SBI ATM Franchise: When it comes to business, we understand that it requires dedication and hard work. However, imagine an opportunity where an investment of just ₹5 lakh can yield a consistent monthly income of ₹60,000 to ₹70,000.
Such a promising prospect is hard to ignore. If you’re wondering where to invest your money, look no further than the SBI ATM Franchise.
ATM installation work completed on contract
Contrary to popular belief, the installation of ATMs is not handled directly by the bank itself. Instead, the ATM installation work is contracted to specific companies. State Bank of India (SBI) has partnered with Tata Indicash, Muthoot ATM, and India One ATM for this purpose.
Apply on the official website
Applying for an SBI ATM Franchise is a straightforward process. Visit the official website of the aforementioned companies to submit your application. It’s crucial to exercise caution and only apply through the official website, as instances of fraud have been reported in this field.
Requirements for SBI ATM Franchise Application
To be eligible, you must have a space of 50 to 80 square feet available for the ATM cabin. The location should be approximately 100 meters away from another ATM and easily visible to people. Adequate lighting and a 1KW electricity connection are necessary. The cabin should have a concrete roof and cement walls. If your chosen location falls under any society or authority, you will need to obtain a No Objection Certificate (NOC) from them.
Essential Documents
- Aadhaar, PAN Card, and Voter ID
- Ration Card and Electricity Bill
- Bank Account and Passbook
- Photograph, Email ID, and Phone Number
- GST Number
- Financial documents as required by the company
- Earnings from the ATM Franchise
ATM Franchise Earnings
To start an ATM franchise, a security deposit of ₹2 lakh is required, along with a working capital of ₹3 lakh. Once you have made this investment, you will earn ₹8 for each cash transaction and ₹2 for non-cash transactions such as balance checks and fund transfers.
