If you want a Bank ATM installed in your shop, you must first go to the bank with your property documentation and then set up a meeting with the branch manager. After you've scheduled your appointment, you can present your proposal to the branch manager. If you persuade the manager, the bank officials will do research on your property, and if they determine that your shop or property is worthy of having an ATM installed on it, you will be summoned to the bank for further formalities and legal procedures.
Giving your store an ATM installation is a fantastic idea. Installing an ATM machine in your shop can earn you up to 1 lakh rupees per month.
Before submitting a proposal for an ATM installation, there are a few things you should know.If the bank deems your shop location suitable for an ATM, you will be required to submit a security deposit of Rs 2-3 lakh to the bank.
You will be compelled to rent out your property (for a long period of time).
Only after the lease term has ended will you receive your security deposit refunded.
Public Sector Banks, Private Sector Banks, NBFCs, and Muthoot ATM are all options.
You can also choose an ATM franchise, which was launched by Tata Communications Payment Solutions Limited (TCPSL) in 2011. The RBI permitted non-bank organizations to operate ATMs in 2011, although the location for this sort of ATM installation must be prime.
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I want to give my shop for atm installation for rent. How to approach and what is the procedure to give rent for ATM?
Neeraja
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3 Year
2022-02-19T08:59:25+00:00 2022-02-25T14:58:19+00:00Comment
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