I want to get ATM machine installation on my property and give it for rent.

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I want to get ATM machine installation on my property and give it for rent.

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June 17, 2021

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neha sharma · Answer 1 · 2021-06-18T12:12:34+00:00

If you want to install a Bank ATM on your property you need to visit the bank along with your property documents and then schedule a meeting with the branch manager. Once your meeting is fixed then you can offer your proposal to the branch manager. If you convince the manager then the bank authorities will do research about your property and once they find that your property is worthy to install their AMT on it then you will be called into the bank for further formalities and legal process.

It is a great idea to give your shop an ATM installation. You can earn upto 1 lakh rupee per month by installing an ATM machine in your property. Things to know before giving a proposal for ATM installation

If the bank finds your property and location worthy to set an ATM on your property then you need to pay Rs 2-3 Lakh as security deposit to the bank.
You will be required to give your property on lease ( a long period of time).
You will receive your security amount back only after the tenure of lease is over.
You can reach out to Public Sector Bank, Private Sector Banks, NBFCs, Muthoot ATM.
You can also choose ATM Franchise in 2011 RBI allowed the non-bank entities launched by Tata Communications Payment Solutions Limited (TCPSL) but for this type of ATM installation the location should be prime.

Check out where your property is eligible for installing bank ATM or not You can also post your proper ty ad on NoBroker for Free

Rupali Yadav · Answer 2 · 2022-08-18T21:08:28+00:00

The need for ATMs in metropolitan areas is growing along with the population. So if you possess a commercial property, renting it out to financial institutions for ATM installation is a great way to generate a healthy return on your investment. I can safely say that leasing out a space to other businesses is possible because I did it for my commercial space. However, it could be difficult to find a potential renter. It involves a great deal of background verifications and other verifications, as well as hazards related to ongoing vacancies. As a result, the majority of commercial property owners today choose the hassle-free alternative of leasing their properties to financial institutions. The new real estate trend of renting out commercial buildings to banking firms for the installation of automated teller machines (ATMs) is quickly spreading to every metropolis with the quick and easy process of ATM installation apply online. I am going to tell you all about it ahead. Post your property ad for free on NoBroker and get genuinely interested tenants. Try out the owner plans of NoBroker which helps you find legitimate renters at a much quicker rate.

What is the ATM installation process?

The following is a list of the general requirements for requesting an ATM installation on business property. To learn more about the procedure, one can also get in touch with a licenced broker or real estate agent:
Make an application for the establishment of an ATM at a bank or Non-Banking Financial Company (NBFC).
Complete information about the property, such as its location and any adjacent landmarks, should be included in the application.
The institution will examine the idea, determine the demand and traffic in the area, and process the application as necessary. Banks typically favour freehold homes without mortgages or encumbrances.
After the application is approved, the applicant must submit any further information that is needed in the prescribed standard form.
A web server and dish facility must also be provided by the landlord for network connectivity.
You and the institution will sign a lease agreement relating to the property.

The rent that banks provide ranges from Rs 60 per square foot to Rs 200 per square foot. However, this may change depending on the current market prices, if the ATM is located in an urban or rural area, and the daily possible transaction volume.

How are the cost and returns associated with ATM installation process determined?

Monthly lease payments and a security deposit that may range between Rs 2 lakh to Rs 3 lakh to the bank are required in order to lease out your property for ATM installation. These costs may depend on the location, size, and number of ATMs placed. At the conclusion of the lease, the deposit is refunded. The costs of site upkeep, which may be from Rs 25,000 and Rs 30,000, are your responsibility in an ATM franchise model because there are no monthly rentals.

How much rent you can earn?

In the instance of white-label ATMs, NBFCs that install the device might make between Rs 15,000 and Rs 25,000 as a minimum profit. However, there won't be any monthly rental money if you choose a franchise ATM system. The quantity of daily transactions will determine the amount of income earned. Franchise ATM dealers can withdraw up to Rs 15 and conduct non-financial transactions for Rs 5, respectively. For example, if there are 200 operations per day, including 50 non-financial transactions and 150 withdrawals, the total profit is Rs 2,500. Without accounting for all expenses, the owner can earn anywhere from Rs 50,000 to Rs 60,000 each month. Read More: How to rent a suitable commercial space for bank and ATM installation? I want my shop to be rented for bank atm?

Meenakshi · Answer 3 · 2023-08-24T09:02:23+00:00

For a long time, I was planning to use our commercial property or shop space but could not figure out how to make money out of it. I decided to sell it, but my husband suggested giving it away for ATM installation. I was not very aware of how to apply for ATM machine installation. I asked a few people, and my husband also asked a few of his colleagues, and that is when we learned the process. I wanted to know how to apply ATM machine in my shop online but did not find any relevant answers. Let me share how we rented out our shop.

What is the ATM machine installation process?

I tried to apply for ATM installation online but could not find any way, so I opted for the offline method. To install an ATM, you will need to visit a bank physically and ask the officials whether they are in need of any such space or not. If so, you can finalise a deal with them and proceed. If you want to do it online,

Look for their requirements on social media platforms
Check banks’ official websites
Keep an eye on the newspaper ads to see which bank is in need of space.

Since the eligibility criteria are already mentioned in the above comment, you can go through it. Avail of NoBroker’s Commercial Plan and get tenants within a short period of time. Post your property details on NoBroker for free and reach out to a large audience easily Read More: I want my shop to be rented for bank ATM. How to give it? How to give shop on rent for ATM? How to give Pagdi system shop on rent?

I want to get ATM machine installation on my property and give it for rent.

What is the ATM installation process?

How are the cost and returns associated with ATM installation process determined?

How much rent you can earn?

What is the ATM machine installation process?

Leave an answer

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I want to get ATM machine installation on my property and give it for rent.

What is the ATM installation process?

How are the cost and returns associated with ATM installation process determined?

How much rent you can earn?

What is the ATM machine installation process?

Leave an answer

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