Kotak ATM Franchise: Kotak Mahindra Bank ATM Space for Rent, Application Form Cost

To begin with, heartfelt gratitude to our regular viewers for patiently reading our articles. Today we are living in Digital India and this article of ours will encourage the same and has brought up a fascinating topic, which is Kotak Mahindra Bank ATM Space for Rent along with Franchise Apply Online and Contact Number. Kotak Mahindra Bank is a private company that usually provides banking and financial services across India, headquartered in Mumbai.

If you’re looking for a business opportunity, consider renting out space to Kotak Mahindra Bank for their ATMs. Then, you’ll have to read this article till the end because you’ll acquire complete information about the Kotak ATM Franchise Installation Program.

Kotak Mahindra Bank ATM Franchise

As you all know Kotak Mahindra Bank Limited is a private-sector bank.  This bank was founded in February 2003 by Mr. Uday Kotak.  The head office of Kotak Mahindra Bank is in Mumbai, Maharashtra, India as its registered head office.  Kotak Mahindra Bank offers Consumer Banking, Corporate Banking, Finance & Insurance, Investment Banking, Mortgage Lending, Private Banking, Wealth Management, and Credit Cards.  In this article, we will give you Kotak Mahindra Bank ATM space for rent along with Franchise Apply Online and Contact Number.

If you have a property and you want to rent it to Kotak Mahindra banks and ATMs then giving the space to the bank is the best decision as it is the safest earning these days, allowing you to earn without investment. The income here is fixed and attractive. As India is becoming a digital India, forms now are filled out online. Honestly, it is one of the safest ways to earn money. Let us have a detailed discussion on how to Rent Space for Kotak Mahindra Bank ATM. Keep scrolling down below.

Kotak Mahindra Bank ATM Spcae for Rent – Highlights

Eligibility Criteria

To be eligible for Kotak Mahindra Bank ATM Space for Rent Franchise, you must meet the following criteria:

• You should be the owner of the property or have a lease agreement for a minimum of 5 years.
• The property should be located in a commercial area with high footfall.
• The property should have a minimum area of 60 sq. ft. for outdoor ATMs and 100 sq. ft. for indoor ATMs.
• You must have a valid GST Registration and PAN Card.

Procedure to Rent Franchise Space to Set up a Kotak Mahindra Bank ATM

In this section, we are going to elucidate the complete process to rent space to set up a Kotak Mahindra Bank ATM Machine in India. Details are mentioned below:

1. Initially, you’ve to approach a bank with a proposal to provide space owned by you to be offered on rent to set up an ATM Machine.
2. After this, the bank will then consider your proposal and identify whether they have a requirement to set up ATM Machine in the area based on demand
3. If they agree to set up an ATM Machine they will provide the bank’s format in which you need to provide the proposal.
4. Generally, a bank will require a freehold property on the property.
5. The space required for the ATM Room will be 10 feet By 10 feet room.
6. The bank will then decide on commercials/Rent for space provided by you.
7. It will be based on running market rates in that area and vary from Rs. 60 per sq. feet to Rs. 150 per sq. feet rent per month. and all taxes are to be borne by the Landlord.
8. The important aspect is that you need to provide space for a server room and space for the installation of a Dish for network connectivity on the roof.

Required Documents For Kotak Mahindra Bank ATM Space for Rent

There are a few essential documents that must be submitted to apply for a Kotak Mahindra ATM franchise. Below, you will find a list of all the documents that you will need to complete the application:

• Voter ID
• Pan Card
• Aadhaar Card 
• Address Proof
• Ration Card 
• Electricity Bill 
• Additional Information
• Photograph of a passbook or bank account
• Email Address 
• Telephone
• Financial Documents 
• GST Number

Contact Information of Kotak Mahindra Bank ATM Franchise

If you have any further questions or would like to apply for rent out space for a Kotak Mahindra Bank ATM, you can contact the bank at the following:

Phone No:- 18602662666 (accessible across India)
Email ID:- [email protected]
Website:- https://www.kotak.com

Don’t wait any longer – visit the bank, check the Bank’s official website, post property ads on the real estate website, and rent your property to Kotak Mahindra Bank today!

Axis Bank ATM Space for Rent Online Application Form