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What are the Requirements for Starting a SBI ATM Franchise Business?

In India, there is a need for banking and ATM services to reach rural, semi-urban and remote places. It is a great business opportunity to set up the SBI ATM in the banking sector. Take a look on how to set up a SBI ATM Franchise business
Ajeeta Bhatia
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
SBI ATM franchise business requires 50 to 80 square feet space. space should be at least 100 metres away from other ATM and located in a visible location
Area Required
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
Power supply should always be available, at least 1kW of electricity is required.
Power Required
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
An investment around 5 to 6 lakh is required in which security deposit of 2 lakh and working capital of 3 lakhs are required for the approval.
Investment
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
1.Identity proof
2.Proof of address
3.Bank account details
4.Passport size photo
4.GST registration and number
5.Financial documents
Documennts Required
Created by potrace 1.15, written by Peter Selinger 2001-2017
Created by potrace 1.15, written by Peter Selinger 2001-2017
In this business, return of Rs.8 for every cash transaction and Rs.2 for each non-cash transactions such as fund transfers and balance checks.
Return