1. News

SBI ATM Franchise: Earn Rs 60,000 Every Month; Know How to Apply

M Kanika
M Kanika
SBI ATM Franchise
SBI ATM Franchise

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 60,000 per month. Let me tell you that this opportunity is being given by the country's largest bank SBI- State Bank of India.

You can earn a good profit by taking SBI ATM Franchise.

How to get SBI ATM Franchise – Complete Process

Below we have given complete details as to how you can get SBI ATM Franchise and what documents you will need;

Conditions for Taking Franchise 

If you are interested in taking a franchise then at least you should have 50-80 sq. ft of space. It must be 100 meters away from other ATMs. Moreover, there should be 24 hours power supply, apart from this, a 1 kW electricity connection will have to be kept there.  The ATM space should have a cemented ceiling. Along with this, it is necessary to have a “No Objection Certificate” from the society or authority for installing V-SAT.

Documents Required for SBI ATM Franchise

  • You must have Aadhar Card, Pan Card, and Voter Card for the ID Proof.

  • It is necessary to have a ration card or an electricity bill for the address proof.

  • Bank account & passbook are also required. 

  • Photograph, E-mail ID, the Phone number must be given. GST number will also be required

How to Apply for SBI ATM Franchise

  • Some companies provide the franchisees of SBI ATMs.

  • You can apply by visiting their official website.

  • Tata Indicash, Muthoot ATM, and India One ATM have contracts to install ATMs in India.

  • You can apply for your ATM by logging in online on the websites of all these companies.

Official Website

How much will it Cost

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. 

Like this article?

Hey! I am M Kanika. Did you liked this article and have suggestions to improve this article? Mail me your suggestions and feedback.

Share your comments

Subscribe to our Newsletter. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice.

Subscribe Newsletters