Earn Rs 60,000 monthly from SBI ATM Franchise business, here’s how
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Most of the people always try to earn some extra money apart from their daily job or business. There are different ways and means through which extra money can be earned. Today, we are going to tell you one such business idea by which you can easily earn 60 thousand rupees a month by simply sitting at home.
The State Bank of India is giving the great opportunity to earn money by taking SBI ATM Franchise. However, you should know that the concerned banks do not install its ATM. It gives to third parties or other companies on contract basis to install ATMs at different places.
Here are some prerequisites for taking SBI ATM Franchise
You should have 50-80 square feet of space with a distance of more than 100 meters from other ATM counters.
This space should be on the ground floor and seen to all.
It should have 1 KW electricity connection with 24X7 hours power supply.
This ATM should have a capacity of about 300 transactions per day.
The local administration must issue a no objection certificate for installation of the ATM machine.
List of documents needed for SBI ATM Franchise
Address Proof (Ration Card, Electricity Bill)
ID Proof (Aadhaar Card, Pan Card, Voter Card)
Bank Account and Passbook
Here’s how you can apply for SBI ATM Franchise
There are different companies which provide the ATM Franchise services. The top three companies which provide the services are Tata Indicash, Muthoot ATM and India One ATM.
You can apply for the ATM Franchise online by visiting the official websites of all the companies.
List of websites to apply for ATM Franchise
Tata Indicash (www.indicash.co.in)
Muthoot ATM (www.muthootatm.com/suggest-atm.html)
India One ATM (india1atm.in/rent-your-space)
How much you can earn from ATM Franchise
A report of businessleague.in revealed that you get Rs 8 on every cash transaction and Rs 2 on non-cash transactions. The return on investment ranges from 33-50% on an annual basis. For example, if 250 transactions are done every day 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.