How much rent we get for ATM space in India?

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How much rent we get for ATM space in India?

Experts say the banks are giving monthly rent at around Rs 15,000 for the ATM space means at least Rs 1.8 lakh per annum. If you add the appreciation coming in into the ATM property, an investor can pocket at least Rs 2 to Rs 2.25 lakh per annum easily.

What is the rent for ATM space?

“Leasing out your space for ATM installation will be accompanied by monthly rentals and you paying a security deposit to the bank that may vary from Rs 2 lakh to Rs 3 lakh depending on the location, space and number of ATMs installed.

How can I give my shop on rent to some bank for ATM?

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You can visit various banks along with your proposal. First you need to make an appointment with the branch manager. Once your meeting is fixed visit the bank along with the property documents and approval from municipal authorities.

What is the cost of ATM machine in India?

ASAN’s ATMs costs Rs 5.5 lakh while other machines cost Rs 8 to 10 lakh.

How much money can you make owning an ATM machine in India?

Let us consider the following scenario: Footfall in your ATM is good and around 200 transactions are made every day out of which 50 are non-financial transactions and 150 are cash withdrawals so you will approximately earn Rs. 2,500 per day and approximately Rs. 75,000 a month.

How do I give rent to bank space?

Requirements to rent your property to bank atm or bank branches

  1. The property size should be suitable to what bank demands.
  2. The property should preferably in a commercial market or commercial mixed market.
  3. Property should not be in a legal feud or no dues must be pending.

Is Indicash ATM profitable?

With Indicash ATM Franchise, you have the potential to earn an ROI of up to 33\% in the first year itself. The Indicash ATM Franchise business model is a high margin, minimal investment and asset lite business opportunity, whereby you can earn with every cash and non-cash transaction.

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How do I rent my property to a bank?

How can I rent property in HDFC Bank?

Lease/ Leave & license agreement / Rent agreement copy duly stamped accompanied by CPV done by branch staff. Mobile post paid bill of public / private operators in the State. Domicile certificate with communication address issued by Municipal Corporation.

Who fills money in ATM machines?

Who loads the cash in the machine? As the owner of the ATM machine you are responsible for loading cash in the machine or having a 3rd party load cash into the machine. This cash is also paid back on a daily basis as customers pull cash from the ATM and deposited back into a bank account of your choosing.

How much money is in the ATM machine?

The average size machine can hold as much as $200,000, though few do. In off-hours, most machines contain less than $10,000. Typically, your average NCR ATM (NCR being the manufacturer) will have 4 cash cassettes installed in the cash dispenser.

How do I rent my property to the bank?

How much does it cost to rent an ATM in India?

The rent offered by banks varies between Rs 60 per sq ft and Rs 200 per sq ft. However, this is subject to variation as per the prevailing market rates, whether the ATM is situated in an urban or a rural setting and the number of potential transactions per day.

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How to rent commercial space for ATM installation?

To rent your commercial space for ATM installation you need to visit the area-based financial institutions. Being aware of the regional norms, they would be able to help you better. However, do a thorough comparative analysis between various banks and understand the terms and conditions well before renting the space.

How to get an ATM machine installed at your place?

Make things clear with the bank, which might be through direct contact or through brokers. It is recommended that you should contact bank directly for ATM installation at your place, every bank branch has a concerned person who take charge for ATM machine installation. How Much Rent You Can Expect Rent depends on location.

How much can you earn by opening an ATM franchise in India?

Franchise ATM dealers avail Rs 15 per cash withdrawal and Rs 5 per non-financial transaction. For instance, if there are 200 transactions a day, including 150 withdrawals and 50 non-financial transactions, the total amount earned is Rs 2,500.