Other

How do I rent a place ATM?

by Lennon Wade

How do I rent a place ATM?

ATM installation process

  1. File an application in a bank or Non-Banking Financial Company (NBFC) for ATM installation.
  2. The application should comprise complete details of the property such as area, locality, nearby landmarks, etc.

How do I become a ATM dealer?

Conditions for Taking Franchise If you are interested in taking a franchise then at least you should have 50-80 sq. ft of space. It must be 100 meters away from other ATMs. Moreover, there should be 24 hours power supply, apart from this, a 1 kW electricity connection will have to be kept there.

Is Indicash org safe?

The original Indicash website is www.indicash.co.in. The fraudsters behind the scam advertise the ‘Rent your space for ATM’ on Google. These ads take you to fake websites impersonating the Indicash brand and its website (www.indicash.net.in, www.tataindicash.org, www.myindicash.org) and prompt you to fill up the form.

How much does an ATM franchise make?

At 6-10 transactions per day, that is a daily gross profit of $15 – $25 per day. Therefore, the income potential of one ATM machine in a retail business could be around $450 – $750 per month. (This assuming, of course, the business is open and the ATM is accessible 7 days per week.)

Is investing in ATMs a good idea?

Daniel said self-service or buying your own ATM is very profitable, and between 15 and 30 transactions a month yield a high return. “[It’s] a great secondary source of income that could equal between anywhere between $20,000 and $30,000 extra per year,” he said.

How do you approach a bank for rent space?

Here is a quick list for you:

  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.
  4. All the property papers should be genuine and intact for verification.

How do I open a ATM franchise?

You can start being an Indicash ATM Franchisee by making a minimum investment of ₹ 2 lacs as a one-time refundable* deposit and approx. ₹ 3 lacs to run the daily ATM operations.

Who is the owner of IndiCash ATM?

The Indicash ATM network is operated and managed by Tata Communications Payment Solutions Ltd. (TCPSL), a wholly owned subsidiary of Tata Communications Limited. Indicash is the largest White Label ATM Operator in the country and the second largest in semi-urban and rural geographies.

How to be an IndiCash ATM franchisee?

You can be an Indicash ATM Franchisee in 4 simple steps: Choose from any of the Indicash ATM Franchisee business models: Option 1: Onsite Model where you can select an existing Indicash ATM location for starting a Franchise business. Option 2: Offsite Model where you can propose a self- owned/leased, high footfall commercial space of 60-80 sq ft.

How can I contact indianash for any queries related to ATM services?

For any queries and feedback related to ATM services, please email us at [email protected] Note: Dear Customer, due to the COVID-19 outbreak, there may be a longer-than-average turnaround time on incoming calls.

How Indicash is empowering the masses through ATMs?

Driven by the Tata’s ethos of empowering masses, Indicash through its extensive network of ATMs is spearheading cash accessibility to the remotest part of the country.