You can apply for the ATM Franchise online by visiting official websites. To get an ATM franchise, you need to pay Rs. 2 lakhs as security deposit and invest Rs.3 lakh operating capital. In India only 25 ATM are available per lakh people, lower than the world standard. You get Rs 8 on every cash transaction and Rs 2 on non-cash transactions. The profit margin varies based on location, transactions, market potential, etc. The return on investment ranges from 33-50% annually.
To get SBI franchise, you need:
- 50-80 sq. ft space
- Located 100 meters from other ATMs
- 24 hour power supply
- 1 kW connection
- Concrete ceiling
- Society approval for V-SAT
- Guarantee of 300 transactions daily
The required documents are Aadhar Card, Pan Card, and Voter Card.
Muthoot Finance provides ATM franchises under Orange Booths. With Muthoot’s network, technology and banking services, the ATM franchise makes accessing cash easier for customers and increases profits.