Bank ATM Franchise is a very successful business model in today’s era. Tata Group is giving you a chance to open an ATM. You can easily earn 30-50 thousand rupees every month by taking franchise of Tata Indicash ATM.
Bank ATM Franchise business: The matter dates back to the 1980s when the first ATM was opened in India. In the last 20 years, there has been a flood of ATMs in the country, yet still they are far behind at the global level. India has only 28 ATMs per lakh population as against the global average of 50 ATMs. Banking sector experts say that ATM is a very important tool and facility in terms of Indian economy and banking. Its reach in rural areas is still not like that. In such a situation, it is also a successful business model.
According to the September 2020 report of the Reserve Bank of India, the number of ATMs in the entire country was 2 lakh 34 thousand 244. Especially after demonetisation, there has been a lot of boom in the ATM franchise business. How important ATMs are for financial work in our country can be gauged from the fact that according to the report of The Hindu Business Line, on an average, 2 lakh 60 thousand crore rupees are withdrawn from ATMs every year. It is 10 per cent of the total currency circulation. If you also want to take ATM Franchise then it has become quite easy. Let us know about it in detail.
Many companies offer ATM Franchise
ATM Franchise is a profitable business model from which your regular income is earned. First of all, let us tell you that this franchise is not given by any bank, but the banks have handed over this work to third party vendors. The prominent names in these are TATA INDICASH ATM, Hitachi, Muthoot ATM and India1ATM. Tata Indicash is the largest and oldest company among them. It offers franchisees on a security deposit of 2 lakhs which is refundable. Apart from this, Rs 3 lakh will have to be deposited as working capital. In this way the total investment is Rs 5 lakh.
Initially 5 lakh investment of which 2 lakh refundable
According to the information available on the website of Tata Indicash Franchisee, this franchise can be taken if you have at least 60-80 square feet of commercial space at the right location. It can also happen on space lease. After entering the application, Tata Indicash first shortlists your location. After this an agreement is prepared with the company. The total investment is Rs 5 lakh of which 2 lakh is refundable.
Your Responsibility for Maintenance of ATM
Once the ATM is started, you get a commission for all the transactions. Whoever gets this franchise, it is his responsibility to see the ATM operational work. Apart from this, electricity bill payment, carpenter works, house keeping and cleanliness there will be your responsibility. There is also a lock-in period of 1 year for this. Before that, if the ATM branch is closed, Rs 1 lakh will be deducted as penalty.
Rs 8 commission on every cash transaction
Talking about earning, you get Rs 8 on every cash transaction and Rs 2 on non-cash transaction. The return on investment ranges from 33-50% on an annual basis. In such a situation, if you also want to take the franchise of ATM, then fill the complete information by visiting this link https://indicash.co.in/contact-us/atm-franchise/. Apart from this, you can also get complete information by calling the toll free number 1800 2662 660.
You have to deposit money from the bank
In the middle story, 3 lakh working capital and return on investment has been mentioned. This is the same working capital that you will have to deposit by withdrawing from the bank again and again when the cash runs out in the ATM. Bank deposits money in your current account from where you have to withdraw money and deposit it in ATM. As the money goes out from the ATM, the bank keeps depositing the money in your current account and in return you also get a commission.
Earning 30-50 thousand rupees comfortablz
If you do a rough calculation of how much you will earn from an ATM, then if there are 250 transactions on a daily basis on a working capital of 5 lakhs, in which 65 percent cash transactions and 35 percent non-cash transactions, then monthly income will be close to 45 thousand rupees. With an average of 65/35, if 350 transactions are done daily, then 60-62 thousand rupees and if 500 transactions are done daily, about 88-90 thousand rupees will be made as commission. If the ATM space is your own, then the total expenditure of electricity and security guard will be around 30 thousand every month. In this way, it is possible to earn at least 15 thousand rupees and maximum 50 thousand rupees in a month. By the way, the earnings can be both more and less than this. It depends on how many customers visit there daily and how much transaction they do.