SBI bank is giving great earning opportunity, you can earn millions in one month, know full details.
State Bank of India (SBI) offers an attractive opportunity for individuals to earn substantial income. By joining this scheme you can earn lakhs of rupees in a month. This is a business opportunity that provides good earning potential.
SBI’s plan is suitable for individuals who are looking for ways to earn more money. With this scheme, you can earn Rs 60,000 to Rs 80,000 per month with an annual income of up to Rs 10 lakh.
Many organizations today offer similar opportunities to earn money from the comfort of your own home. However, SBI’s offer is particularly impressive as it belongs to the country’s largest bank. If you are interested in earning substantial income, consider joining SBI’s scheme.
SBI recently announced a new schedule in which it aims to increase the number of ATMs in every state of the country. As part of this initiative, the bank is offering ATM franchise opportunities to individuals. By availing this opportunity, individuals can earn substantial income.
However, certain conditions must be met to be eligible for an ATM franchise. It is important to note that the bank itself does not install ATMs. Instead, the bank has tied up with Tata Indicash, Muthoot ATM and India One ATM to install ATMs. These companies will install the ATM and the franchisee will be responsible for its maintenance and other operational aspects.
In summary, SBI offers ATM franchise opportunities to individuals as part of its initiative to increase the number of ATMs in the country. If you meet the conditions and are interested in this opportunity, you can earn substantial income by taking advantage of this opportunity.
Know the requirements for taking an ATM franchise
Eligible conditions for taking an SBI ATM franchise include:
Available space: You should have at least 50-80 square feet of space to install an ATM.
Location: There should be no other ATM within 100 meters radius of your proposed location.
Power Supply: There should be 24-hour power supply with 1 KW power connection to ensure smooth functioning of ATM.
Financial Capacity: You must have the financial capacity to invest in the ATM and its maintenance.
Background Check: SBI may conduct a background check to ensure that you have a good track record and are eligible for the franchise.
It is important to note that these are the basic requirements, SBI may have additional criteria that need to be met before being approved for a franchise. It is best to check with the bank for specific requirements.
Know how to apply for SBI ATM franchise
If you are interested in applying for an SBI ATM franchise, you can do so by registering with one of the companies that SBI has tied up with to set up ATM franchises such as Tata Indice, Muthoot ATM and India One ATM. The procedure for applying for a franchise is as follows.
- Visit the official website of the company you want to register with.
- Find the option to register for SBI ATM franchise on the website.
- Fill the registration form with the required information, such as your name, contact details and details about the proposed location for the ATM.
- Submit the filled form along with any required documents, such as proof of identity and proof of address.
- Wait for the company to review your application and do a background check.
- If your application is approved, the company will contact you to discuss further details and proceed with the ATM setup process.
It is important to note that each company may have its own specific process for applying for an SBI ATM franchise. It is best to check with the company directly for more information on the application process.
Documents Required for SBI ATM Franchise
To apply for an SBI ATM franchise, you will need to provide certain documents as part of the application process. These documents include:
ID Proof: This can include Aadhaar Card, PAN Card or Voter Card.
Address proof: This can include a receipt card, electricity bill or any other official document that verifies your address.
Bank Account and Passbook: You will need to provide your bank account details and a copy of your bank passbook.
Financial documents: Depending on the company, you may be required to provide financial documents such as bank statements, balance sheets and income tax returns.
Business Registration Certificate: If you are applying as a business entity, you need to provide your business registration certificate like GST, VAT, PAN, TAN etc.
It is important to note that the specific documents required may vary depending on the company you are applying through. It is best to check directly with the company for more information about the required documents.
An ATM franchisee will earn this much annually
When you take an SBI ATM franchise, you will need to deposit an initial amount of Rs 2 lakh and maintain a working capital of Rs 3 lakh. In return for operating the ATM, you will earn a commission on each transaction. Specifically, you will earn Rs 8 for every cash transaction and Rs 2 for non-cash transactions.
60,000 to 80,000 rupees per month can be earned based on this commission. If you calculate the annual income it can be around 10 lakh rupees. However, it is important to note that the actual earnings will depend on the number of transactions at the ATM and this may vary depending on the location of the ATM and other factors.
It is important to understand that an ATM franchise is a business and it requires your time and effort to make it successful. Additionally, you will also be responsible for maintaining the ATM and ensuring that it is in good working order. With the right location, good customer service and regular ATM maintenance, you can earn substantial income through SBI ATM franchise.