Be a business partner with SBI, earn up to Rs 70,000 per month – Conditions, investment, income, required documents, – FULL DETAILS HERE
SBI company scheme: India’s largest lender, State Bank of India (SBI), is one of the country’s trusted banks and depositors firmly believe that their money is safe with SBI. However, if someone says that you can do business with SBI and earn up to Rs 60,000-70,000 per month, would you believe it?
It only takes one time which could fetch an investment of around Rs 5 lakh. If you are wondering what kind of business it is, let us tell you that we are talking about the SBI ATM Franchise.
Still confused? Understand this way –
Whenever you see ATMs in the market, near companies, schools or anywhere; what do you think Who installed it? If your answer is banks, then you are wrong. There are companies that install ATMs on a contract basis. These entrepreneurs are hired by the banks.
For example, Tata Indicash, Muthoot ATM and India One ATM have contracts to install ATMs for the State Bank of India. So, anyone wishing to get an ATM franchise from SBI must apply these companies through their official websites.
It should be noted that there are many frauds by defrauding people in the name of ATM franchises. So, if you want to apply for the SBI ATM franchise, be careful and apply only through the official website of the company.
SBI ATM Franchise: Terms and Conditions to Apply
There should be an area of at least 50 and 80 square feet to install an ATM booth. In addition, it must be at least 100 meters from other ATMs. Speaking of location, it should be such that it is easily visible to people. A 24-hour power supply and a power connection of at least 1 kW are also mandatory. Additionally, the hut must be a permanent building with a concrete roof and masonry walls.
If you live in a society, no certificate of objection will be required from the society or the authorities for the establishment of V-SAT.
SBI ATM Franchise: Required Documents
* Identity Proof – Aadhaar Card, Pan Card, Voter Card
* Proof of address – ration card, electricity bill
* Bank account and passbook
* Photograph, email id, phone number.
* Other documents/forms required by the company
* GST number
* Financial documents required by the company
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SBI ATM Franchise: Investment and Earnings Details
To get SBI ATM franchise approval, Rs 2 lakh has to be paid as security deposit and Rs 3 lakh as working capital. So, the total investment is Rs 5 lakh. It should also be noted that the amount may vary from company to company.
After all process from paperwork to installation, ATM will be available for SBI customers. In each cash transaction, you will receive Rs 8 and for non-cash transactions like balance checks and fund transfers, you will receive Rs 2.