SBI ATM Franchise: earn up to 90,000 rupees from home, know how to apply Details.
Welcome back to our informative blog site knowingsteps360 with a new IMP News. The country's largest government bank State Bank of India has brought a better opportunity for you. Through this business, you can earn a profit of up to 90 thousand rupees every month. We are talking about SBI ATM Franchise. If you take an ATM franchise, then you can earn a lot every month.
If you are planning to start a business while sitting at home or if you are looking for some extra income, then this article is for you. Today we will give you a Profitable Business Idea through which, you can earn at least Rs 90,000 per month. Let me tell you that this opportunity is being given by the country's largest bank SBI- State Bank of India. so in this blog post, we show How to apply for this business process of SBI ATM Franchise 2022.
Main Conditions for taking SBI ATM Franchise
1. To take the franchise of SBI ATM, you should have 50-80 square feet of space.
2. Its distance from other ATMs should be 100 meters.
3. Keep in mind that this space should be on the ground floor and have good visibility.
4. There should be 24 hours power supply, apart from this, a 1 kW electricity connection is also mandatory.
5. This ATM should have a capacity of about 300 transactions per day.
6. The ATM space should have a concrete roof.
7. No objection certificate is required from the society or authority for installing V-SAT.
Documents Required for Franchise of SBI ATM
1. ID Proof – Aadhaar Card, Pan Card, Voter Card
2. Address Proof – Ration Card, Electricity Bill
3. Bank Account and Passbook
4. Photograph, E-mail ID, Phone No.
5. Other Documents
6. GST Number
7. Financial Documents
How to Apply for State Bank of India(SBI) ATM Franchise?
The online applications can be made for SBI ATM Franchisee from the official website of the companies. Companies that install ATMs are different. Most of these contracts are with Indicash, Muthoot ATM, and India One ATM.
Official Website where you can Apply for SBI ATM Franchise
Tata Indicash – https://indicash.co.in/
Muthoot ATM – https://www.muthootgroup.com/
India One ATM – https://india1payments.in/
How much cost for SBI ATM Franchise?
You can register for SBI ATM Franchise from India cash (the country’s largest and oldest company). A security deposit of Rs 2 lakhs has to be kept for SBI ATM. It is fully refundable. Apart from this, working capital of Rs 3 lakh is necessary. The total investment will be up to Rs 5 lakh.
How much will you Earn from SBI ATM Franchise?
You can get Rs 8 on every Cash Transaction & Rs 2 on Non-Cash Transactions. The return on investment ranges from 33-50% on an annual basis. Suppose if 250 transactions are done every day through your ATM, in which 65% is Cash Transaction & 35% is Non-Cash Transaction, then monthly income will be close to Rs 45,000. At the same time, if there are 500 transactions every day, then there will be a commission of about 88,000 – 90,000.
Check Also: Get 1 Lakh Loan Rs in One Minute, SBI, Know Details.
0 Comments