1. Introduction
The SBI ATM Franchise model allows individuals or businesses to set up and manage an ATM under the State Bank of India brand through third-party service providers. This franchise is a smart way to earn passive monthly income with relatively low risk.
2. What Is an ATM Franchise?
An ATM franchise is a partnership where private individuals operate bank ATMs. While the franchise owner handles the site, electricity, and maintenance, the bank (via approved companies) processes the transactions.
There are two models:
- White Label ATM (WLA) – Managed by private companies for multiple banks.
- Brown Label ATM (BLA) – Branded by SBI, operated by franchise partners.
3. SBI’s Role and Approved Operators
SBI outsources ATM deployment to RBI-authorized companies:
- Tata Indicash
- IndiaOne ATM
- Muthoot ATM
- AGS Transact Technologies
- Hitachi Payment Services
These companies allow interested individuals to apply for and operate ATMs at suitable locations.
4. Eligibility Criteria
| Criteria | Requirement |
|---|---|
| Age | 21 years and above |
| Nationality | Indian |
| Education | Minimum 10th pass |
| Financial capability | ₹5–8 lakhs investment |
| Land availability | Owned/rented 50–100 sq. ft. |
| Legal status | No criminal background |
5. Required Documents
- Aadhaar & PAN Card
- Address & ID Proof
- Police verification certificate
- Property documents or rent agreement
- Passport-sized photographs
- Bank account details
- Educational certificates
6. Investment & Cost
Total investment: ₹5 to ₹8 lakhs
| Expense Area | Estimated Cost |
|---|---|
| Security deposit | ₹2–3 lakhs |
| ATM installation & equipment | ₹2.5–3 lakhs |
| Interiors, branding, AC, UPS | ₹75,000–1 lakh |
| Internet, CCTV, electrical work | ₹50,000+ |
Some companies offer rental/EMI-based models to lower upfront investment.
7. Earnings & Profit Structure
Earnings are commission-based:
| Transaction Type | Commission (₹) |
|---|---|
| Cash Withdrawal | ₹8 – ₹15 |
| Balance Inquiry | ₹1.5 – ₹2 |
| Mini Statement | ₹2 |
👉 With 300–500 transactions/day, monthly income ranges from ₹45,000–₹90,000 depending on location.
8. Land & Location Requirements
- Minimum 50–80 sq. ft. room/shop
- Located on the ground floor, easily accessible
- Near busy areas (markets, colleges, hospitals)
- 24/7 electricity and internet availability
9. Technical Setup
The franchisee provides:
- AC & UPS (backup battery)
- High-speed broadband internet
- Branding boards and lighting
- CCTV cameras (24×7 recording)
- Fire extinguisher, shutters
10. Security Measures
You must ensure:
- 24/7 CCTV monitoring
- Secure door locks and alarm system
- Fire safety equipment
- Insurance (optional but preferred)
- Strong shutters
11. Maintenance
- Daily cleaning
- Cash refilling (by you or CIT agency)
- Reporting malfunctions
- Power/internet upkeep
Machine servicing is often handled by the parent company (like Tata Indicash or IndiaOne ATM).
12. Application Process
Step-by-Step:
- Visit authorized company’s official website
- Find “ATM Franchise” or “Business Opportunity” section
- Fill out the application form
- Upload required documents
- Wait for verification
- Attend site inspection
- Make payment/deposit
- ATM installation & setup
13. Approved Franchise Partners of SBI
Always apply through RBI-approved operators:
| Company Name | Website |
|---|---|
| Tata Indicash | www.indicash.co.in |
| IndiaOne ATM | www.india1atm.in |
| Muthoot ATM | atm.muthootfinance.com |
| Hitachi Payments | hitachi-payments.com |
| AGS Technologies | agsindia.com |
🚫SBI does NOT send WhatsApp links for ATM offers. Stay alert for frauds.
14. Fake Franchise Alert: How to Stay Safe
Real Offers:
- From official company websites
- Verified email communication
- Legal agreement
- GST/Company registration available
Fake Offers:
- Personal WhatsApp or Gmail messages
- Asking for payment to private accounts
- No office address or support
- No official branding
15. Franchise Owner Responsibilities
- Ensure 100% ATM uptime
- Maintain cleanliness and safety
- Assist in daily operation
- Pay electricity & internet bills
- Regular coordination with the operator
16. Benefits of SBI ATM Franchise
- Stable passive monthly income
- Low risk with guaranteed SBI brand
- Simple management
- High credibility with customers
- Low manpower needed
- Long-term contract with renewals
17. Common Issues and Solutions
| Problem | Solution |
|---|---|
| Power cuts | Backup UPS or inverter |
| Poor internet | Use broadband/fiber |
| Low footfall | Choose busy location |
| Technical faults | Contact company support |
| Vandalism/theft | Install alarms & CCTV |
18. Legal & Regulatory Compliance
- RBI’s White Label ATM policy must be followed
- No Objection Certificate (NOC) from municipal body
- Report any frauds or misuse to police/SBI
- Keep up-to-date tax/GST filings
19. FAQs
Q1. Can I install SBI ATM on my property?
Yes, if you own/rent a suitable location and apply via authorized partner.
Q2. How much can I earn per month?
₹40,000 to ₹90,000 depending on traffic and usage.
Q3. Can I install multiple ATMs?
Yes, once your first franchise performs well, you may expand.
Q4. Do I need banking experience?
No, just basic education and financial investment.
Q5. How long is the franchise valid?
Most agreements are valid for 5 to 10 years with renewal options.
20. Final Conclusion
The SBI ATM Franchise is a profitable, long-term business opportunity in India, especially in semi-urban and rural areas. With low maintenance and steady earnings, it’s ideal for entrepreneurs with a one-time investment.
But be sure to apply only through official SBI-approved franchise operators, verify all details, and avoid scams.
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