Just submit these documents to earn Rs 60,000 every month from SBI; Know the details

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
  • Photograph
  • E-mail ID
  • Phone Number
  • GST Number
  • Financial Documents
  • Other Documents

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.

(Sources: businessleague.in)

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10 Comments
  1. S Patel says

    Details exist only about Tata, Muthoot & India One…..WHAT ABOUT SBI ? When we checked with all three all said they will give franchise of their own but NOT that of SBI. Who should we contact if we want ONLY SBI ATM franchisee ? Give that detail. This is totally MISLEADING INFORMATION you are giving in the name of SBI. This is WRONG !!!

    1. Me says

      Exactly!
      There is no lead regarding SBl.you have given headline SBI ATM FRANCHISEE.

  2. Paul Panmei says

    Your article is totally out of your topic. Those three companies do not provide SBI ATM.

  3. Debasish Bera says

    Open a new ATM

    1. Jayapriya says

      I need to take atm franchise

  4. Rhea says

    i want to give my shop/office on rent installation ATM for any bank.

    1. Jai singh says

      I want to give my shop on rent for ATM

  5. Ashu says

    I Am Ashish

  6. Manu karmakar says

    I want to give my shop on a rent for ATM

  7. Ankit kushwaha says

    I Have a space for Atm Machine installation.

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