Bengaluru :It is possible to earn Rs 60,000 to Rs 70,000 per month by taking an SBI ATM franchise. SBI Bank never install ATM machines. It is leased out to other companies. Some companies have acquired the ATM installation franchise. These companies identify ATM centers across the country and install ATM machines. Here's how to earn money from it.
Interested and eligible individuals can apply to private companies that have obtained franchisee permission and set up an ATM machine. After verifying all the documents, the company will install the ATM machine at your target location. After that it is possible to earn 60 to 70 thousand rupees per month.
Required qualification and facility
While granting your request, the location where the ATM machine should be installed should be identified and documented. A minimum space of 50 to 60 square feet is required. A concrete roof is mandatory. Shutter door should have safety standards. This station or center should have 24 hours electricity connection. 1 kW power connection is essential. The ATM center you are going to set up should be at least 100 meters away from another ATM center. There should be at least 300 transactions per day. NOC certificate should be obtained for building, center and places.
Tata Indicash, Moothoot ATM, India One ATM SBI has got the contract to install ATM. You can install an ATM machine by applying online to these companies. An initial security deposit of Rs 2 lakh (refundable) should be given, along with a working capital of Rs 3 lakh, i.e. a total capital of Rs 5 lakh can be used to start a business with a bank.
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