
- To avoid fraud, apply only by visiting the official websites of companies like Tata Indica, India One, and Muthoot ATM.
- Invest after understanding the terms and conditions of the franchise thoroughly.
How to apply?
To apply for an SBI ATM franchise, you can visit the official websites of these companies:
Tata Indicash - www.indicash.co.in
India One ATM - www.india1atm.in
Muthoot ATM - www.muthootatm.com
By applying the right information, you can earn good money from this business.
Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
