Rent Your Space for ATM Installation (SBI, PNB, HDFC Bank) ATM Space Rent Application Form:- Hello Friends!! Here we brought a new topic that will give answers to your all the questions regarding installation of an ATM in your commercial space. ATM is the easiest medium to make cash transactions from a bank account. In India, all the banks, government banks, or nongovernment banks are installing their ATM in rural areas of the country as well as the urban areas. So the requirement of commercial space for ATMs is in high demand.
The Banking Sector process has been changed with the ATM installation because people nowadays did not visit the banks for their daily cash requirements. There are several types of STM operated under the governance of the Reserve Bank Of India. and all the banks, both government and private work under the rules of the RBI. Let’s elaborate more facts on Rent Your Space for ATM Installation (SBI, PNB, HDFC Bank) along with the ATM Space Rent Application Forms & Contact Number in the below sections of the blog post.
Rent Your Space for ATM Installation
Automatic Teller Machines (ATMs) are installed in various places near you. Lots of people always think about how and who gives permission to install an ATM at a particular space or location. according to the general notification by the RBi Head office of the bank is solely responsible to install an ATM in any of the spaces selected by the bank. So if you want to install an ATM at your space then you have to connect with the banks.
All the processes of Installing the ATM are given on the fair governmental process and you must have to invest some amount to install an ATM in your space on rent. The rent of the ATM is decided by the mutual understanding between the bank and the individual who own the space. However, the lower and higher rate of the rent for the ATM was fixed by the Reserve Bank of India. Let’s look at the highlights of Rent Your Space for ATM (SBI, PNB, HDFC Bank) Installation in the below section of the article. Keep scrolling down below.
Rent Your Space for ATM (SBI, PNB, HDFC Bank) Installation – Highlights
|Blog Post||Rent Your Space for ATM|
|Space Requirement||As per RBI Guideline|
|Minimum Rental||Rs 15000/- Per month|
|Maximum Rent||Rs 25000/- Per Month|
|Rent Lease Period||Minimum 1 Year to 5 Year|
|Leasee||Owner of Commercial Space|
|Leaser||Bank, NBFC, and Franchise|
|Mode of agreement||Offline|
|Mode of Application||Online/ Offline|
|ATM Space Rent Application Form Download||Click Here|
Expense & Profits ATM Installation
All the banks are using third parties to install the ATM all over India. According to the bank information there that there are few companies that are in the franchise business of all the banks in India. Below are the details of the Installation expense and profit
1) ATM Installation Expense Charge;
- Security Deposit – Rs 2 Lakh
- Operating Cost – Rs 3 LakhRequired Space- 50 to 80 Square Feet.
- Electricity Capacity – 1 KVH Power Connection
- Construction Requirement- Permanent structure with Concrete Roof.
2) ATM Installation- Profit;
- Cash Transaction- Rs 5 per Transaction
- Non-Cash Transactions- Rs 2 Per Transaction
Top ATM Franchise Companies List
Whenever we see of visit the ATMs near us we always thought about the ATM is being operated by the bank whose name is on the board of the ATM. No, the fact is not true no banks are operating their own ATMs. The ATM facility all over India is under the operation of a third party, Which means whenever you visit SB ATM it does not mean the SBI is operating that ATM.
Basically, banks have hired contractors for the operation of ATMs all over India, Tata, Muthoot, India One ATM and Hitachi are the Key contractor of ATM All over India. So if you wish to open an ATM at your location you have to contact directly to these contractor officers online through their official website.
- Tata Indicash- Official website => Click Here
- Hitachi ATM- Official Website => Click Here
- One India ATM- Official Website => Click Here
- Muthoot ATM- Official Website => Click Here
Essential Requirements for an ATM Franchise
You must have to check out the required documentation to obtain the franchise ATM. All the processes of buying a franchise ATM will go under the legal process. So the documents will be verified first. The processing charge of legal documents will be borne by the company.
Below is the list of required documents and other credentials for ATM Franchise Installation;
- ID Proof – Aadhaar Card, Pan Card, Voter Card
- Address Proof – Ration Card, Electricity Bil
- Bank Account and Passbook
- Photograph, E-mail ID, Phone No.
- Other Documents/Forms as required by the company
- GST Number
- Financial Documents required by the company
- No Objection Certificate from the society nearby
ATM Space Rent Application Form
If you are really serious about the franchise business of ATM installation you must have to submit your application form directly to the official website of the contractor companies of banks. Once you have submitted the application form online and received it by the officials of the company. The office will contact you and visit your place for the survey and after the meeting and survey by the officials, the company will move forward with the legal process and sake you to deposit the security amount and franchise charge.
Below is the list of Companies that are providing the franchise of the ATM installation on rent in your location:-
- Hitachi ATM Franchise
- Union Bank ATM Space for Rent
- Kotak Mahindra Bank ATM Spcae for Rent
- Bandhan Bank ATM Space for Rent
- HDFC Bank ATM Space for Rent Contact Number
- Bank of Baroda ATM Franchise
- PNB ATM Franchise Apply Online
- SBI Bank ATM Space for Rent
- ICICI Bank ATM Space for Rent Franchise
- Axis Bank ATM Space for Rent Online