In this way, you can earn 60000 rupees a month from SBI Bank!

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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.

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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

- Photograph

- 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.

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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.