As you all know, the need for Automated Teller Machines (ATMs) has increased significantly in recent years. For which the bank is taking space on rent from people to install ATMs in both rural and urban areas. For which you must have space to rent to banks. Provided that there should not be any other ATM within a radius of 100 meters of your location. So in today’s article, let us see step by step all the information about the City Union Bank ATM Franchise, Space for Rent Online.
City Union Bank ATM Franchise, Space for Rent Online
Let us tell you that a minimum of Rs 15,000 to Rs 25,000 can be earned from the NBFC that installs the City Union Bank ATM. And if you have given your space under the franchise ATM system, then you will not be paid any monthly rent for it. In this situation, your income will depend on the number of daily transactions. In which you will get a benefit of Rs 15 per cash withdrawal and Rs 5 per non-financial transaction. So let us know how you can apply for City Union Bank ATM Franchise, Space for Rent Online.
City Union Bank ATM Space for Rent Online- Overview
| Bank | City Union Bank |
| Founded | 1904 |
| Headquarters | Kumbakonam |
| Capital ratio | 12.76% |
| Purpose | Nearest ATM |
| Way | Through Application |
| Objective | Facility Safest earning |
| Space Requirement | 60-100 sq ft |
| Minimum Rental | 15000 per month |
| Maximum Rent | 25000 per month |
| Official website | https://www.cityunionbank.com/ |
| Contact number | 044 7122 5000 |
Renting out your space for ATM installation
- First of all, select the space you want to rent for the ATM. Its surface area should be 60-100 square feet.
- Also, the roof should be made of Class-B concrete.
- And if your place is in a building or society, then there should be NOC from all the residents there.
- Apart from this, there should be space for setting up network connectivity in the server room and on the terrace.
Important Documents
- No-Objection Credential from the landlord
- The place of your possessions should be in a saleable and marketable mixed market area.
- All the possession papers should be genuine and intact for confirmation.
- The land should not be linked to any clash or have any remaining payments.
- GST registration certificate
- PAN card.
- Possessions of tenure documents or lease contracts.
- Bank statement for the last six months.
City Union Bank ATM Franchise Profit Margin
| White-label systems | Around Rs 15,000 to Rs 25,000 |
| Franchise ATM Arrangement | Earnings will depend on the number of daily transactions Cash withdrawal of Rs 15 Non-financial transactions Rs 5 If there are 200 transactions per day then at least Rs 50,000 to Rs 60,000 per month. |
Procedure to Apply for City Union Bank ATM Franchise, Space for Rent
For this, you will first have to contact the bank to rent vacant space for installing a City Union Bank ATM.
After this, the bank will tell you the terms and conditions for setting up an ATM.
If you are giving vacant space on rent by following all the terms and conditions of the bank. , then you have to provide the proposal.
You will need 60-100 sq ft of space for the ATM room.
After this, the bank will check the advertisements or fares given by you.
After completion of all the processes, the bank will check your documents and allow you to install the City Union Bank ATM machine.
City Union Bank ATM Franchise Contact Details
| Address | City Union Bank Ltd “Narayana” No.24B, Gandhi Nagar Kumbakonam – 612 001, Tamilnadu, India. |
| Contact Number | + 91 – 435 – 2402322, + 91 – 435 – 2401622 |
| Fax | + 91 – 435 – 435-2431746 |