SBI ATM Franchise: In this era of inflation, it is becoming difficult to run the household expenses with empty salary. In such a situation, every person is engaged in finding a means of additional earning. If you also want to earn bumper every month apart from salary, then State Bank of India (SBI) is giving you this great opportunity. This scheme of SBI is so great that you can earn thousands of rupees per month by joining it. Now let us tell you about this scheme.
To earn this bumper, you have to take an ATM franchise of SBI. After taking an ATM franchise, the bank will pay its rent every month. Please note that no bank sets up its own ATM. Contracts are given to companies to install ATMs, which work to install ATMs from place to place.
Requirements for taking SBI ATM Franchise
- Applicant should have 50-80 square feet space.
- Its distance from other ATMs should be 100 meters.
- Much better if your place is on main road, market or crowded place.
- Apart from this, you will have to arrange 24 hours power supply at that place, whose connection should be one kilowatt.
- The ATM should have a capacity of about 300 transactions per day.
- The shop where the ATM is to be installed should be pucca.
- For getting VSAT installed, it is necessary to have NOC from the society or authority.
what documents will be needed
The applicant must have ID proof (Aadhaar card, PAN card or Voter ID card). Apart from this, address proof (ration card or electricity bill), bank account number and passbook, photograph, e-mail ID, phone number, GST number and financial documents will be required.
How to apply for ATM Franchisee
As we told you that the bank gives contract to some companies to install ATMs. In India, mainly Tata Indicash, Muthoot ATM and India One ATM companies do the work of installing ATMs of banks. You can apply online by visiting the website of these companies.
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How much investment is needed to get a franchise
Let us tell you that Tata Indicash gives franchise on a security deposit of Rs 2 lakh. This money is fully refundable. Apart from this, you will have to deposit Rs 3 lakh more as working capital, that is, in total you will have to invest Rs 5 lakh.
How much and how will you earn?
The earning from this depends on the use of ATM by the people. That’s why the location of the ATM is very important. The franchisee gets Rs.8 on every cash transaction and Rs.2 on non-cash transaction. For example, if you have 250 transactions per day from your ATM, in which 65 percent are cash transactions and 35 percent are non-cash transactions, then your monthly income can also be up to 45 thousand rupees.
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