Get all details on Tata Indicash ATM Franchise Online Apply, Dealership Contact Number, Benefits, Customer Care Number, Commission, and Rent your Space.
Due to the lockdown in India, many people lost their job during the time of the pandemic. Most of them join another job and you are not getting a job again. Today we are here to come up with a new business idea that will help you in the time of the pandemic also.
In the future, if there is a third wave coming then this will not impact your this business. So guys today we are discussing bank ATM franchises. Especially for Tata Indicash ATM Franchise. This is a dedicated article for all those who are searching for new business ideas.
In India, the first ATM was established in 1980. In the last 20 years, the ATM business is expanding at a very higher level. From everyone lakh, people there are 28 ATMs available on average. ATM business increases the bank’s revenue and market share. ATM is more convenient to withdraw money instead of visiting your nearest bank and filling out the form and then taking money.
Right now bank ATM franchise business is expanding very rapidly. If you are thinking about a new business plan, then this will become a good option for you. ATMs are available in urban as well as village areas. This business is available in every area in all India. According to the Reserve Bank of India September 2020 right now there are 234244 ATMs exist.
Tata Indicash ATM Franchise
After demonetization ATM business gets a huge hike. Every year approximately 260000 CRORE rupees will be withdrawn from ATMs only. This is 10% of the total currency circulation.
If you are interested in Tata Indicash ATM Franchise then this article is especially for you. Many companies provide their ATM franchise, but today we are going to tell you about a dedicated Tata Indicash company.
Companies Provide ATM Franchise In India
In India, there are many companies, that provide franchises of ATMs. With the help of this business, you can get a regular income after a one-time investment.
- Tata Indicash ATM
- Hitachi
- Muthoot ATM
- India1 ATM
Of all these companies Tata Indica cash is one of the biggest and oldest companies. So you can invest in this company and get a profit.
How Company Work After Receiving your Application?
- The first company shortlists The site, on which they are going to install ATM.
- Then in the 2nd step, the Contract has been signed and the Security deposit has been received with is totally refundable.
- Makeover of ATM Room, in which work of carpentry, and civil work
- After that cash has been loaded into ATM and AT M GO Live.
- Once ATM is started, regular cash has been deposited and it will be managed by the company.
- When there is any transaction takes place, you will earn on the basis of that.
Investment cost for Indicash ATM
If we talk about the total investment cost in an ATM business franchise, then it is approximately 500000 rupees. In this 500000 rupees, 200000 rupees will be deposited as a security amount. These 200000 Rupees are refundable. The remaining 300000 rupees will be used as working capital.
Land requirement for Indicash ATM
- If you want to take the Tata indicash ATM franchise, then the main requirement is location and area.
- If you have a good location then you need a 60 to 80 square feet area for commercial use.
- If you do not have your own land, then you can also take land on lease and start your business.
- After submitting your application, company officials will visit your location.
- In case everything goes well then you will get a franchise of this company.
ATM Handling Responsibility
- When anyone does a transaction from your ATM, then you will get a commission on that transaction.
- But the total ATM handling responsibility is up to you.
- Other than that electricity bill payment, carpenter work, housekeeping, and cleaning responsibility is also up to you.
- In this franchise, there is one-year lock-in. If you withdraw within one year then the company will deduct 100000 Rupees as a penalty.
ATM Business Profit (Benefits)
- If we talk about Prophet then you will get 8 rupees on every transaction.
- In case of non-transaction, you will get rupees.
- The yearly return on your investment is approximately 33 TO 50%.
- In case your ATM transactions are approximately 250 per day, in which 65% are cash transactions and 35% noncash transactions, then you will earn 45000 rupees approximately.
- In case ATM transactions is is 350 approximately per day, then your income will be 60000 rupees approximately.
- If your ATM transactions is is approximately 500, the new earnings will be 90000 rupees approximately.
Tata Indicash ATM Franchise Online Apply
- If you prepare your mind to start your business in Tata Indicash ATM Franchise then you need to follow the procedure which is given below.
- In the initial step, you need to visit the official website of Indicash ATM which is a Tata product.
- You can also so visit directly on the franchise page:- Check Here
- When you reach the franchise page, you will see a request form.
- In this form, you need to fill in your full name, email ID, state name, city name, district, phone number, pin code, and address of the shop.
- In the end, finally, write your comments regarding this business.
- The next part is the yes or no section. In which you have to give some answers.
- The first question is are you willing to make an initial investment of 200000 rupees? Choose your option yes or no.
- Do you have any existing business?
- Do you have any experience with ATM franchises in the past?
- Is your business related to banking like E Seva Kendra micro ATM.
- Are you a MasterCard franchise?
- Are you an ATM engineer or have cash management experience?
- So these are a few questions you have to give an answer in yes or no.
- Then finally check the term and conditions of the company, and then click on the submit button.
- Your application will be reached out to the company officials. They will check your application. In case they are impressed with your application they will approve your application and visit your location.
- If your location is in the Prime area, then you will get the Indicash ATM franchise.
Download:- Franchise Brochure
Customer Care Number of Indicash ATM Franchise
- EMAIL ID:- feedback@indicash.co.in
- Helpline Number:- 1800-2662-660
We hope that information regarding the ATM franchise business of Indicash is helpful for you. In case you have any queries or questions you can ask us in the comment section below.
