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New Delhi. In the midst of the Corona crisis, if you are also planning to start your business or are looking for a means of earning extra money, then we will tell you about such a business idea. You can easily earn 60 thousand rupees every month. This opportunity is being given to you by the country’s largest public sector lender State Bank of India (SBI). Actually, you can earn big every month by taking SBI ATM Franchise.

Companies that install ATMs of public and private sector banks are different. Most of the banks give contract to install ATMs to some companies, who work to install ATMs at different places. Let us tell you how you can earn good money by taking ATM franchise. Tata Indicash is the largest and oldest company among them. It offers franchisees on a security deposit of Rs 2 lakh, which is refundable. Apart from this, Rs 3 lakh will have to be deposited as working capital. In this way the total investment is Rs 5 lakh.

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On what terms is the franchise available?
You should have 50-80 square feet of space.
Its distance from other ATMs should be 100 meters.
– This space should be on the ground floor and a place with good visibility.
– There should be 24 hours power supply, apart from this 1 kW electricity connection
This ATM should have a capacity of about 300 transactions per day.
The ATM space should have a concrete roof.
No objection certificate is required from the society or authority for installing V-SAT.

Documents Required for Franchisees
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

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How to Apply for ATM Franchisee
Some companies give the franchise of SBI ATM. You can apply online by visiting their official website. Let us tell you that the companies that install ATMs are different. Tata Indicash, Muthoot ATM and India One ATM have the contract to install ATMs mainly in India. For this, you can apply for your ATM by logging in online on the websites of all these companies.

Company’s official website
Tata Indicash – www.indicash.co.in
Muthoot ATM – www.muthootatm.com/suggest-atm.html
India One ATM – india1atm.in/rent-your-space

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how much can be earned
Talking about earning, you get Rs.8 on every cash transaction and Rs.2 on non-cash transaction. The return on investment ranges from 33-50% on an annual basis. For example, if 250 transactions are done everyday through your ATM, in which 65 percent is cash transaction and 35 percent is non-cash transaction, then monthly income will be close to 45 thousand rupees. At the same time, if there are 500 transactions daily, there will be a commission of about 88-90 thousand.

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