In this way, you can earn 60000 rupees a month from SBI Bank!
State Bank of India brings to you an opportunity to earn money sitting at home with a lump sum investment. SBI is providing people with their SBI ATM Franchise. However, the concerned bank will not install the ATM but will approach the third party for the same.
Here are the things you need to get an SBI ATM franchise:
You should have 50-80 square feet of space with a distance of not more than 100 meters from other ATM counters.
There should be space on the ground floor.
- The place should have a 1 KW electricity connection with a 24X7 hrs power supply.
The ATM capacity should be around 300 transactions per day.
It is necessary to have a no-objection certificate (NOC) in place for the installation of the ATM machine.
Documents Required for Franchisee:
- Address Proof (Ration Card, Electricity Bill)
- ID Proof (Aadhaar Card, Pan Card, Voter Card)
- Bank Account & Passbook
- Email ID
- Phone Number
- GST Number
- Financial Documents
Here's how to apply for ABI ATM Franchise:
An individual can apply for the franchise through various companies that provide ATM franchise services like Tata Indicash, Muthoot ATM, and India One ATM.
Here's a look at how much you can earn from franchising:
A person gets Rs.8 for every cash transaction and Rs.2 for non-cash transactions. The return on investment varies between 33-50% on a yearly basis.
If an ATM goes through 250 transactions per day - 65 percent cash transactions and 35 percent non-cash transactions, the monthly income would be close to Rs 45,000. At the same time, a commission of about Rs 88,000-90,000 will be available for doing 500 transactions daily.