Like all banks, Federal Bank also rents space for its ATMs for the convenience of its customers. So that its customers do not face any time delay in taking cash. So if you also have some vacant space, you can also increase your income by renting out your property to banks and NBFCs for the installation of Automated Teller Machines (ATMs). So let us know how to apply for Federal Bank ATM Space for Rent Online.
Federal Bank ATM Space for Rent Online, Franchise
You can earn Rs 20,000 to Rs 25,000 per month by renting out your space for Federal Bank’s ATM to the bank. Along with this, if you choose the ATM franchise system, you will get a benefit of Rs 15 per cash withdrawal and Rs 5 per non-financial transaction. You will not be paid monthly rent in this system. So if you want to apply online for Federal Bank ATM Space for Rent then you have to read the information given below carefully.
Federal Bank ATM Franchise, Space for Rent Online- Overview
| Bank | Federal Bank |
| Founded | 23 April 1931 |
| Headquarters | Nedumpuram |
| Capital ratio | 14.81% |
| Purpose | Nearest ATM |
| Way | Through Application |
| Objective | Facility Safest earning |
| Space Requirement | 60-100 sq ft |
| Minimum Rental | 20000 per month |
| Maximum Rent | 25000 per month |
| Official website | https://www.federalbank.co.in/ |
| Contact number | 1800 420 1199 |
Requirements to Rent Your Property to Federal Bank ATM
- First of all, the size of the space you want to rent should be as per the demand of the bank (60-100 sq ft).
- The space offered by you should be under commercial and commercial mixed market area.
- There should not be any other ATM within 100 meters of that place.
- The land offered by you should not be disputed.
- And most importantly there should be all the necessary permissions from the local and municipal authorities.
Required Documents
- PAN card
- GST registration certificate
- Property ownership documents or lease agreement
- No-Objection Certificate from the landlord
- Bank statement for the last 6 months
- Here are some of the terms and conditions for the Federal Bank ATM Space for
Procedure to apply for a Federal Bank ATM Space for Rent Franchise
- For this, first of all, you have to go to the website of the Federal Bank. Now you go to the franchise section here.
- Now many options will appear in front of you, from here you will have to click on the option of ‘ATM Space for Rent’.
- Now Federal Bank ATM Space for Rent Online Application Form will open in front of you.
- You will have to fill in all the information asked in this form correctly, add the required documents, and submit the form.
- After this, your application will be examined by the bank. If you have filled out the application as per all the conditions of the bank, then the bank will grant permission to install its ATM on your land.
Federal Bank ATM Franchise Profit Margin
| White-label systems | Around Rs 20,000 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. |
Federal Bank ATM Franchise Contact Details
| Contact Number | +91 80 61991199 |
| Customer Service | 1800 420 1199 |