If you have a shop in a commercial area then you can definitely put it on rent for ATM installation. Then you should check whether your property is eligible for bank atm or not. Here are the conditions.
Eligibility criteria of a property for ATM installationThe property should be available for lease
Almost all the banks require the surface area for ATM installation is 60 to 100 square feet.
The ceiling for the property should be made up of concrete for Bank set up installation.
The property should be free from all legal liabilities.
All the property owners should hold the No objection certificate.
Sale deed
Tax receipts
Encumbrance certificate
NOC certificate
Another NOC with a written application mentioning the ATM installation and the application should be signed by the municipal authority.
You can directly approach the banks to give your proposal for a bank ATM. This may sound like a small process where you will be required to visit many banks and once you convince one manager. Then the bank will do research on your property. If convinced you will be required to sign on the legal documents to complete the formalities.
You can post your property on NoBroker How much can you earn by installing an ATM on your propertyYour Feedback Matters! How was this Answer?
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I have a commertial shop so want to rent for atm
Anand
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2021-06-25T20:22:32+00:00 2021-06-28T12:17:11+00:00Comment
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