Hello, Opportunity Seeker Extraordinaire! 👋
Are you tired of the monotonous job hustle or looking for a secondary source of income? Well, we have an exciting opportunity just for you!
Imagine running a business that is virtually unstoppable, all from the comfort of your home. Introducing the SBI ATM Franchise.
Let’s delve into How to apply online for the SBI ATM Franchise, How much you can earn from the SBI ATM franchise, Benefits of SBI ATM Franchise, and How much investment is required to open an SBI ATM Franchise. Shall we?
Why Choose the SBI ATM Franchise: SBI ATM Franchise Details
Opting for the SBI Franchise Scheme is like hitting the jackpot, and here’s why:
- More than 50,000 ATMs spread across India, even in the smallest of towns.
- SBI’s ATM network is the largest in India and continues to grow.
- Use SBI and partner banks’ ATMs with a special SBI card without any fees.
- The SBI ATM accepts various card types, from Mastercard to VISA.
- SBI is a prominent government-backed bank, ranking high among Fortune 500 companies globally.
- Known as the most robust bank in the country!
Choosing SBI is like possessing a map to financial success!
What is SBI ATM Franchise Offer?
Imagine having your very own ATM machine through SBI, the paramount bank.
They partner with reputable companies like India 1, Muthoot Finance, and the esteemed TATA Indicash to provide this opportunity.
TATA manages the installation, while SBI ensures everything runs smoothly.
What is an SBI White Label ATM?
A white label ATM is different from regular ATMs as it does not belong to a specific bank and lacks any bank’s logo.
These special ATMs were permitted by the RBI in 2012, allowing companies with substantial capital to set them up.
Various companies, including Muthoot Finance, India One, and Indicash, have ventured into this field.
All You Need To Know About SBI ATM Franchise Cost
To set up your SBI ATM Franchise, you’ll require approximately ₹5 lakhs.
A security deposit of ₹2 lakhs is held by SBI, but it is refundable. The remaining ₹3 lakhs serve as working capital.
If you decide to exit the ATM business early, SBI returns ₹1 lakh.
For detailed ATM setup information, visit TATA Indicash’s website.
Profit of SBI ATM Franchise: ROI
With an SBI State ATM franchise, you can initiate a small business with high income potential.
Each transaction yields revenue – around ₹8 for cash transactions and ₹2 for non-cash transactions.
Having 300 to 500 daily transactions could result in monthly earnings of ₹45,000 to ₹90,000.
It’s like owning a money-making magic machine! The more transactions, the higher the profits!
SBI ATM Franchise Requirements
To acquire an SBI ATM franchise, apart from the initial investment, you’ll need:
- Commercial space of 50 to 80 sq ft.
- No other bank ATM within a 100m radius.
- Visibility and accessibility of the ATM’s location.
- A 1 KW power rating with continuous supply.
- Minimum of 300 daily transactions commitment.
- A secure concrete roof for the ATM’s protection.
- Approval for V-Sat installation from authorities or the owner.
Documents Required for SBI ATM Franchise: For KYC
Franchisees must undergo mandatory Know Your Customer (KYC) verification. Required documents include:
- ID Proof: PAN, Aadhaar, or Voter Card.
- Address Proof: Electricity Bill, Ration Card, etc.
- Bank passbook and account details.
- Passport-size photographs.
- Email ID, phone number, and GST details.
- Financial documents showing net worth and business skills.
How to Apply for SBI ATM Franchise: The Process
1. Visit the official website of companies providing franchising.
2. Read all the guidelines.
3. Fill in the online application form.
4. Attach the required documents.
SBI ATM Franchise Support
Require assistance or have queries? Contact the SBI ATM franchise support at 080-26599990.
SBI is there to guide you every step of the way!
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