I Want My Shop To Be Rented for Bank ATM

Make sure that the place is a safer one, all you have to do is to visit various branches of all different banks. There will be certain rules and regulations that you will be required to follow, you must adhere to those rules. After few days banks may visit your place, or contact you through email or phone, if they find your place suitable for an ATM, they will let you know. For the time being, you may put a poster in front of your shop, ‘site for ATM’. You can advertise your property for free on NoBroker, a no-brokerage real estate website where you can reach to verified buyers and prospective tenants. Post your property ad for Free.

Do you have a shop property which you want to put on rent, I will suggest you give property on rent for the bank ATM. Now you must be wondering “How can I give my property on rent for a bank ATM” I will explain to you all the relevant things like Is your property eligible for  

Basic requirements for ATM set up on your property:  

• Your property should be in a commercial area.

• The property should be 60 to 100 square feet should be the surface area.

• For ATM installation the sealing should be made of concrete, for B-set setup. 

• You should be holding NOC for B-set installation or a written application signed by all the residents of the building.

 

How much can you earn by installing an ATM on your property?

• You can earn up to Rs. 1 lakh per month by installing an ATM on your property.

• The rent payment is now based on the number of transactions on the ATM.

• For non-banking transactions, you can receive Rs. 5 per transaction like checking balance and mini statement.

• For every monetary transaction such as cash withdrawal, you can get Rs. 15 per transaction.

• You need to pay Rs. 2-5 lakh as a security amount to the bank at the time of the agreement.

Where to contact for installing an ATM?

Approach the following banks with an application form to install ATM in your commercial property 

 

• Public Sector Banks

• Private Sector Banks

• NBFCs

• Muthoot ATM

Other than banks you also do the indirect application by advertising about your property. You can advertise your property in the newspaper or go online and

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Giving your property for bank ATM installation is a great way for earning money without putting much effort. You can earn upto 1 Lakh rupee per month by just giving your commercial property to the bank for installing atm. Now you must be wondering how to give shop on rent for atm. In this answer you will explore the entire process to how to rent shop for atm. Post Property details on NoBroker absolutely free and start getting customers soon Avail NoBroker Onwer Plans to get relevant tenants easily Requirements of bank for ATM installation in a property 

• Property should be free from all financial dues.
• The property should be located in a commercial location or a high densely populated residential area.
• You should hold approval for ATM installation from the city municipal authority.
• The surface area of a property should be 60 to 100 square feet.

How  to apply for ATM machine in my shop

• If you want to give your property on rent for bank installation then you should also keep a track of online and offline advertisements of the bank such as daily local newspapers. Print advertisement for getting a property is a traditional way which is still practiced by the banks. So keep a track on bank advertisements. You might find a deal without actually hunting one.
• 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.
• In case you convince the branch manager then congratulations and if not then you have other bank options.

Hope you find this answer useful this is the process how to rent shop for ATM.  

Commercial property owners are showing a lot of interest in installing ATM machines in their properties these days. And rightly so, I read somewhere that although investment required for ATM installation is around Rs. 7 to Rs. 9 Lakhs, the rental yield and appreciation in coming years will be much more than that. So the question arises how to install ATM machine in my shop, right? Well don’t worry I am here with all the details.

Property requirements

The banks are interested in ATM installed properties in busy areas where there is great commercial interest. If the area has high footfall then you can get good rental yields. Another important factor to consider is that the minimum area requirement starts at 60 sq ft.

Legal Requirements

Banks do not show any interest in properties which are legally hassled. If there are pending encumbrances, legal notices, dues or anything off putting, your property will be rejected immediately. 

How to apply for ATM machine in my shop?

This one common query has brought us all here. Well you need to write applications to banks and ATM providers. 

Write to the bank expressing your interest in giving your property on lease for ATM purposes. Mention the details of your property, location, area, expected rent, contact details in the letter. Simultaneously, write a letter to an ATM provider asking for a price quote to install ATM machine you can contact: Tata Communications Payment Solutions, BTI Payments, Vakrangee, Hitachi Payment Services, RiddiSiddhi Bullions, or AGS Transact.

How to give shop on rent for ATM?

Reach out to banks. Talk to the bank manager and get a hold of their requirements. Make necessary adjustments to your property and pitch again.

If you want to quickly rent your commercial property, post your property ad here

I hope this clarifies your doubts on how to install ATM machine in my shop.

I didn’t know how much potential renting your commercial shop for ATM actually had. I started researching this subject during lockdown. I saw an increasing number of conversations around shop rent for ATM. During my research I figured out how to rent a commercial property for ATM installation. I am sharing with you what I found out. And of course, what everybody here suggests is absolutely correct. I am focusing more on how to rent out shop for ATM in India using the official tender invited by banks. 

I observed that on the bank’s official website a lot of press release updates come in daily. You have to keep an eye out for the same. I will share an example with you from SBI bank and ICICI Bank. 

SBI published a press release inviting tenders to lease a commercial space for their bank and ATM premises. In that press release they mentioned:

• Locality 

• Area requirement in sq metres

They specified exactly how they want the applications to be sent in. It was a two part application which was required to be sent in a sealed envelope. 

Part 1 was a technical bid wherein 13 points were covered including: floor area requirement, parking area requirement, amenities required, possession status, locality required, furnishing status, lease period, etc.

Part 2 was the Terms and Conditions bit which talked about legal requirements, walls and flooring requirements, interior and furnishing requirements in detail, etc.

You can check out the press release here and read all the details 

I hope this answer tells you things apart from how to contact banks for renting out shop for ATM. Because before doing that you must also know what is the process and do you even meet the criteria or not.

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If you want to start your own business from your shop, renting out space for an ATM machine can be a smart idea. I have been earning through this source for almost 5 years. Banks can rent the space for an ATM for a set period of time and then extend the agreement every 2 to 3 years. So let’s study the process of ATM rental space.

Post your commercial property ad for free on NoBroker here to quickly get the tenants.

Benefits of shop for ATM rental:

• Renting your space to a bank ATM is a good way to earn a consistent monthly income.

• You have the right business chance to earn up to 5X more.

• You don’t need any capital investment.

• Simply pay a small refundable deposit to begin your company with trusted brands.

Requirements for rent your space for ATM:

Like the answers of Narayandas, Vashali and Shreya are good enough to know the criteria for renting your shop for a bank ATM. The various aspects like legal requirements, locality, etc are covered very well in the above answers. But still, I have something to say about the requirements.

• It is highly recommended that your property should be near hospitals, institutions, government offices, the railway station, and the bus station.

• Apart from that, if your property is in a high-traffic area or if people frequent your shop, it will be taken into account.

• The space available should only be on the ground floor.

• The shop/location should be near the major road.

• If your property is not commercial, then you must get consent from the municipal authorities.

• For one machine installation, a 6KVA load is usually required. You must obtain the appropriate connection for the number of ATMs you intend to install.

• A rolling shutter should be installed in your store.

• It will be more convenient if you have parking space. This is your answer to the query I want to rent my shop for bank ATM.

Indicash ATM Installation:

• Indicash and TCPSL will take care of the ATM's upkeep, electricity costs, and security system. You only need to use your property as collateral to open an ATM under this programme.

• The amount you'll get is heavily influenced by the number of people that use your ATM.

• You earn more money if more people come into your ATM.

• When a minimum of 100 transactions are processed per day, such an ATM becomes profitable.

• The number of transactions that occur in your ATM will determine how much money you will make.

• Non-banking operations, such as checking balances and receiving a small statement cost Rs.5 and financial transactions such as cash withdrawals cost Rs.15.

This is your guide about the ATM rental space.

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Renting properties is actually a good idea. It helps you to maintain your property and also earn a good sum of money from it. We also have a property so I also tried to know how to rent a shop for ATM so that we can use that shop area well. I learned that there are some rules that need to be followed and luckily our shop complies with those rules. If you are wondering what are the rules, I am sure this answer will help you know them. 

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How to give shop for ATM?

Before knowing about the process of renting the shop, do learn about the rules that need to be followed. Here are they-

• The shop must be in a well-lit, crowded and easily accessible area

• The space must be 500 sq ft minimum

• A licence from the RBI must be obtained

• Promote the availability of an ATM on your space once the installation is done

• Monitor the ATM and make sure it is working

After you agree to all this and believe your property complies with these rules, go for ATM installation. Here is the answer to how to give space for ATM on rent

• You will need to choose a bank and ask about their requirements for installing an ATM

• Abide by the bank’s rules and proceed with the installation of an ATM

• Attach the machine to a power source and connect it to the bank’s network

Once these are done, the bank will send someone to verify everything and check whether everything is working perfectly or not. Once everything is done, the ATM will be ready for public use. Whenever someone tells me I want to give my shop on rent for atm, I advise him/her to follow these steps only. 

You can check out online platforms or newspaper ads to know which bank is in need of an ATM space. 

I hope this answers how to rent a shop for ATM.

Read More:

How to give shop on rent for ATM?

How to rent suitable commercial space for bank and ATM installation? What is the process of ATM machine installation?

If you want to rent your space for ATM, I would say it is a great idea. If you have the space and sources, I think it can be a great option.

Both the shop's landlord and the bank may benefit by renting out the space to an ATM. The property owner receives consistent revenue, and the bank benefits from a customer-friendly location. 

How to apply ATM machine in my shop online?

Here are the steps on how to rent shop for ATM:

• Check your shop's size, accessibility, and location to see if it satisfies the criteria for a bank ATM machine rent for shop. Banks often favour businesses that are situated in busy areas.

• Choose potential banks, then get in touch with their local headquarters or branches to express your interest and learn how to apply for ATM machine in my shop.

• Negotiate the conditions of the leasing agreement once you've found a bank that is interested in your property. While negotiating, you must consider factors like rent price, lease length, maintenance obligations, and any other conditions unique to ATM installation and operation.

• Hire a real estate agent or attorney to write a legal rental agreement that safeguards both parties rights and interests. 

• Inquire with the local municipal authorities about any licences or permits needed to run an ATM on your property. 

• Make the necessary modifications or upgrades to the shop in accordance with the bank's requirements before the ATM is installed. This may entail providing space for the ATM equipment as well as power connections, security measures, and other features.

Once you are done with the above steps, you can be assured that you will earn handsomely in rental income from bank. I hope my response on how to give shop on rent to bank ATM is helpful for you.

Post your shop’s property ad for free on NoBroker. Get commercial tenants faster for your property with expert assistance  Read More: How to get ATM machine installed in your property and give it on rent?

My uncle wanted to rent his commercial property to banks and NBFCs for the installation of ATMs. He started enquiring about how to install ATM in my shop. Renting out space to banks is increasingly gaining popularity in Tier-2 cities in addition to large ones like Hyderabad, Bangalore, and Chennai, among others.

How to open ATM in my shop?

My uncle told his Banker friend that, I want to rent my shop for Bank. He informed him about these points;

• Pay attention to newspaper advertisements:

He informed him to go through the newspaper where Banks might post an advertisement stating their requirement for a space to install an ATM.

• Checking bank websites:

This is another method. In order to receive offers from interested parties, banks also post advertisements on their websites. The property owners have a set date by which to submit their property information and proposal.

• By going to the banks in person:

He also asked him to visit the local Bank branches and inform them about his space availability.

The institution will review the application, assess local traffic and demand, and then process it as necessary. 

Post your commercial property for rent here and let tenants find you Avail NoBroker’s Commercial Owner’s Plans and save thousands on brokerage

Read More:

How to Give My Property on Rent to an ATM? How to rent a suitable commercial space for bank and ATM installation?