These days, everyone wants to be their own boss and have a business, but the reality is that today running a business is not easy as everyone thinks otherwise. First, there should be a lot of detailed knowledge related to starting any business. Basically, starting your own business is very hard work, and it is an expensive affair, but if we talk about investing Rs 5 lakh in any small business, then there is a monthly profit of Rs 60000-Rs 70000.
Actually, there is talk of ATM franchise of the largest government bank, State Bank of India in the country. The business can also be started at a low cost. So, let us know how this business can be started with little investment.
So, generally, when we go to withdraw money through ATMs at the same time, if we see the SBI ATM machine, we must think that the bank has installed it. But that is incorrect. These ATMs are actually installed by companies under contract with the bank. They go and install ATMs in different places.
If you also want to start a business with SBI, then let me inform you that if you think about installing SBI ATM, then understand that the contract for installing ATMs in the country is with Tata Indicash, Muthoot ATM, and India One ATM. And if you want to apply for SBI ATM franchise, then for that you have to apply by visiting the official website of these companies. Actually, many people have been cheated in the name of ATM franchise. So, be cautious and apply only via the official website of the company.
Start SBI ATM Franchise Business like this
For SBI ATM franchise, space required is 50 to 80 square feet because the ATM has to be at a distance of 100 meters from other ATMs, making the ATM visible to public people. Within that, 24-hour electricity and at least a 1 kW supply are necessary. Cabin construction would be brick and cement. If you are situated in a society then you would need a no objection certificate from the society/authority.
These documents are necessary
- ID Proof – Aadhar Card, PAN Card, Voter ID Card
- Address Proof – Ration Card, Electricity Bill
- Bank Account and Passbook
- Besides that, you will have to fill in the documents and forms given by the company
- GST Number
- Financial documents presented by the company
