SBI: We’re going to give you a business idea today if you’re looking for extra money or if you too want to start a business from home. we will explain how you can easily make 60,000 rupees a month while working from home. This opportunity is being provided to you by SBI (State Bank of India). Let us inform you that obtaining an SBI ATM franchise from State Bank of India will enable you to earn this.
ATM Installation Dynamics
Let us tell you that you that not all companies install ATMs. The ATMs are never installed by the bank automatically. Certain businesses are contracted by the bank to install ATMs, and they install ATMs at various locations. Allow us to explain how obtaining an ATM franchise can help you make a good living.
Requirements for obtaining an ATM franchise from SBI
- Your space should be between 50 and 80 square feet.
- He should be a full hundred metres away from the other ATM.
- This area ought to have excellent visibility and be on the ground floor.
- Aside from this 1 KW electrical connection, there should be a 24-hour power supply.
- About 300 transactions should be able to be processed through this ATM each day.
- There ought to be a concrete roof over the ATM area.
- Installing V-SAT does not require a certificate of no objection from any authority or society.
Documents
- ID Proof – Aadhaar Card, Pan Card, Voter Card
- Address Proof – Ration Card, Electricity Bill
- Bank Account and Passbook
- Photograph, E-mail ID, Phone Number
- Other Documents
- GST Number
- Financial Documents
SBI ATM Franchise Opportunities
Certain companies offer SBI ATM franchises. Applying online is possible if you go to their official website. Allow us to inform you that not all companies install ATMs. India, Muthoot ATM, and Tata Indicash The contract for installing ATMs is with one ATM, primarily in India. You can apply for your ATM for this by visiting the websites of each of these businesses and logging in.
Tata Indicash – www.indicash.co.in Muthoot
ATM – www.muthootatm.com/suggest-atm.html
India One ATM – india1atm.in/rent-your-space
A Pioneer in ATM Franchising
The oldest and biggest of them is Tata Indicash. It provides franchisees with a refundable security deposit of two lakhs. In addition, a working capital deposit of Rs 3 lakh is required. Thus, the entire investment comes to Rs 5 lakh.
Transaction Earnings Structure
In terms of earnings, each cash transaction yields an amount of Rs. 8, while non-cash transactions yield Rs. 2. The annual return on investment falls between 33 and 50 percent. For instance, your monthly income will be almost forty-five thousand rupees if you use your ATM for 250 transactions a day, of which 65% are cash transactions and 35% are non-cash transactions. At the same time, a commission of roughly 88–90 thousand will be charged if there are 500 transactions every day.
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