Business Idea: Earn Rs 60,000 per month from home; start SBI ATM Franchise

Earn up to 60,000 from work from home isn't it sounds great. Just start your own business by working from home yes it is possible the biggest bank in the country SBI is giving this opportunity by taking State Bank of India's ATM franchise.

Companies that install ATMs are different. ATMs never work automatically. The bank contracts to install ATMs in some companies. These companies install ATMs everywhere. You can also earn a good income by taking an ATM franchise.

What are the conditions for taking the SBI ATM franchise?

You need to have 50-80 sq. ft space. The feet need space. The distance between the second ATM should be more than 100 meters.

Ground floor or good visibility. 24 hours power, 1 kW connection.

There should be 300 transactions per day from ATMs. Concrete roof in place of ATM. No Objection Certificate should be obtained from the Society for applying V SAT.

Some companies that have been hired for the SBI ATM franchise are, Tata Indicash, Muthoot ATM, India One ATM have these rights.

Official Website - Tata Indicash - www.indicash.co.in, Muthoot ATM - www.muthootatm.com/suggestatm.html, India One ATM - www.india1atm.in/rentyourspace. You can apply on this websites for ATM franchise.

Tata Indicash is the oldest company in this. The company takes a security deposit of Rs 2 lakh. It is refundable. Rs 3 lakh has to be deposited as working capital. Thus the total investment was Rs 5 lakhs.

In terms of earnings, you get Rs 8 on each cash transaction and Rs 2 on non-cash transactions. On an annual basis, the return on the money you invest in 33 to 50 percent.

Suppose if there are 250 transactions per month and if they have 65 percent cash and 35 percent non-cash transactions, then the income will be Rs 45,000 per month. If 500 transactions are done every day, then the same monthly income goes up to 88 to 90 thousand.