Although ATMs were introduced in India in the 1980s, it still only has 28 ATMs for 1 lakh population as compared to the global average of 50 ATMs. This only goes to show the ATM franchise system is growing and has already been considered a successful business model in India.
However, some banks provide ATM franchises at a huge cost which is not possible for everyone. Tata’s Indicash ATM franchise, one of the oldest and largest companies provides franchises on a deposit of 5 lakhs, out of which 2 lakhs are refundable and the 3 lakhs are deposited as working capital.
Indicash ATM Franchise: What is Required to Start an ATM?
According to information on the Tata Indicash ATM Franchise website, you can acquire this franchise if you have at least 60 to 80 square feet of commercial space in the appropriate location. It is also possible to do so through a space lease. TATA Indicash shortlists your location after you enter the application. After that, a deal with the business is proposed.
Indicash ATM Franchise: How to Maintain ATM Franchise?
You get a commission for each transaction as soon as the ATM is turned on. It is the franchise owner's duty to ensure that the ATM is working. Additionally, there is a one-year lock-in period for this. Prior to that, a penalty of Rs. 1 lakh could be imposed if an ATM branch is closed.
Indicash Bank ATM Franchise Commission Rate:
Regarding revenues, you receive Rs. 8 on each transaction and Rs. 2 on non-cash ones. The annual investment return is between 35% and 50%. In such a circumstance, if you would also like to get an ATM franchise, please fill out the form found at TATA Indicash ATM Franchise. In addition, you can reach us at the toll-free number 18002662660 to acquire all the details.
How to Earn Money from Bank ATM Franchise?
If you make an educated guess as to how much money you make from ATMs, 250 transactions a day on a working capital of 5 lakhs, or 65% of that, will be close to 45 thousand rupees on average. If 350 transactions are made each day, then 60–62 thousand rupees will be made as commission, and if 500 transactions are made each day, then 88–90 thousand rupees will be made. If the ATM space is your own, then the total cost of electricity and a security guard will be about 80,000 rupees each month. This will allow you to make a minimum of 15,000 and a maximum of 50,000 rupees per month.
