The State Bank of India or SBI is providing a investment opportunity of earning up to ₹60,000 while sitting at home. The largest public sector bank in India is offering its ATM franchise to willing citizens at a one-time investment amount. But you should know that SBI will not install the ATM or any bank does not install the ATM itself. The ATM installation companies are different, they are hired on a contractual basis by the bank to do so.
Here Are The Conditions Under Which You Will Become Eligible To Avail This Earning Opportunity By SBI:
- You must have 50-80 square feet of space or land.
- Another ATM should be atleast 100ms close to your offered land.
- The space offered by you must not be in a secluded area and should be on the ground level.
- A 24-hour power supply must be arranged.
- ATMs should be capable of executing 300 transactions per day.
- A concrete roof is required where the ATM is installed.
- The space must have no objection letter or certificate from authorities or society.
Documents Required To Avail SBI ATM Installation Earning Opportunity
- An ID proof like Aadhaar Card, Pan Card, or Voter ID.
- Address proof involves a Ration Card and electricity bill.
- Passbook and Bank Account
- Photograph, Email ID, and Phone Number.
- GSTIN, Other required financial documents
How To Apply For The Same?
You apply for the SBI ATM Franchise by visiting the official website of different ATM Machines installation companies. In India, Tata Indicash, Muthoot ATM and India One ATM majorly have contracts for installing such machines.
The companies and their official websites:
Investment Required To Avail SBI ATM Installation Machine
Let’s understand by the oldest and the largest company TATA Indicash, the company will request you to deposit ₹2 Lakh as security money and ₹3 lakh as working capital. Thus, the final investment amount to avail SBI ATM installation earning opportunity is ₹5 lakh.
Also read:
UPI-Credit Card Linking Informed By RBI, Charges, Rules And More Inside
Amount That You May Earn
On every transaction in the form of cash, the investors can earn ₹8 and for every non-cash-related transaction, you get paid ₹2. On the annual basis, the return on the investment can range between 33-50 per cent. And investors can earn an income ranging from ₹45,000 to ₹90,000 monthly.
