1. Introduction to SBI ATM Franchise
State Bank of India (SBI) is one of the largest public sector banks in India. To expand its ATM network efficiently across the country, SBI collaborates with private companies and individuals through an ATM Franchise Model. This allows entrepreneurs and investors to install and operate SBI-branded ATMs and earn regular income.
An SBI ATM Franchise is a great low-risk business opportunity with consistent monthly returns.
2. What Is an ATM Franchise?
An ATM Franchise is a model where private individuals or companies set up an Automated Teller Machine (ATM) on behalf of a bank like SBI. The bank leases its brand name and provides financial transactions, while the franchise owner is responsible for installation, maintenance, security, and utilities.
Banks outsource ATM installation to reduce operational burden and expand coverage rapidly.
3. SBI and Its Role in ATM Franchising
SBI doesn’t directly offer franchises to individuals. Instead, it authorizes third-party ATM deployment companies known as White Label ATM Operators (WLAOs) like:
- India One ATM (BTI Payments)
- Tata Indicash
- Muthoot ATM (Muthoot Finance)
- Hitachi Payment Services
- AGS Transact Technologies
These companies act as intermediaries for SBI and allow individuals to set up ATM franchises.
4. SBI ATM Franchise Models
There are generally two models:
🔹 White Label ATM (WLA)
- Owned and operated by non-bank entities.
- Deployed by RBI-approved companies.
- SBI customers can withdraw money here.
🔹 Brown Label ATM (BLA)
- Infrastructure provided by third-party.
- Banking network and branding from SBI.
- Ideal for those who want SBI-branded ATM but managed by a franchise partner.
5. Eligibility Criteria for SBI ATM Franchise
Here’s what you need to be eligible:
| Requirement | Details |
|---|---|
| Age | Minimum 21 years |
| Nationality | Indian citizen |
| Educational Qualification | Minimum 10th pass (some may require 12th) |
| Land Ownership | Must own or lease suitable land/shop |
| Financial Stability | Should be capable of investing ₹5–7 lakhs |
| No Criminal Record | Clean legal background |
6. Documents Required
You must prepare the following:
- Aadhaar Card
- PAN Card
- Address Proof
- Educational Qualification Certificate
- GST Number (optional)
- Bank Account Details
- Police Verification Certificate
- Land Documents / Rent Agreement
- Passport-size Photos
- No Objection Certificate (if rented property)
7. Investment and Cost Breakdown
You’ll typically need to invest around ₹5 to ₹8 lakhs.
| Expense Item | Estimated Cost |
|---|---|
| Security Deposit | ₹2,00,000–₹3,00,000 |
| ATM Machine Installation | ₹2,50,000–₹3,00,000 |
| Interiors, Furniture, Branding | ₹50,000–₹75,000 |
| Electricity and UPS Setup | ₹30,000–₹50,000 |
| Internet, Surveillance & Tech Setup | ₹20,000–₹30,000 |
| Miscellaneous | ₹25,000+ |
Note: Some companies may offer EMI or rental-based franchise models too.
8. SBI ATM Franchise Profit and Commission Structure
Monthly Income Potential
| Transaction Type | Commission |
|---|---|
| Cash Withdrawal | ₹8–₹15 per transaction |
| Balance Check | ₹1.5–₹2 per inquiry |
| Mini Statement | ₹2 per transaction |
Average Monthly Earnings
- 300–500 transactions/day = ₹45,000–₹90,000/month (approx.)
- Additional incentives based on uptime and performance
9. Land and Space Requirements
Minimum Space Required:
- 50–80 sq. ft. room/shop (minimum)
- Ground floor with good visibility
- 24/7 access preferred
Ideal Location:
- Near markets, schools, railway stations, colleges, hospitals, banks, etc.
Parking & security availability adds extra value.
10. Technical Setup and Infrastructure
Franchise partner must provide:
- Air Conditioner
- Power Backup (UPS)
- CCTV Cameras
- Security Alarm System
- Broadband Internet
- Branding boards as per SBI standard
11. Security Measures
You are responsible for:
- Installing CCTV cameras (24×7 recording)
- Strong shutter doors and locks
- Alarm system and fire extinguisher
- Insurance (optional but recommended)
12. Maintenance and Servicing
ATM machine technical maintenance is typically handled by the franchising company (WLAO).
However, you must ensure:
- Clean premises
- Stable electricity and connectivity
- Daily cash refilling (either by you or CIT agency)
13. Steps to Apply for SBI ATM Franchise
Step-by-Step Process
- Visit the official website of an SBI-authorized ATM operator (Tata Indicash, IndiaOne ATM, Muthoot, etc.)
- Go to “Franchise” or “Business Opportunities” section
- Fill out the online application form
- Upload your documents
- Wait for verification call or email
- Site inspection by technical team
- Agreement signing and deposit
- Installation & activation of ATM
14. Approved SBI ATM Franchise Companies
Always apply only through authorized partners. Here are a few:
| Company Name | Website |
|---|---|
| Tata Indicash | https://www.indicash.co.in |
| India One ATM | https://india1atm.in |
| Muthoot ATM | https://atm.muthootfinance.com |
| Hitachi Payments | https://www.hitachi-payments.com |
| AGS Transact Tech | https://www.agsindia.com |
🚫 Warning: SBI does NOT send WhatsApp messages asking for ATM franchise payments. Watch out for fraud!
15. How to Identify Real vs Fake Franchise Offers
| Feature | Genuine Offer | Fake Offer |
|---|---|---|
| Website Presence | Yes | Usually no |
| Verification Call | From company team | From random mobile |
| Official Email ID | With domain name | Gmail/Yahoo, etc. |
| Payment Gateway | Bank Account in company name | Personal account |
| Agreement | Legal documentation | No paper trail |
| Customer Support | Available | Not available |
Always verify from SBI website or call customer care before paying.
16. Responsibilities of a Franchise Owner
- Provide space and basic infrastructure
- Ensure 24/7 electricity and internet
- Maintain cleanliness and security
- Assist in ATM replenishment
- Handle minor troubleshooting
- Follow RBI and SBI guidelines
17. Benefits of Owning an SBI ATM Franchise
- Passive monthly income
- Low-risk and bank-associated brand
- High transaction volume with SBI
- Minimum effort after installation
- Long-term stable business
- No daily operational workload
18. Common Challenges and How to Overcome Them
| Challenge | Solution |
|---|---|
| Power outage | Install backup UPS or inverter |
| Vandalism or theft | Install advanced security systems |
| Poor internet | Use high-speed broadband or fiber |
| Low transaction volume | Choose high-traffic area |
| Maintenance delays | Coordinate with support regularly |
19. Legal and Regulatory Compliance
- Follow RBI’s White Label ATM policy
- Get No Objection Certificate (NOC) from local authorities
- Maintain monthly tax filings (if applicable)
- Report suspicious activities to police/SBI
- Install fire safety equipment as per local laws
20. Frequently Asked Questions (FAQs)
Q1: Can anyone apply for an SBI ATM franchise?
Yes, any eligible Indian citizen can apply if they meet space and investment criteria.
Q2: What is the monthly earning from SBI ATM Franchise?
You can earn ₹40,000 to ₹90,000 per month depending on location and transaction volume.
Q3: Is it safe and legal to invest in an SBI ATM franchise?
Yes, if you go through RBI-authorized companies like Tata Indicash, IndiaOne, Muthoot, etc.
Q4: How do I check if a franchise offer is fake?
Look for company domain email, GST number, office address, and customer support. Do not transfer money without verification.
Q5: Can I set up multiple ATMs?
Yes, you can expand to multiple locations after one successful installation.
21. Final Words
The SBI ATM Franchise opportunity is one of the most profitable low-risk businesses in India, especially in semi-urban and rural areas. With a one-time setup and moderate investment, you can enjoy a stable passive income every month.
Just ensure you work with officially authorized ATM operators and keep your legal and technical infrastructure strong.
