ATM Franchise Business
ATM: Nowadays There Are Many Ways To Earn Money. You Can Invest A Small Amount And Get Good Returns. ATM Franchise Business is a Business That Provides Good Returns Without Any Hassle. However, The Question May Arise Whether Banks Themselves Set Up ATMs. But, You Can Also Start an ATM business. Through This You Can Get A Steady Income of Rs.70 Thousand Per Month Without Any Effort. Now Let’s Find Out How.
ATM: A Good Opportunity Is Available For Those Who Want To Start A Business With Low Investment. That is The ATM Franchise Business. You May Find Something New. What is ATM Business? A Question May Arise Whether The Banks Themselves Will Set Up ATMs For Them. But You Can Also Start An ATM Business. You Can Invest Once And Get Steady Returns Gradually. If You Invest Rs.5 Lakh Once In This Business, You Will Have an Income Of Rs.60 Thousand To Rs.70 Thousand Per Month. We Know About ATMs of Public And Private Banks Of The Country Like State Bank of India, ICICI Bank, PNB, HDFC Bank. Apart From These There Are Also White Label ATMs. They Will Open ATMs With A Turnover Of Rs.100 Crores. Banks Install ATMs But Contract Out Some. We Have A Room For That. A Convenient Location For An ATM is Sufficient. Banks Will Give You A Contract if They Meet The Norms. They Will Pay You Commission Every Month. How to start an ATM franchise Business? What Are The Qualifications To Get An ATM Contract? Now Let Us Know The Complete Details.
Also Read – Best Business Ideas To Make Money: Look At These Businesses. Income In Lakhs. Many Options!
ATM Franchise Application
Many Banks Have Agreements With Tata Indicash, Muthoot ATM and India One ATM to set up ATMs in India. In This Order, If You Also Want To Set Up An ATM Franchise, You Should Apply To These Companies Through Their Official Websites. Nowadays it is Important To Apply Through The Official Website Of The Companies As Cyber Criminals Are Scamming In The Name Of Setting Up An ATM Franchise. If You Try To Apply Through Advertisements And Links Found Online, You Risk Losing Your Money.
What does an ATM Franchise Require?
To Set Up An ATM Cabin First You Need A Room Of 50 To 80 Square Feet. Also, It Should Be 100 Meters Away From Other Atms. It Should Be Ensured That The ATM is Easy To Find And Accessible To The People. There Should Be Flexibility Of Uninterrupted Power Supply. A 1kW Current Supply Will Be Required. The Cabin Shall Be A Permanent Building, Constructed With Concrete Roofing. If You Are Living in A Society You Must Get A No Objection Certificate From Them.
Documents Required for ATM Franchise
You Need Aadhaar Card, PAN Card, Voter ID Card To Set Up An ATM Franchise. Also Ration Card And Electricity Bill For Address Proof. Bank Account Passbook, Photos, e-mail id, Phone Number Have To Be Given. Depending on The Company, Other Documents And Forms Have To Be Submitted. Also, GST Number Is A Must. Other Required Financial Documents Will Have To Be Submitted.
How To Earn Income From ATM Franchise?
If You Apply For an ATM Franchise And Get Approved, You First Need To Pay Rs. 2 Lakhs As Security Deposit. Also Rs.3 Lakh Operating Capital Should Be Invested. This Amount Varies From Investment Company To Company. About Rs.5 Lakhs Should Be Invested. After Setting Up Your Atm Franchise Your Income Depends On The Customers. You Will Get Commission Up To Rs.8 On One Transaction. Also, Banks Pay Rs.2 Per Transaction For Non-cash Transactions Like Balance Check And Fund Transfer.
These Have Been Allowed Since 2012
The Reserve Bank of India Has Issued Guidelines For Setting Up White Label ATMs Since 2012. Rbi Has Been Issuing Licenses For Setting Up White Label ATMs Since 2013. Rbi Has Given The First License To Tata Communications Payment Solutions Company. It is Known That This Company Is Setting Up ATMs in The Name Of Indicash. It Is Reported That 15 Companies Have Licenses So Far. You Can Apply For Setting Up An ATM Franchise In Your Area From The Respective Companies. If Approved You Can Get Steady income.
